Four-Unit Quadplex with New
For Sale
$1,150,000
3132 BLOOMINGDALE VILLAS COURT, Brandon, FL 33511
Fully occupied multifamily property with approaching lease renewals and a three-bedroom, two-bath unit configuration.
Property Size4,024 SF
Price / SF$285.79
Days on Market26
Property Features for 3132 BLOOMINGDALE VILLAS COURT
General Information
Standard status
Active
Size
4,024 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Year Renovated
2021
Tenancy
Multi
Listing Agency:
KEYSTONE PROPERTIES & CO., LLC
(727) 277-4149
Listed By:
Johnny Huynh · License #3467638
Source:
Endlesssummerrealty
Added: Jul 30
Changed: Aug 23
Last Checked: Aug 23 at 10:30AM
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 KEYSTONE PROPERTIES & CO., LLC
Investment Insights
Based on property information with market context.
This four-unit quadplex in Bloomingdale Villas is fully leased, with all four units currently occupied. The property features three-bedroom, two-bath units and was built in 1985. A new roof installed in 2021 addresses a major building component and supports the property's current maintenance profile. Lease renewals are approaching, creating an opportunity to review rents relative to current market rates.
The property is located near Brandon Regional Hospital, I-75, the Crosstown Expressway, shopping, dining, and schools. It is one of only seven three-bedroom, two-bath quadplexes in Bloomingdale Villas, providing a defined unit configuration within the community.
The property is located near Brandon Regional Hospital, I-75, the Crosstown Expressway, shopping, dining, and schools. It is one of only seven three-bedroom, two-bath quadplexes in Bloomingdale Villas, providing a defined unit configuration within the community.
Key Highlights
- Four‑unit quadplex with all four units currently occupied
- Three‑bedroom, two‑bath unit configuration throughout the property
- New roof installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,340
$1.1M
Cap Rate 7%
$757,386
$757.4K
Cap Rate 9%
$589,078
$589.1K
Market Conditions
NOI Build-Up for 4,024 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.7K $19.80/SF
− Vacancy
−$3.9K −$0.98/SF
EGI
$75.7K $18.82/SF
− OpEx
−$22.7K −$5.65/SF
NOI
$53.0K $13.18/SF
Area
Brandon, FL
Vacancy
4.94%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,340
Cap Rate 7%
$757,386
Cap Rate 9%
$589,078
Alternative Uses
Best Use
Multifamily LT 5
$757.4K
$662.7K – $883.6K
NOI $53,017 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$676.2K
$591.7K – $788.9K
NOI $47,333 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,963 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 33511, FL
56,627
Population
24,579
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,539
Density / Sq Mi
$77,383
Median Household Income
$44,521
Median Earnings
$1,684
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with approaching lease renewals and a three-bedroom, two-bath unit configuration.
Where is this quadplex located?
The property is located at 3132 BLOOMINGDALE VILLAS COURT Brandon, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit quadplex with all four units currently occupied; Three‑bedroom, two‑bath unit configuration throughout the property; New roof installed in 2021
