Ground Floor Unit in
For Sale
$74,900
8325 112TH St 106, Seminole, FL 33772
Ground floor unit in 55+ community near beaches.
Property Size608 SF
Lot Size0.26 Acres
Days on Market266
Property Features for 8325 112TH St 106
General Information
Standard status
Active
Size
608 SF
Lot size
0.26 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$910
Building Details
Building Size
608 SF
Year Built
1966
Stories
1
Listing Agency:
RIDGE SEMINOLE MGMNT CORP
(727) 397-2534
Listed By:
Kathy Haugh · License #426211
(727) 397-2534
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 10
Last Checked: Aug 21 at 11:22AM
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 RIDGE SEMINOLE MGMNT CORP
Investment Insights
Based on property information with market context.
This ground floor unit is located across the street from the Peacock Center and the heated pool. The kitchen features ample storage above and below the counter, and all appliances are included. Situated in a non-flood and non-evacuation zone in Pinellas County, the unit includes a closed-in porch and window treatments. The property is located close to Seminole City Center for shopping, dining, and a movie theater. This is a 55+ community with a free shuttle bus service five days a week for residents. The location is convenient to two major airports and approximately 4 miles from Redington Shores Beach. Seminole Gardens is suitable as an investment or vacation property.
Key Highlights
- Highly desirable ground floor unit.
- Located in a non‑flood and non‑evacuation zone in Pinellas County.
- Across the street from the Peacock Center and heated pool.
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
$5,592
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
7.47%
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%
$111,840
$111.8K
Cap Rate 7%
$79,886
$79.9K
Cap Rate 9%
$62,133
$62.1K
Market Conditions
NOI Build-Up for 608 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
$10.9K $18.00/SF
− Vacancy
−$777 −$1.28/SF
EGI
$10.2K $16.72/SF
− OpEx
−$4.6K −$7.52/SF
NOI
$5.6K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /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%
$111,840
Cap Rate 7%
$79,886
Cap Rate 9%
$62,133
Alternative Uses
Best Use
Apartment 5plus
$79.9K
$69.9K – $93.2K
NOI $5,592 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.1K
$138.4K – $184.5K
NOI $11,070 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 33772, FL
24,121
Population
12,340
Households
2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
4,551
Density / Sq Mi
$74,026
Median Household Income
$46,187
Median Earnings
$1,454
Median Rent
$327,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ground floor unit in 55+ community near beaches.
Where is this apartment building located?
The property is located at 8325 112TH St 106 Seminole, FL.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Highly desirable ground floor unit.; Located in a non‑flood and non‑evacuation zone in Pinellas County.; Across the street from the Peacock Center and heated pool.
