Duplex Villa with Two-Car
For Sale
$299,900
8509 ALEXANDRA ARBOR Lane, Tampa, FL 33637
MULTI_FAMILY - TAMPA, FL
Property Size1,520 SF
Lot Size0.20 Acres
Price / SF$197.30
Days on Market13
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
Laundry Room, Bathroom 1, Dining Room, Bedroom 2, Bathroom 2, Laundry Room, Family Room, Bedroom 3, Bedroom 1
Parking features
Open
Security features
Security System
Window features
Aluminum Frames, Blinds, Window Treatments
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
French Doors, 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
Active
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), Exhaust Fan (Heating), Central, Heat Pump (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
(813) 580-8113
Listed By:
Kevin Robles · License #342349
(813) 580-8113
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 9 at 10:06AM
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 duplex property features a 3-bedroom, 2-bath villa with an attached two-car garage. Built in 2003, the home is designed for low-maintenance living and is vacant and ready for immediate occupancy. Interior finishes include tile flooring, crown molding, ceiling fans, stone counters, a primary bedroom on the main floor, and walk-in closet space.
The home is heated and cooled with central systems, and includes features such as a central vacuum, French doors, and a porch. Appliances listed include a dishwasher, disposal, microwave, range, refrigerator, electric water heater, water softener, and exhaust fan. The exterior includes block and stucco construction, a shingle roof, and sidewalk.
Set on a 0.2-acre lot, the villa provides an oversized rear yard that is landscaped. Utilities include public water and public sewer, supporting a straightforward connection for future residents.
The home is heated and cooled with central systems, and includes features such as a central vacuum, French doors, and a porch. Appliances listed include a dishwasher, disposal, microwave, range, refrigerator, electric water heater, water softener, and exhaust fan. The exterior includes block and stucco construction, a shingle roof, and sidewalk.
Set on a 0.2-acre lot, the villa provides an oversized rear yard that is landscaped. Utilities include public water and public sewer, supporting a straightforward connection for future residents.
Key Highlights
- Two‑car garage attached to the villa
- Vacant and ready for immediate occupancy
- 3‑bedroom, 2‑bath layout with primary bedroom on the main floor
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
5.92%
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 5.92%
Second Best
Apartment 5plus
$235.7K
$206.2K – $274.9K
NOI $16,496 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$354.1K
$309.9K – $413.1K
NOI $24,788 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Low-maintenance 3-bedroom, 2-bath villa with a two-car garage, central air, and an oversized landscaped rear yard.
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 $299,900.
What are key features of this property?
This property features: Two‑car garage attached to the villa; Vacant and ready for immediate occupancy; 3‑bedroom, 2‑bath layout with primary bedroom on the main floor
