Three-Bedroom Duplex with
For Sale
$289,900
Pending
8509 ALEXANDRA ARBOR Lane, Tampa, FL 33637
Residential, TAMPA, FL
Property Size1,520 SF
Lot Size0.20 Acres
Days on Market39
Property Features for 8509 ALEXANDRA ARBOR Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Dining Room, Laundry Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Laundry Room
Parking features
Open
Security features
Security System
Window features
Blinds, Window Treatments, Aluminum Frames
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK
Interior features
Ceiling Fans(s), Central Vaccum, Crown Molding, Primary Bedroom Main Floor, Stone Counters, Walk-In Closet(s)
Exterior features
Sidewalk
Appliances
Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Water Softener
Subdivision
MEADOWOOD OAKS
Lot features
Cul-De-Sac, City Limits, Landscaped, Sidewalk, Paved
Directions
East on Bullard Parkway. Right on 78th Street. Left into Meadowood Oaks. Right on Alexandra Arbor Lane.
Standard status
Pending
APN
T-24-28-19-645-000000-00054.0
Size
1,520 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MEADOWOOD OAKS LOT 54
Tax Annual Amount
1772
Legal Description
MEADOWOOD OAKS LOT 54
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Heat Pump (Heating), Exhaust Fan (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
DOMAIN REALTY LLC
Listed By:
Kevin Robles · License #342349
(813) 580-8113
Added: Jul 28
Changed: Sep 3
Last Checked: Sep 4 at 3:06PM
MLS# TB8524413
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 1,520-square-foot duplex was built in 2003 and includes three bedrooms, two bathrooms, a family room, dining room, laundry room, and porch. Interior features include ceramic tile flooring, crown molding, stone counters, ceiling fans, a walk-in closet, and central air conditioning. The property also includes a two-car garage, kitchen appliances, and a landscaped rear yard with a private setting.
The 0.20-acre property has public water and public sewer service, block and stucco construction, a shingle roof, and PD zoning. It is currently vacant and available for immediate occupancy. Additional site features include a sidewalk and open parking.
The 0.20-acre property has public water and public sewer service, block and stucco construction, a shingle roof, and PD zoning. It is currently vacant and available for immediate occupancy. Additional site features include a sidewalk and open parking.
Key Highlights
- 1,520 SF duplex on a 0.20‑acre lot
- Three bedrooms and two bathrooms
- Two‑car garage and open parking
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
$17,742
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
6.12%
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%
$354,840
$354.8K
Cap Rate 7%
$253,457
$253.5K
Cap Rate 9%
$197,133
$197.1K
Market Conditions
NOI Build-Up for 1,520 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
$27.2K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.3K $16.67/SF
− OpEx
−$7.6K −$5.00/SF
NOI
$17.7K $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%
$354,840
Cap Rate 7%
$253,457
Cap Rate 9%
$197,133
Alternative Uses
Best Use
Multifamily LT 5
$253.5K
$221.8K – $295.7K
NOI $17,742 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$235.7K
$206.2K – $274.9K
NOI $16,496 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$354.1K
$309.9K – $413.1K
NOI $24,788 @ 7.0% cap · market cap 8.55%
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
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 33637, FL
18,070
Population
8,402
Households
2.2
Avg Household Size
34
Median Age
35%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,317
Density / Sq Mi
$60,526
Median Household Income
$40,997
Median Earnings
$1,531
Median Rent
$213,800
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?
Duplex - Vacant residential property with a landscaped rear yard, central air, and public water and sewer service.
Where is this duplex located?
The property is located at 8509 ALEXANDRA ARBOR Lane Tampa, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,520 SF duplex on a 0.20‑acre lot; Three bedrooms and two bathrooms; Two‑car garage and open parking
