Renovated
For Sale
$394,999
6625 S WEST SHORE Boulevard, Tampa, FL 33616
Residential Income, TAMPA, FL
Property Size1,832 SF
Lot Size0.12 Acres
Price / SF$215.61
Days on Market240
Property Features for 6625 S WEST SHORE Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Off Street
Window features
Window Treatments, Double Pane Windows
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Open Floorplan, Window Treatments
Exterior features
Fence
Fencing
Fenced
Appliances
Dryer, Electric Water Heater, Range, Refrigerator
Subdivision
WEST PORT
Lot features
Near Public Transit, Paved
Elementary school
Lanier-HB
Middle school
Madison-HB
High school
Robinson-HB
Directions
From Gandy, head south on Westshore to the address on the right
Standard status
Active
APN
A-17-30-18-42D-000021-00007.0
Size
1,832 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WESTPORT LOT 7 AND E 1/2 OF CLOSED ALLEY ABUTTING ON W BLOCK 21
Tax Annual Amount
4354
Legal Description
WESTPORT LOT 7 AND E 1/2 OF CLOSED ALLEY ABUTTING ON W BLOCK 21
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
SEXAUER REAL ESTATE INTL.
(727) 641-3644
Listed By:
Steve Sexauer · License #3165433
(727) 641-3644
Added: Jan 3
Changed: Aug 20
Last Checked: Aug 31 at 8:06AM
MLS# TB8460599
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 South Tampa duplex contains 1,832 square feet across two residences on a 0.12-acre corner parcel. Built in 1973, the property has undergone comprehensive renovations, including shingle roofing, updated windows, vinyl flooring, remodeled galley kitchens, refreshed bathrooms, and in-unit laundry rooms with storage. Block and stucco construction, central heating and cooling, porches, fencing, and public water and sewer complete the physical profile.
Both residences are leased to established long-term tenants. The property is located at 6625 S West Shore Boulevard in Tampa, with access to MacDill Air Force Base, downtown Tampa, South Tampa retail and dining, the Gandy Bridge, and the Selmon Expressway within minutes. RM-16 zoning is identified for the parcel.
Both residences are leased to established long-term tenants. The property is located at 6625 S West Shore Boulevard in Tampa, with access to MacDill Air Force Base, downtown Tampa, South Tampa retail and dining, the Gandy Bridge, and the Selmon Expressway within minutes. RM-16 zoning is identified for the parcel.
Key Highlights
- 1,832‑square‑foot duplex on a 0.12‑acre corner parcel
- Both residences are fully leased to established long‑term tenants
- Renovations include roofs, windows, vinyl flooring, kitchens, and 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
$21,384
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
5.41%
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%
$427,680
$427.7K
Cap Rate 7%
$305,486
$305.5K
Cap Rate 9%
$237,600
$237.6K
Market Conditions
NOI Build-Up for 1,832 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
$32.8K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.5K $16.67/SF
− OpEx
−$9.2K −$5.00/SF
NOI
$21.4K $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%
$427,680
Cap Rate 7%
$305,486
Cap Rate 9%
$237,600
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.4K
NOI $19,882 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$426.8K
$373.5K – $497.9K
NOI $29,876 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 33616, FL
14,802
Population
7,068
Households
2.1
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,795
Density / Sq Mi
$88,971
Median Household Income
$54,946
Median Earnings
$1,794
Median Rent
$369,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated rental residences occupy a fenced corner parcel with separate laundry rooms and off-street parking.
Where is this duplex located?
The property is located at 6625 S WEST SHORE Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $394,999.
What are key features of this property?
This property features: 1,832‑square‑foot duplex on a 0.12‑acre corner parcel; Both residences are fully leased to established long‑term tenants; Renovations include roofs, windows, vinyl flooring, kitchens, and bathrooms
