Concrete Block
For Sale
$240,000
9610 N 12th St, Tampa, FL 33612
Vacant two-unit property with private entrances, separate meters, and in-unit laundry hookups.
Property Size1,080 SF
Price / SF$222.22
Days on Market16
Property Features for 9610 N 12th St
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1970
Buildings
1
Construction
concrete block
Listing Agency:
EXP REALTY LLC
Listed By:
Paola Diaz Lozada · License #3525414
(407) 698-0313
Source:
Fulcrum-residential
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 24 at 12:23PM
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 1,080 SF concrete block duplex, built in 1970, contains two 1-bedroom/1-bathroom units. Each residence has its own entrance, separate meter, and hookups for in-unit laundry. Both units are vacant, allowing the next owner to determine occupancy and leasing arrangements.
The property is located at 9610 N 12th St in Tampa’s North Tampa area, minutes from USF, Busch Gardens, major highways, shopping, and dining. The combination of individual utility metering, separate access, and a two-unit configuration provides a straightforward setup for an investor or owner-occupant.
The property is located at 9610 N 12th St in Tampa’s North Tampa area, minutes from USF, Busch Gardens, major highways, shopping, and dining. The combination of individual utility metering, separate access, and a two-unit configuration provides a straightforward setup for an investor or owner-occupant.
Key Highlights
- Two 1‑bedroom/1‑bathroom units
- 1,080 SF concrete block duplex
- Built in 1970
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
717
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with private entrances, separate meters, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 9610 N 12th St 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; 1,080 SF concrete block duplex; Built in 1970
