Concrete Block
For Sale
$240,000
9610 N 12TH STREET, Tampa, FL 33612
Vacant units feature private entrances, separate metering, and in-unit laundry hookups.
Property Size1,080 SF
Price / SF$222.22
Days on Market14
Property Features for 9610 N 12TH STREET
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-unit laundry hookups
0.14 acres, Dimensions: 60x100
Shingle
Public Sewer
Additional parcels description:, Parcel Number: A-19-28-19-453-K00000-00019.0, Public Survey Range: 19, Public Survey Section: 19, Annual Amount: $3,348.19, Tax Block: K, Tax Book Number: 10-32, Legal Description: CASTLE HEIGHTS MAP LOTS 19 AND 20 BLOCK K, Lot: 19, Year: 2025, Zoning: RS-50
Wall/Window Unit(s)
Ductless
Listing ID: MFRS5154888, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-03, 1 day on market, Special Conditions: None
2 total bedrooms
Built in 1970, Living area: 1080, Living area units: Square Feet, Construction Materials: Block
Subdivision: CASTLE HEIGHTS MAP, MLS Area (Major): 33612 - Tampa / Forest Hills, County/Parish: Hillsborough
2 total bathrooms
Electricity Connected, Water Connected, Water Source: Public
Slab
Road Surface: Asphalt
Lighting
Ceiling Fans(s), Living Room/Dining Room Combo
Building Details
Year Built
1970
Construction
concrete block
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Paola Diaz Lozada · License #3525414
Source:
Miharaandassociates
Added: Aug 3
Changed: Aug 16
Last Checked: Aug 16 at 7:17AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This concrete block duplex contains two 1-bedroom/1-bathroom units, each with its own entrance, separate meter, and hookups for in-unit laundry. Both residences are vacant, providing immediate flexibility for occupancy or leasing decisions. The property was built in 1970 and measures 1,080 square feet.
Located at 9610 N 12TH STREET in Tampa, the property is in North Tampa near USF and Busch Gardens, with major highways, shopping, and dining a short distance away. The site also includes a generous lot, adding to the overall residential configuration.
Located at 9610 N 12TH STREET in Tampa, the property is in North Tampa near USF and Busch Gardens, with major highways, shopping, and dining a short distance away. The site also includes a generous lot, adding to the overall residential configuration.
Key Highlights
- Two 1‑bedroom/1‑bathroom units in a duplex configuration
- Concrete block construction; built in 1970
- Each unit has a private entrance and separate meter
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
$12,606
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
5.25%
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%
$252,120
$252.1K
Cap Rate 7%
$180,086
$180.1K
Cap Rate 9%
$140,067
$140.1K
Market Conditions
NOI Build-Up for 1,080 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
$19.3K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$18.0K $16.67/SF
− OpEx
−$5.4K −$5.00/SF
NOI
$12.6K $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%
$252,120
Cap Rate 7%
$180,086
Cap Rate 9%
$140,067
Alternative Uses
Best Use
Multifamily LT 5
$180.1K
$157.6K – $210.1K
NOI $12,606 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$246.0K
$215.3K – $287.0K
NOI $17,221 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
896
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
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 units feature private entrances, separate metering, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 9610 N 12TH STREET Tampa, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two 1‑bedroom/1‑bathroom units in a duplex configuration; Concrete block construction; built in 1970; Each unit has a private entrance and separate meter
