Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Elegant Home with Modern Touches Title is generated by Realmo AI

    9416 CITRUS GLEN PLACE, Tampa, FL 33618

    View on Map
    Claim this Listing
    For Sale
    $225,000

    Move-in ready home featuring new appliances and updated flooring.

    Type:Condo/Townhome
    Property size:
    1,633 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $137/SF
    Added:
    Mar 23, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 6 at 12:05 am

    Property Features for 9416 CITRUS GLEN PLACE

    General Information

    Standard status
    Active
    Size
    1,633 SF
    Lot size
    0.03 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    KAREN ALBRIGHT

    Listing agent KAREN ALBRIGHT License #3513925

    Listing office OPENDOOR BROKERAGE, LLC.

    Listing date Mar 23, 2026

    Source Exitrealty

    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 OPENDOOR BROKERAGE, LLC.

    HighLights

    • New stainless steel kitchen appliances.
    • Primary bathroom with double sinks.
    • Fresh paint throughout the interior.
    • Partial flooring replacement.
    • Built in 2007.
    • 100‑Day Home Warranty coverage available.

    Overview

    This property features a fresh coat of neutral paint throughout the interior. The kitchen is equipped with new stainless steel appliances. The primary bathroom includes double sinks. Partial flooring replacement has been completed, adding a modern touch to the space. A 100-Day Home Warranty coverage is available at closing. The property size is 1633 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $34.7k $21.24
    − Vacancy −$2.5k −$1.51
    EGI $32.2k $19.73
    − OpEx −$14.5k −$8.88
    NOI $17.7k $10.85
    1,633 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $253.2K
    $221.5K – $295.4K (±1% cap)
    NOI $17,722 @ 7.0% cap · market cap 7.88%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $380.4K
    $332.9K – $443.9K (±1% cap)
    NOI $26,631 @ 7.0% cap · market cap 11.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4839052
    Latitude
    28.0360293

    Nearby Similar for Sale

    • $780,000
      2,730 SF

      Updated Office Building in Tampa

      Professional office building in prime Carrollwood location with high visibility.
      13506 N ROME AVENUE, TAMPA, FL 33613
      View Details
    • $2,693,480
      15,844 SF

      Industrial Flex Facility with Showroom

      Owner-user industrial flex with high-clear warehouse, showroom/office, and multiple grade-level and receiving doors along a high-traffic corridor.
      9945 RACE TRACK ROAD, TAMPA, FL 33626
      View Details
    • $1,950,000
      6,780 SF

      Spacious Industrial Building on Large Lot

      6,780 SF commercial building on 1.8-acre lot in Tampa.
      5802 N OCCIDENT STREET, TAMPA, FL 33614
      View Details
    • $525,000
      2,112 SF

      Versatile Tampa Medical Office Building

      Move-in ready office building near USF, ideal for investors.
      13308 WINDING OAK COURT, TAMPA, FL 33612
      View Details
    • $1,650,000
      5,242 SF

      High-Exposure Commercial Building Near Busch Gardens

      Two-story commercial building with high visibility and strong income potential.
      3601 E Busch Boulevard, Tampa, FL 33612
      View Details
    • $1,500,000
      2,800 SF

      South Tampa Flex Building

      Flex building with three units, storage, and parking.
      5001 S MACDILL AVENUE, TAMPA, FL 33611
      View Details
    • $1,700,000
      3,990 SF

      Versatile Tampa Office Investment Opportunity

      Adaptable commercial space near St. Joseph's Hospital and Tampa Airport.
      4109 N ARMENIA, TAMPA, FL 33607
      View Details
    • $695,000
      3,000 SF

      Two-Story Office Condominium

      Flexible office and operational storage layout with abundant natural light and convenient access to major regional routes.
      3816 GUNN HIGHWAY, TAMPA, FL 33618
      View Details
    • $879,000
      1,435 SF

      Luxury Garage Condominium in Tampa

      Customizable 1,435 SF garage condo in premier motorsports community.
      6500 MOTOR ENCLAVE WAY, TAMPA, FL 33610
      View Details
    • $575,000
      1,528 SF

      Versatile Mixed-Use Property in Tampa

      High-visibility commercial property with flexibility and upside potential.
      2807 LOCICERO DRIVE, TAMPA, FL 33619
      View Details
    • $1,200,000
      6,780 SF

      Tampa Engineering Service Company Business

      50-year-old geotechnical engineering and construction materials testing firm for sale.
      5802 N OCCIDENT STREET, TAMPA, FL 33614
      View Details
    • $895,000
      3,189 SF

      Professional Office Building on Gunn Highway

      Well-maintained office building in a desirable Tampa location.
      8345 GUNN HIGHWAY, TAMPA, FL 33626
      View Details

    FAQs

    What type of property is this?
    Residential income property - Move-in ready home featuring new appliances and updated flooring.
    Where is this residential income property located?
    The property is located at 9416 CITRUS GLEN PLACE Tampa, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: New stainless steel kitchen appliances.; Primary bathroom with double sinks.; Fresh paint throughout the interior.
    (480) 462-5392
    We can help!
    Listing Contact
    KAREN ALBRIGHT
    Real Estate License ID: 3513925
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9416 CITRUS GLEN PLACE, TAMPA, FL 33618
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!