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

    416 S MULRENNAN ROAD Valrico, FL 33594

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $230,000

    Triplex on a large lot in the heart of Valrico.

    Type:Multi Family
    Property size:
    1,782 SF
    Lot size:
    0.24 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 26 at 1:35 am

    Property Features for 416 S MULRENNAN ROAD

    General Information

    Standard status
    Active
    Size
    1,782 SF
    Lot size
    0.24 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Randal Jenkins
    Randal Jenkins

    Listing agent Randal Jenkins License #3197775

    Listing office FLORIDA REAL ESTATE PARTNERS

    Listing date Mar 24, 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 FLORIDA REAL ESTATE PARTNERS

    Overview

    Valrico Triplex on Large Lot

    This property features a triplex configuration, including a double-wide duplex and a frame home. The property has functioned as a triplex for several years and is currently vacant. Situated on a lot with mature shade trees in the heart of Valrico, the property is free of HOA, CDD, and deed restrictions. The 1,782 square foot property could potentially be used as a duplex mobile home with an in-law suite. This is a corporate-owned property, and the seller has never seen or occupied the premises.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Pharmacy Storage Facility Accounting Firm Electrical Service Furniture & Home Goods Car Rental Facility Barber Shop Wine and Liquor Store Tech Support Center Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Valrico
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.237
    Latitude
    27.9126

    Nearby Similar for Sale

    • $599,500
      2,311 SF

      Valrico Office on Lithia Pinecrest

      PD-zoned property with frontage on Lithia Pinecrest Road.
      2109 LITHIA PINECREST ROAD, VALRICO, FL 33596
      View Details
    • $1,195,000
      4,488 SF

      Valrico Retail Property on SR-60

      Freestanding 4,488 SF retail building on 1.16 acres.
      2617 E BRANDON BOULEVARD, VALRICO, FL 33594
      View Details
    • $525,000
      780 SF

      Versatile Mixed-Use Property in VALRICO

      Nearly one-acre property zoned for business, office, or residential use.
      105 S SAINT CLOUD AVENUE, VALRICO, FL 33594
      View Details
    • $495,000
      2,036 SF

      Valrico Multi-Family Investment Opportunity

      Licensed group home with income potential in Valrico, Florida.
      322 REGAL PARK DRIVE, VALRICO, FL 33594
      View Details
    • $275,000
      1,534 SF

      Valrico Duplex Investment Opportunity

      Well-maintained duplex with immediate income potential in Valrico, Florida.
      3614 PINE KNOT DRIVE, VALRICO, FL 33596
      View Details
    • $750,000
      6,016 SF

      Operating Car Wash and Retail

      Car wash and retail center in Tampa for sale.
      113 S VALRICO ROAD, VALRICO, FL 33594
      View Details
    • $175,000
      1,050 SF

      Established Nutrition Shop in Valrico

      Nutrition shop in high-traffic plaza with consistent income.
      3240 Lithia Pinecrest Rd, Valrico, FL 33596
      View Details
    • $4,250,000
      45,071 SF

      Tampa Self-Storage Portfolio Opportunity

      Self-storage portfolio in Tampa, Florida with upside potential.
      2108 Jelane Dr, Valrico, FL 33594
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex on a large lot in the heart of Valrico.
    Where is this triplex located?
    The property is located at 416 S MULRENNAN ROAD Valrico, FL.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Great Location in the Heart of Valrico; Large Lot with Mature Shade Trees; Potential for Duplex with In‑Law Suite or Mobile Home
    (727) 409-4663
    We can help!
    Listing Contact
    Randal Jenkins
    Randal Jenkins
    Real Estate License ID: 3197775
    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!