Duplex on Expansive
New
For Sale
$500,000
816 W COUNTRY CLUB DRIVE, Tampa, FL 33612
Two-unit residential property offered in as-is condition with access to Tampa employment, education, and entertainment destinations.
Property Size1,725 SF
Price / SF$289.86
Days on Market7
Property Features for 816 W COUNTRY CLUB DRIVE
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Duplex
Amenities
0.57 acres, Dimensions: 113x171
Metal
Public Sewer
Additional parcels description:, Parcel Number: A-13-28-18-3C7-000003-00016.0, Public Survey Range: 18, Public Survey Section: 13, Tax Block: 3, Tax Book Number: 26-44, Legal Description: HAMNER'S W E FOREST ACRES LOT BEG AT NW COR OF LOT 16 AND RUN E 131.25 FT S 125 FT S 6 DEG 05.5 MIN TO A PT 10.77 FT S OF S BDRY OF LOT 16 RUN W P/L TO S BDRY OF LOT 16 TO W BDRY OF LOT 15 AND N 171.54 FT TO BEG LESS THAT PT OF SD PARCEL DESC AS BEG AT NW COR OF LOT 16 RUN THN ELY ALG NLY BDRY 23.91 FT THN SWLY 37.76 FT TO PT ON WLY BDRY SD PT LYING 28.97 FT SLY OF NW COR THN NLY ALG WLY BDRY 28.97 FT TO POB BLOCK 3, Lot: 16, Year: 2025, Zoning: RS-60
Central Air
Central
Laundry Room
Listing ID: MFRTB8546581, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-15, 1 day on market, Special Conditions: Short Sale
1 carport space
3 total bedrooms
Built in 1937, Living area: 1725, Living area units: Square Feet, Construction Materials: Block
Subdivision: HAMNERS W E FOREST ACRES, MLS Area (Major): 33612 - Tampa / Forest Hills, County/Parish: Hillsborough
2 total bathrooms
Electricity Connected, Water Source: Public
Slab
Allowed: Cats OK, Dogs OK, Yes
Road Surface: Concrete
Private Mailbox, Storage
Open Floorplan, Primary Bedroom Main Floor
Building Details
Year Built
1937
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Kristen Mendez · License #3352686
(727) 314-2696
Source:
Miharaandassociates
Added: Sep 15
Changed: Sep 20
Last Checked: Sep 20 at 9:20AM
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 FUTURE HOME REALTY INC
Investment Insights
Based on property information with market context.
This duplex offers 1,725 square feet of residential space on more than half an acre. Built in 1937, the property is being offered in as-is condition and may require repairs for financing or insurance approval. The offering is subject to short-sale approval, with buyer approval potentially taking months.
The property is located in Tampa with access to downtown Tampa, Tampa International Airport, the University of South Florida, Busch Gardens, and local amenities. Cash or hard-money financing is preferred, while other financing may be considered if the buyer is prepared to complete required repairs.
The property is located in Tampa with access to downtown Tampa, Tampa International Airport, the University of South Florida, Busch Gardens, and local amenities. Cash or hard-money financing is preferred, while other financing may be considered if the buyer is prepared to complete required repairs.
Key Highlights
- Duplex with 1,725 square feet of residential space
- More than half an acre of land
- 1937 construction
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
$20,135
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
4.03%
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%
$402,700
$402.7K
Cap Rate 7%
$287,643
$287.6K
Cap Rate 9%
$223,722
$223.7K
Market Conditions
NOI Build-Up for 1,725 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
$30.8K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.8K $16.67/SF
− OpEx
−$8.6K −$5.00/SF
NOI
$20.1K $11.67/SF
Area
ZIP 33612
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%
$402,700
Cap Rate 7%
$287,643
Cap Rate 9%
$223,722
Alternative Uses
Best Use
Multifamily LT 5
$287.6K
$251.7K – $335.6K
NOI $20,135 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,721 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$392.9K
$343.8K – $458.4K
NOI $27,506 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
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 - Two-unit residential property offered in as-is condition with access to Tampa employment, education, and entertainment destinations.
Where is this duplex located?
The property is located at 816 W COUNTRY CLUB DRIVE Tampa, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex with 1,725 square feet of residential space; More than half an acre of land; 1937 construction
