Single-Story Half
For Sale
$269,900
3244 LAUREL DALE Drive, Tampa, FL 33618
Residential, TAMPA, FL
Property Size1,287 SF
Lot Size0.13 Acres
Price / SF$209.71
Days on Market29
Property Features for 3244 LAUREL DALE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Dining Room, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
Window features
Blinds, Drapes
Patio and Porch features
Patio
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Garden, Private Yard, Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Subdivision
NORTH LAKES SEC I UNIT
Lot features
Sidewalk, Paved
Elementary school
Schwarzkopf-HB
Middle school
Martinez-HB
High school
Gaither-HB
Directions
Take middle ramp onto I-275 N (SR-400) toward I-4 E. Take exit 53 toward Bearss Ave/SR-678 W. Turn left onto Bearss Ave (SR-678 W). Turn right onto Dale Mabry Hwy (SR-597 N). Turn right onto N Lakeview Dr.
Standard status
Active
APN
U-22-27-18-0KM-000003-00017.0
Size
1,287 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAKES SECTION I UNIT NO 3 LOT 17 BLOCK 3
Tax Annual Amount
4890
Legal Description
NORTH LAKES SECTION I UNIT NO 3 LOT 17 BLOCK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
covered and screened patio
private yard
exterior storage
Building Details
Year built
1984
Floors in Building
1
Flooring type
Linoleum
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Thomas Nickley, Jr · License #3275393
(321) 945-1152
Added: Aug 13
Changed: Sep 10
Last Checked: Sep 10 at 6:06PM
MLS# O6432611
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 single-story half duplex at 3244 Laurel Dale Drive provides 1,287 square feet of living space with three bedrooms and two bathrooms. Built in 1984, the residence combines living and dining areas, a main-level primary bedroom, vaulted ceilings, walk-in closet space, and a screened patio. The air conditioning system was replaced in 2026, while the water heater dates to 2023. A fenced yard, exterior storage, sidewalk, and garden area add functional outdoor features. Construction includes block, concrete, and stucco, with public water and public sewer service.
The property occupies 0.13 acres in the Carrollwood area of Tampa. Neighborhood shopping, restaurants, parks, schools, and everyday services are nearby, while major roadways connect the area with other Tampa destinations and the greater Tampa Bay region. Zoning is PD.
The property occupies 0.13 acres in the Carrollwood area of Tampa. Neighborhood shopping, restaurants, parks, schools, and everyday services are nearby, while major roadways connect the area with other Tampa destinations and the greater Tampa Bay region. Zoning is PD.
Key Highlights
- 3‑bedroom, 2‑bath half duplex with 1,287 square feet
- 0.13‑acre lot in the Carrollwood area of Tampa
- Air conditioning system replaced in 2026; water heater replaced in 2023
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
$15,022
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
5.57%
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%
$300,440
$300.4K
Cap Rate 7%
$214,600
$214.6K
Cap Rate 9%
$166,911
$166.9K
Market Conditions
NOI Build-Up for 1,287 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
$23.0K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.5K $16.67/SF
− OpEx
−$6.4K −$5.00/SF
NOI
$15.0K $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%
$300,440
Cap Rate 7%
$214,600
Cap Rate 9%
$166,911
Alternative Uses
Best Use
Multifamily LT 5
$214.6K
$187.8K – $250.4K
NOI $15,022 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$199.5K
$174.6K – $232.8K
NOI $13,967 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$299.8K
$262.4K – $349.8K
NOI $20,988 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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 - Three-bedroom half duplex with updated major systems, screened outdoor living, and a fenced yard in Carrollwood.
Where is this duplex located?
The property is located at 3244 LAUREL DALE Drive Tampa, FL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath half duplex with 1,287 square feet; 0.13‑acre lot in the Carrollwood area of Tampa; Air conditioning system replaced in 2026; water heater replaced in 2023
