CBS Duplex with Screened
For Sale
$469,000
307 S Wimbrow Drive, Sebastian, FL 32958
ResidentialIncome, Sebastian, FL
Property Size2,200 SF
Price / SF$213.18
Days on Market16
Property Features for 307 S Wimbrow Drive
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
,
Zoning description
Multiple, Residential
Parking
4
Parking features
Garage
Window features
Blinds
Patio and Porch features
Porch
Interior features
KitchenIsland, SplitBedrooms, WalkInClosets
Exterior features
EnclosedPorch
Subdivision
Sebastian Highlands
Lot features
Quarter To Half Acre Lot
Directions
US 1 to Sebastian Blvd. Left onto S Wimbrow Drive
Standard status
Active
APN
31381200005503000010.0
Taxes and HOA fees
Tax Year
2026
Tax Description
SEBASTIAN HIGHLANDS UNIT 14 BLK 503 LOT 10 PBI 8-43
Tax Annual Amount
6449
Legal Description
SEBASTIAN HIGHLANDS UNIT 14 BLK 503 LOT 10 PBI 8-43
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Creek, Lake, Pond
Water front
1
Amenities
screened back porches
washer and dryer
Building Details
Year built
1996
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Mac Evoy Real Estate Co
(772) 589-0400
Listed By:
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Added: Aug 18
Changed: Aug 27
Last Checked: Sep 2 at 6:06PM
MLS# 299379
Copyright © 2026 Realtors Association of Indian River County. 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.
Built in 1996, this CBS duplex contains two separate 2BR residences with split-bedroom layouts and 2,200 sq ft total. Each side includes tile flooring, a one-car garage, central heating and cooling, a kitchen with island, walk-in closets, and a 14X9 screened rear porch. The homes are connected to public water and served by septic systems.
The property sits high on the road and looks across a rolling lawn toward Collier Creek. Both residences are currently rented. Recent updates include 2024 kitchen appliances on the right side, 2024 washers and dryers in both units, a 2024 A/C system on the right side, and repiping on the right side. Block, concrete, and stucco construction, along with a shingle roof, complete the improvements.
The property sits high on the road and looks across a rolling lawn toward Collier Creek. Both residences are currently rented. Recent updates include 2024 kitchen appliances on the right side, 2024 washers and dryers in both units, a 2024 A/C system on the right side, and repiping on the right side. Block, concrete, and stucco construction, along with a shingle roof, complete the improvements.
Key Highlights
- Duplex with two 2BR residences and 2,200 sq ft total
- Each side includes a one‑car garage and 14X9 screened rear porch
- 2024 kitchen appliances on the right side; 2024 washers and dryers in 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
$25,054
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
5.34%
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%
$501,080
$501.1K
Cap Rate 7%
$357,914
$357.9K
Cap Rate 9%
$278,378
$278.4K
Market Conditions
NOI Build-Up for 2,200 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
$38.3K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.8K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.1K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /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%
$501,080
Cap Rate 7%
$357,914
Cap Rate 9%
$278,378
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.4K
NOI $22,521 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 8.66%
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
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
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 separate residences offer tile flooring, private garages, and rear porches overlooking a creek and lawn.
Where is this duplex located?
The property is located at 307 S Wimbrow Drive Sebastian, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Duplex with two 2BR residences and 2,200 sq ft total; Each side includes a one‑car garage and 14X9 screened rear porch; 2024 kitchen appliances on the right side; 2024 washers and dryers in both units
