Duplex Property with
For Sale
$500,000
816 W COUNTRY CLUB Drive, Tampa, FL 33612
Residential Income, TAMPA, FL
Property Size1,725 SF
Lot Size0.57 Acres
Price / SF$289.86
Days on Market8
Property Features for 816 W COUNTRY CLUB Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-60
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 3
Pets allowed
Yes, Cats OK, Dogs OK
Interior features
Open Floorplan, Primary Bedroom Main Floor
Exterior features
Private Mailbox, Storage
Subdivision
HAMNERS W E FOREST ACRES
Directions
Head north on I-275 N. Use the 2nd from the right lane to take exit 51 for FL-582 W. Use the left lane to turn left onto FL-582 W/E Fowler Ave. Continue straight onto W Country Club Dr
Special listing conditions
Short Sale
Standard status
Active
APN
A-13-28-18-3C7-000003-00016.0
Size
1,725 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
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
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1937
Number of units
2
Building materials
Block
Roof type
Metal
Additional Structures
Storage
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Kristen Mendez · License #3352686
(727) 314-2696
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 11:06AM
MLS# TB8546581
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 duplex property includes 1,725 square feet on a 0.57-acre parcel in Tampa. The home has three bedrooms, two bathrooms, a laundry room, an open floorplan, and a primary bedroom on the main floor. Block construction, a metal roof, central heating, central air, and exterior storage are among the existing features. The property is offered as-is and may require repairs.
Public water and public sewer serve the property, which was built in 1937. Its Tampa setting provides access to downtown Tampa, Tampa International Airport, USF, Busch Gardens, and local amenities. RS-60 zoning applies to the site.
Public water and public sewer serve the property, which was built in 1937. Its Tampa setting provides access to downtown Tampa, Tampa International Airport, USF, Busch Gardens, and local amenities. RS-60 zoning applies to the site.
Key Highlights
- 0.57‑acre parcel with 1,725 square feet of building area
- Three‑bedroom, two‑bathroom home with laundry room
- Block construction with metal roof
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
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 - RS-60-zoned property with public water, public sewer, and central HVAC.
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: 0.57‑acre parcel with 1,725 square feet of building area; Three‑bedroom, two‑bathroom home with laundry room; Block construction with metal roof
