Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31229 CLARIDGE PLACE Wesley Chapel, FL 33543

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $242,500

    Two-bedroom townhome in gated community with many amenities.

    Type:Condo/Townhome
    Property size:
    1,178 SF
    Lot size:
    0.03 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    10
    Last Refresh:
    Mar 25 at 11:12 pm

    Property Features for 31229 CLARIDGE PLACE

    General Information

    Standard status
    Active
    Size
    1,178 SF
    Lot size
    0.03 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Kelly Parks

    Listing agent Kelly Parks License #3259067

    Listing office COASTAL PROPERTIES GROUP INTER

    Listing date Mar 23, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COASTAL PROPERTIES GROUP INTER

    Overview

    Claridge Place Townhome

    Located in the gated community of Claridge Place within Meadow Pointe, this townhome features 2 bedrooms and 2.5 bathrooms. The open-concept main level has tile flooring and connects the kitchen, dining, and living areas. The kitchen includes maple cabinetry, granite countertops, a breakfast bar, a microwave, stove, dishwasher, and a side-by-side refrigerator. A half bath and a laundry closet are located on the first floor. Upstairs, there are two bedrooms, each with double closets, and two full bathrooms. The property includes a screened-in patio. Residents of Claridge Place have access to a pool, clubhouse, fitness center, tennis and basketball courts, and a playground. The HOA covers exterior maintenance, water, sewer, trash, and lawn care. The property is located near The Shops at Wiregrass, Tampa Premium Outlets, schools, dining, and entertainment, with access to I-75. The property size is 1178 square feet.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Gym & Fitness Center Pharmacy Big Box & Wholesale Store Hotel & Motel Auto Parts Store Computer & Electronic Repair Electronics & Wireless Store Tech Support Center Cosmetic Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wesley Chapel
    County
    Pasco
    State
    Florida
    Longitude
    -82.299938
    Latitude
    28.1926901

    Nearby Similar for Sale

    • $1,350,000
      4,000 SF

      Professional Office Building in Redfern Park

      Two-unit office building near hospitals and residential developments.
      3717 TURMAN LOOP 101 & 102, WESLEY CHAPEL, FL 33544
      View Details
    • $300,000
      1,555 SF

      Move-In Ready Townhome with Upgrades

      Well-maintained townhome with modern features and community amenities.
      34196 POLACCA LANE, WESLEY CHAPEL, FL 33543
      View Details
    • $342,990
      1,758 SF

      New Townhomes in Gated Community

      Under construction townhomes in resort-style Wesley Chapel community.
      32619 TURTLE GRACE LOOP, WESLEY CHAPEL, FL 33545
      View Details
    • $4,822,000
      2,350 SF

      Wesley Chapel Retail Investment Opportunity

      Recently signed Chipotle with a 20-year lease and options.
      34118-34120 State Road 54, Wesley Chapel, FL
      View Details
    • $299,000
      1,221 SF

      Updated Townhouse in Golf Community

      Move-in ready, 2-bedroom townhouse with golf and lake views.
      5434 SADDLEBROOK WAY 4, WESLEY CHAPEL, FL 33543
      View Details
    • $2,357,600
      1,406 SF

      Take 5 NNN Asset

      NNN leased investment property with zero landlord responsibilities.
      27244 Wesley Chapel Blvd, Wesley Chapel, FL
      View Details

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom townhome in gated community with many amenities.
    Where is this residential income property located?
    The property is located at 31229 CLARIDGE PLACE Wesley Chapel, FL.
    What is the asking price?
    The asking price for this property is $242,500.
    What are key features of this property?
    This property features: Gated community of Claridge Place in Meadow Pointe.; Enjoy a low‑maintenance lifestyle with HOA covering exterior maintenance, water, sewer, trash, and lawn care.; Open‑concept main level features tile flooring, connecting kitchen, dining, and living areas.
    (813) 553-6869
    We can help!
    Listing Contact
    Kelly Parks
    Real Estate License ID: 3259067
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!