Canal-Front
For Sale
$257,000
3205 LAUREL DALE Drive, Tampa, FL 33618
Residential, TAMPA, FL
Property Size1,240 SF
Lot Size0.11 Acres
Price / SF$207.26
Days on Market80
Property Features for 3205 LAUREL DALE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Dining Room, Bathroom 1, Bedroom 1
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Crown Molding, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Window Treatments
Exterior features
Rain Gutters, Storage
Appliances
Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
NORTH LAKES SEC I UNIT
Lot features
In County, Sidewalk, Paved
View
Lake, Water
Elementary school
Schwarzkopf-HB
Middle school
Martinez-HB
High school
Gaither-HB
Directions
From Tampa, North on Dale Mabry Hwy, east on Lakeview Dr, north on Laurel Dale Dr. Home on right side.
Standard status
Active
APN
U-22-27-18-0KK-000003-00104.0
Size
1,240 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAKES SECTION I UNIT NO 1 LOT 104 BLOCK 3
Tax Annual Amount
580
Legal Description
NORTH LAKES SECTION I UNIT NO 1 LOT 104 BLOCK 3
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1983
Floors in Building
1
Flooring type
Wood, Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
SAND DOLLAR REALTY GROUP INC
Listed By:
Robert Arnold, Jr · License #627826
(407) 389-7318
Added: Jul 15
Changed: Oct 2
Last Checked: Oct 2 at 5:06AM
MLS# O6425108
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,240-square-foot duplex on a 0.11-acre lot is described as a two-bedroom, two-bathroom home. Interior finishes include tile and wood flooring, granite countertops, wood kitchen cabinets, and a closet pantry. A screened porch overlooks a freshwater canal that flows into Lake Magdalene. The property needs some work. A new roof was installed in May 2026, and underpinning and stabilization were completed in July 2026 with a lifetime warranty. The property has no homeowners association and is zoned PD.
The home is minutes from Publix, Whole Foods, Walmart, Home Depot, shopping, and restaurants. I-275 is a short drive away, providing a route to downtown Tampa.
The home is minutes from Publix, Whole Foods, Walmart, Home Depot, shopping, and restaurants. I-275 is a short drive away, providing a route to downtown Tampa.
Key Highlights
- Freshwater canal frontage with flow into Lake Magdalene
- 1,240 square feet on a 0.11‑acre lot
- Two bedrooms and two bathrooms
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
$14,474
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
5.63%
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%
$289,480
$289.5K
Cap Rate 7%
$206,771
$206.8K
Cap Rate 9%
$160,822
$160.8K
Market Conditions
NOI Build-Up for 1,240 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
$22.2K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.7K $16.67/SF
− OpEx
−$6.2K −$5.00/SF
NOI
$14.5K $11.67/SF
Area
Tampa, FL
Vacancy
6.74%
Lease Rate
$17.88 /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%
$289,480
Cap Rate 7%
$206,771
Cap Rate 9%
$160,822
Alternative Uses
Best Use
Multifamily LT 5
$206.8K
$180.9K – $241.2K
NOI $14,474 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$288.9K
$252.8K – $337.0K
NOI $20,222 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 33618, FL
26,474
Population
12,394
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,152
Density / Sq Mi
$79,850
Median Household Income
$50,134
Median Earnings
$1,400
Median Rent
$379,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A screened porch faces a freshwater canal connected to Lake Magdalene.
Where is this duplex located?
The property is located at 3205 LAUREL DALE Drive Tampa, FL.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: Freshwater canal frontage with flow into Lake Magdalene; 1,240 square feet on a 0.11‑acre lot; Two bedrooms and two bathrooms
