DirectionsHead west toward Hwy 17 S/6th St NW, Turn left onto Hwy 17 S/6th St NW, Turn left onto Magnolia St, Turn right onto S McCann Ave,Turn left at the 1st cross street onto Dunbar St
Standard statusActive
Size2,666 SF
Lot size0.27 Acres
Taxes and HOA fees
Tax Year2025
Tax Annual Amount5962
Utilities
Heating systemElectric (Heating)
Water sourcePublic
Amenities
stainless steel appliances
washer and dryer
Building Details
Year built2023
Number of units2
Building materialsStucco
Architectural styleOther
Listing Agency:La Rosa Realty Llc(321) 939-3748
Listed By:Claudia Virginia Mancilla · License #3451897(321) 939-3748
Added: Mar 9Changed: Aug 4Last Checked: Aug 16 at 2:06PM
Based on property information with market context.
Built in 2023, this newly constructed duplex offers modern, low-maintenance living with durable concrete construction and a stucco exterior. The property contains two spacious units totaling 6 bedrooms and 4 bathrooms, with approximately 2,666 square feet of living space. Interior features include walk-in closet(s) and a dedicated laundry room. Heating is electric, and the duplex is served by public water. Parking is provided via a driveway.
Each unit is equipped with stainless steel appliances, including a washer and dryer. One unit is already leased, while the second unit provides flexibility for either additional rental income or owner-occupancy.
Set on an 11,883 square foot lot in the Orange Heights area of Bartow within Polk County, the duplex is positioned in a residential community close to schools, local services, and major roadways with connections to Lakeland and other Central Florida cities.
Key Highlights
Built in 2023 with concrete construction and stucco exterior
Two‑unit duplex totaling 6 bedrooms and 4 bathrooms
Approximately 2,666 SF across both units
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
$28,267
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
5.44%
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%
$565,340$565.3K
Cap Rate 7%
$403,814$403.8K
Cap Rate 9%
$314,078$314.1K
Market Conditions
NOI Build-Up for 2,666 SFVacancy — 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
$43.2K $16.20/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$40.4K $15.15/SF
− OpEx
−$12.1K −$4.54/SF
NOI
$28.3K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$565,340
Cap Rate 7%
$403,814
Cap Rate 9%
$314,078
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.3K – $471.1K (±1% cap)
NOI $28,267 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$360.7K
$315.7K – $420.9K (±1% cap)
NOI $25,252 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$640.7K
$560.6K – $747.4K (±1% cap)
NOI $44,846 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Duplexes
Suggested Use
Top PickReal Estate AgencyNail SalonHair SalonSpa & Massage CenterSkin Care ClinicPharmacy
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
Market
Vacancy Rate%for Multifamily in South region
8.5%2022
10.2%2023
11.4%2024
11.3%2025
Questions? Ask Rey
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Duplex - Newly built 2023 duplex on a 0.27-acre lot with 2,666 SF and stainless washer/dryer.
Where is this duplex located?
The property is located at 2025 Dunbar St Bartow, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Built in 2023 with concrete construction and stucco exterior; Two‑unit duplex totaling 6 bedrooms and 4 bathrooms; Approximately 2,666 SF across both units