For Sale
$750,000
1002 DANIELS Street, Dundee, FL 33838
Commercial Sale, DUNDEE, FL
Property Size3,606 SF
Lot Size2.68 Acres
Price / SF$207.99
Days on Market151
Property Features for 1002 DANIELS Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI-FAMI
Subdivision
NOT IN SUBDIVISION
Directions
US HWY Route 27 to left on Lincoln Ave, then right on Daniels St to dirt road on the corner of Daniels and Fouse Street. Main 10 Studios building is on the left and Single family house is on the right side of the property.
Standard status
Active
APN
27-28-33-000000-031030
Size
3,606 SF
Lot size
2.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG NW COR OF SE1/4 OF NE1/4 OF NW1/4 RUN E 247PT6 FT S 8 DEG 23 MIN 59 SEC E 334PT97 FT N 71 DEG 29 MIN W 309PT88 FT N 234PT36 FT TO POB & S 160 FT OF NE1/4 OF NE1/4 OF NW1/4 OF SEC LYING W OF SEABOARD COAST LINE RR R/W LESS RD R/W
Tax Annual Amount
10339
Legal Description
BEG NW COR OF SE1/4 OF NE1/4 OF NW1/4 RUN E 247PT6 FT S 8 DEG 23 MIN 59 SEC E 334PT97 FT N 71 DEG 29 MIN W 309PT88 FT N 234PT36 FT TO POB & S 160 FT OF NE1/4 OF NE1/4 OF NW1/4 OF SEC LYING W OF SEABOARD COAST LINE RR R/W LESS RD R/W
Utilities
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1938
Floors in Building
1
Number of units
11
Building materials
Block, Brick, Vinyl Siding
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Noman Syed · License #3410432
(856) 577-8083
Added: Apr 5
Changed: Aug 24
Last Checked: Sep 2 at 12:06AM
MLS# O6396460
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.
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
$34,156
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
4.55%
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%
$683,120
$683.1K
Cap Rate 7%
$487,943
$487.9K
Cap Rate 9%
$379,511
$379.5K
Market Conditions
NOI Build-Up for 3,606 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
$66.2K $18.36/SF
− Vacancy
−$4.1K −$1.14/SF
EGI
$62.1K $17.22/SF
− OpEx
−$27.9K −$7.75/SF
NOI
$34.2K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$683,120
Cap Rate 7%
$487,943
Cap Rate 9%
$379,511
Alternative Uses
Best Use
Apartment 5plus
$487.9K
$427.0K – $569.3K
NOI $34,156 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.6K
$758.2K – $1.01M
NOI $60,659 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 33838, FL
5,243
Population
2,162
Households
2.4
Avg Household Size
38
Median Age
9%
College-Educated
80%
High-School Grad
7.3 sq mi
ZIP Area
718
Density / Sq Mi
$44,514
Median Household Income
$28,286
Median Earnings
$1,600
Median Rent
$230,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this apartment building located?
The property is located at 1002 DANIELS Street Dundee, FL.
What is the asking price?
The asking price for this property is $750,000.
