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    1002 Daniels St Dundee, FL 33838

    Sponsored
    For Sale
    $949,000

    Multi Family - DUNDEE, FL

    Property size:
    3,606 SF
    Lot size:
    2.68 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 1002 Daniels St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Security features
    Closed Circuit Camera(s), Smoke Detector(s)
    Zoning
    AG
    Rooms
    Bedroom 1, Bedroom 2
    Bedrooms
    2
    APN
    27-28-33-000000-031030
    Parking features
    Open, Oversized
    Interior features
    Ceiling Fans(s)
    Exterior features
    Lighting
    Appliances
    Range, Refrigerator
    Size
    3,606 SF
    Lot size
    2.68 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1938
    Number of units
    11
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Noman Syed

    Charles Rutenberg Realty Orlando LLC (407) 622-2122 [email protected]

    Listing agent Noman Syed (407) 622-2122 License #3410432

    Listing date Jan 2, 2026

    MLS# O6349928 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Multi-Family Property

    This multi-family property presents a unique income-producing opportunity. It features 11 units, including 10 studios and a single-family house with 2 bedrooms and 1 bathroom, situated on a 2.68-acre lot. There is room to grow, with allowances for up to 49 units. The main apartment building has a new roof as of November 2023 and a new water heater as of February 2024. The single-family house has a new roof as of September 2024. The main apartment building was built in 1965, and the single-family house was built in 1938. The property offers easy access to amenities, restaurants, shopping, and medical facilities. It is located minutes from US Hwy Route 27, approximately 10-15 minutes from Legoland, and about 45-50 minutes from Disney, Universal, Sea World, and Orlando International Airport. The property has a solid income history and is located in Dundee, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dundee
    County
    Polk
    State
    Florida
    Longitude
    -81.621262
    Latitude
    28.009323

    Nearby Similar for Sale

    • New
      $298,900
      1,994 SF

      Versatile Mixed-Use Downtown Opportunity

      Prime downtown location with recent updates, ideal for various businesses.
      312 E Main St, Dundee, FL 33838
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-family property with 11 units on 2.68 acres.
    Where is this apartment building located?
    The property is located at 1002 Daniels St Dundee, FL.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: - Income-producing multi-family property featuring 11 units: 10 studios and 1 single-family house.; - Large 2.68-acre property with potential to build up to 49 units.; - New roofs on both the main apartment building (Nov 2023) and single-family house (Sept 2024), plus a new water heater (Feb 2024) in the main building.
    (856) 577-8083
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    1002 Daniels St Dundee, FL 33838
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    Dundee, FL 33838
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    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
    1002 Daniels St Dundee, FL 33838
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    We can help!
    Listing Contact
    Noman Syed
    Real Estate License ID: 3410432
    (856) 577-8083
    Learn more
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