One-Bedroom Residential Income
New
For Sale
$225,000
4207 S DALE MABRY HIGHWAY #6410, Tampa, FL 33611
Maintained condominium with two dedicated storage units, community pool, fitness center, and landscaped grounds.
Property Size867 SF
Price / SF$259.52
Days on Market5
Property Features for 4207 S DALE MABRY HIGHWAY #6410
General Information
Standard status
Active
Size
867 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
pool
fitness center
landscaped grounds
dedicated storage units
Building Details
Year Built
2001
Listing Agency:
AVENUE HOMES LLC
(833) 499-2980
Listed By:
Maria Gomez Paez · License #3654779
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 7 at 7:15AM
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 AVENUE HOMES LLC
Investment Insights
Based on property information with market context.
This maintained one-bedroom, one-bath condominium provides 867 square feet of living space in a residential income property setting. The interior includes an open layout, and the unit comes with two dedicated storage units. Built in 2001, the property combines residential functionality with access to shared community amenities.
Residents have use of a swimming pool, fitness center, and landscaped grounds. The condominium is located at 4207 S Dale Mabry Highway in Tampa, with Downtown Tampa, Bayshore Boulevard, Hyde Park, shopping, dining, entertainment, and major highways described as minutes away. The property is positioned for use as a primary residence or investment.
Residents have use of a swimming pool, fitness center, and landscaped grounds. The condominium is located at 4207 S Dale Mabry Highway in Tampa, with Downtown Tampa, Bayshore Boulevard, Hyde Park, shopping, dining, entertainment, and major highways described as minutes away. The property is positioned for use as a primary residence or investment.
Key Highlights
- 867‑square‑foot one‑bedroom, one‑bath condominium
- Two dedicated storage units included
- Community swimming pool and fitness center
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
$9,409
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
4.18%
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%
$188,180
$188.2K
Cap Rate 7%
$134,414
$134.4K
Cap Rate 9%
$104,544
$104.5K
Market Conditions
NOI Build-Up for 867 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
$18.4K $21.24/SF
− Vacancy
−$1.3K −$1.51/SF
EGI
$17.1K $19.73/SF
− OpEx
−$7.7K −$8.88/SF
NOI
$9.4K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /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%
$188,180
Cap Rate 7%
$134,414
Cap Rate 9%
$104,544
Alternative Uses
Best Use
Apartment 5plus
$134.4K
$117.6K – $156.8K
NOI $9,409 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$202.0K
$176.7K – $235.7K
NOI $14,139 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 33611, FL
34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Maintained condominium with two dedicated storage units, community pool, fitness center, and landscaped grounds.
Where is this residential income property located?
The property is located at 4207 S DALE MABRY HIGHWAY #6410 Tampa, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 867‑square‑foot one‑bedroom, one‑bath condominium; Two dedicated storage units included; Community swimming pool and fitness center
