Move-In Ready Townhome with
For Sale
$300,000
34196 POLACCA LANE, Wesley Chapel, FL 33543
Well-maintained townhome with modern features and community amenities.
Property Size1,555 SF
Lot Size0.07 Acres
Price / SF$192.93
Days on Market581
Property Features for 34196 POLACCA LANE
General Information
Standard status
Active
Size
1,555 SF
Lot size
0.07 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$4,992
Building Details
Year Built
2023
Listing Agency:
SIGNATURE REALTY ASSOCIATES
(813) 294-4464
Listed By:
Christina Barone · License #3071067
(813) 294-4464
Source:
Exitrealty
Added: Jan 9, 2025
Changed: Aug 8
Last Checked: Aug 12 at 5:02AM
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 SIGNATURE REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
This move-in ready townhome is located in the Townhomes at River Landing. The property features 3 bedrooms, 2.5 baths, and a 1-car garage with built-in racks. The home offers 1,555 square feet of living space with natural light. The first floor has an open floor plan with a living room and dining room combination, plus a half bath and under-stair storage. The open kitchen includes cabinetry, quartz countertops, stainless steel appliances, an island, a breakfast bar, and a large pantry. The kitchen opens to a living room with access to a private backyard and patio. The second floor includes a master suite with a walk-in closet and a master bath with a shower and his and hers quartz vanity areas. There are two additional bedrooms upstairs, along with another full bath and a laundry room. The Townhomes at River Landing amenities include a pool, park, and dog park. The HOA fee covers exterior and lawn maintenance, and community pool access. The property is close to I-75, I-275, Morris Bridge Road, shopping, Tampa Premium Outlets, Wiregrass Mall, dining, schools, hospitals, golf courses, and Tampa Airport.
Key Highlights
- Like‑new, well‑maintained townhome built in 2023 in the desirable Townhomes at River Landing.
- Features 3 bedrooms, 2.5 baths, and a 1‑car garage with built‑in racks, offering 1,555 sq ft of living space.
- Modern kitchen boasts Quartz countertops, stainless steel appliances, island, breakfast bar, and large pantry.
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
$14,301
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
4.77%
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%
$286,020
$286.0K
Cap Rate 7%
$204,300
$204.3K
Cap Rate 9%
$158,900
$158.9K
Market Conditions
NOI Build-Up for 1,555 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
$28.0K $18.00/SF
− Vacancy
−$2.0K −$1.28/SF
EGI
$26.0K $16.72/SF
− OpEx
−$11.7K −$7.52/SF
NOI
$14.3K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$286,020
Cap Rate 7%
$204,300
Cap Rate 9%
$158,900
Alternative Uses
Best Use
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,301 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.2K
$309.9K – $413.3K
NOI $24,795 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 33543, FL
34,953
Population
14,197
Households
2.5
Avg Household Size
39
Median Age
51%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
1,329
Density / Sq Mi
$107,565
Median Household Income
$55,894
Median Earnings
$2,138
Median Rent
$365,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained townhome with modern features and community amenities.
Where is this residential income property located?
The property is located at 34196 POLACCA LANE Wesley Chapel, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Like‑new, well‑maintained townhome built in 2023 in the desirable Townhomes at River Landing.; Features 3 bedrooms, 2.5 baths, and a 1‑car garage with built‑in racks, offering 1,555 sq ft of living space.; Modern kitchen boasts Quartz countertops, stainless steel appliances, island, breakfast bar, and large pantry.
