CBS Duplex with Attached
For Sale
$469,000
307 S WIMBROW Drive, Sebastian, FL 32958
Residential Income, Sebastian, FL
Property Size2,218 SF
Lot Size0.27 Acres
Price / SF$211.45
Days on Market16
Property Features for 307 S WIMBROW Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-8
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1
Patio and Porch features
Porch
Pets allowed
No, Yes
Subdivision
SEBASTIAN HIGHLANDS UNIT 14
Elementary school
Sebastian
Middle school
Storm Grove
High school
Sebastian River
Standard status
Active
APN
313812000055030000100
Size
2,218 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEBASTIAN HIGHLANDS UNIT 14 BLK 503 LOT 10 PBI 8-43
Tax Annual Amount
7207
Legal Description
SEBASTIAN HIGHLANDS UNIT 14 BLK 503 LOT 10 PBI 8-43
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front
1
Amenities
screened back porches
tile floors
air conditioning
washer and dryer
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete
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 20
Changed: Sep 3
Last Checked: Sep 4 at 7:06AM
MLS# B26066547
Copyright © 2026 BeachesMLS. 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 concrete duplex contains 2,218 square feet across two residences on a 0.27-acre parcel. Each side has a split-bedroom arrangement, tile flooring, a screened rear porch, and an attached one-car garage. The property also includes a shingle roof, central heating and central air, public water, and septic service.
The screened porches overlook the lawn and Collier Creek. The right-hand residence received newer appliances and air-conditioning equipment in 2024, while both residences have newer washers and dryers from 2024. Located at 307 S Wimbrow Drive in Sebastian, the property carries RM-8 zoning and includes cable availability.
The screened porches overlook the lawn and Collier Creek. The right-hand residence received newer appliances and air-conditioning equipment in 2024, while both residences have newer washers and dryers from 2024. Located at 307 S Wimbrow Drive in Sebastian, the property carries RM-8 zoning and includes cable availability.
Key Highlights
- 2,218‑square‑foot concrete duplex built in 1996
- Two residences, each with a split‑bedroom layout and attached 1‑car garage
- 0.27‑acre parcel with RM‑8 zoning
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
$25,259
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
5.39%
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%
$505,180
$505.2K
Cap Rate 7%
$360,843
$360.8K
Cap Rate 9%
$280,656
$280.7K
Market Conditions
NOI Build-Up for 2,218 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
$38.6K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.1K $16.27/SF
− OpEx
−$10.8K −$4.88/SF
NOI
$25.3K $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%
$505,180
Cap Rate 7%
$360,843
Cap Rate 9%
$280,656
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $421.0K
NOI $25,259 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$324.4K
$283.8K – $378.4K
NOI $22,705 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$585.2K
$512.0K – $682.7K
NOI $40,962 @ 7.0% cap · market cap 8.73%
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 residences offer split-bedroom layouts, tile flooring, screened porches, and separate attached garage parking.
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: 2,218‑square‑foot concrete duplex built in 1996; Two residences, each with a split‑bedroom layout and attached 1‑car garage; 0.27‑acre parcel with RM‑8 zoning
