Duplex With Private
For Sale
$249,000
10407 S Drew Bryant Circle, Floral City, FL 34436
ResidentialIncome, Floral City, FL
Property Size1,886 SF
Lot Size0.21 Acres
Price / SF$132.03
Days on Market47
Property Features for 10407 S Drew Bryant Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PDR
Parking features
Driveway
Exterior features
Landscaping, Lighting, RainGutters, PavedDriveway
Appliances
WasherDryerStacked, Dishwasher, ElectricOven, ElectricRange, MicrowaveHoodFan, Microwave, Refrigerator
Subdivision
Tarawood
Lot features
Cleared, Rectangular
Elementary school
Floral City Elementary
Middle school
Inverness Middle
High school
Citrus High
Directions
From US Hwy 41 S, Turn Right onto E Tarawood Blvd, Turn right onto S Drew Bryant Circle, Home is on the right.
Standard status
Active
APN
3153014
Size
1,886 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TARAWOOD PHASE 1 PB 14 PG 84 LOTS 3 & 4
Tax Annual Amount
1162
HOA Fee
$190 Monthly
Legal Description
TARAWOOD PHASE 1 PB 14 PG 84 LOTS 3 & 4
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 419-0200
Listed By:
Katie Spires · License #3235260
(352) 212-3673
Added: Jul 23
Changed: Sep 4
Last Checked: Sep 7 at 9:06AM
MLS# 856558
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,886-square-foot duplex, constructed in 1996, contains two distinct residences: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Each unit has a private entrance and a one-car garage. Tile flooring runs throughout, while the property also includes stacked laundry equipment, kitchen appliances, central air, and heat-pump heating.
Recent property updates include a 2016 roof, 2017 HVAC equipment, a water heater approximately two years old, and replacement appliances. The stucco exterior was painted approximately 4 to 5 years ago. Additional site features include a paved driveway, landscaping, exterior lighting, rain gutters, public water, and public sewer. The property is located in Floral City, Florida, and carries PDR zoning.
Recent property updates include a 2016 roof, 2017 HVAC equipment, a water heater approximately two years old, and replacement appliances. The stucco exterior was painted approximately 4 to 5 years ago. Additional site features include a paved driveway, landscaping, exterior lighting, rain gutters, public water, and public sewer. The property is located in Floral City, Florida, and carries PDR zoning.
Key Highlights
- Two‑unit duplex with 1,886 square feet of building area
- Unit mix includes 2 bedrooms/1 bath and 1 bedroom/1 bath
- Each residence has a private entrance and 1‑car garage
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
$17,217
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
6.91%
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%
$344,340
$344.3K
Cap Rate 7%
$245,957
$246.0K
Cap Rate 9%
$191,300
$191.3K
Market Conditions
NOI Build-Up for 1,886 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
$26.0K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.6K $13.04/SF
− OpEx
−$7.4K −$3.91/SF
NOI
$17.2K $9.13/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$13.80 /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%
$344,340
Cap Rate 7%
$245,957
Cap Rate 9%
$191,300
Alternative Uses
Best Use
Multifamily LT 5
$246.0K
$215.2K – $287.0K
NOI $17,217 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.3K
NOI $15,796 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$423.8K
$370.8K – $494.4K
NOI $29,665 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
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 - Two separately entered residences offer flexible occupancy, tile flooring, and individually assigned garage space.
Where is this duplex located?
The property is located at 10407 S Drew Bryant Circle Floral City, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,886 square feet of building area; Unit mix includes 2 bedrooms/1 bath and 1 bedroom/1 bath; Each residence has a private entrance and 1‑car garage
