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    34814 Evergreen Way Dade City, FL 33523

    View on Map
    Sponsored
    For Sale
    $300,000

    Duplex - DADE CITY, FL

    Type:Duplex
    Property size:
    1,456 SF
    Lot size:
    0.25 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 10:06 pm

    Property Features for 34814 Evergreen Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    R11-123-21-0600-0000-1830
    Parking features
    Carport
    Interior features
    Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Thermostat
    Exterior features
    Paved, Outbuildings, Fire Pit, Private Mailbox, Storage
    Size
    1,456 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Peyton Stanton

    Charles Rutenberg Realty, Inc (727) 538-9200

    Listing agent Peyton Stanton (727) 538-9200 License #3521773

    Listing date Mar 5, 2026

    MLS# TB8477738 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

    Duplex in Ridge Manor

    This duplex is located in Ridge Manor. The property features two units separated by a carport, offering privacy. The first unit includes 2 bedrooms and 1.5 bathrooms, with a half bath in the utility room under the carport, along with washer and dryer hookups. The second unit has 2 bedrooms and 1 bathroom, also with a separate utility room under the carport that includes washer and dryer hookups. Each unit has its own carport parking space and a large driveway area. Utilities are separately metered for electric and water. The units have been renovated and feature a metal roof installed in 2013, electric panels from 2016, and HVAC systems installed in 2022. The water heaters were installed in 2020 and 2026. The property passed a 4 point inspection in January 2026. The property is situated on a 0.25-acre lot. The community is known for its quiet, rural feel while still providing access to major roadways. An additional vacant residential lot located directly behind the duplex is also available for purchase offering great potential for future building, expansion, or additional investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Accounting Firm Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.17349
    Latitude
    28.50112

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    FAQs

    What type of property is this?
    Duplex - Duplex with separately metered utilities and renovated units.
    Where is this duplex located?
    The property is located at 34814 Evergreen Way Dade City, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Listed under appraised value, offering immediate equity or investment potential.; - Duplex units do not share a wall, providing enhanced privacy.; - Each unit has been renovated and features a newer metal roof (2013), electric panels (2016), HVACs (2022), and water heaters (2020 & 2026).
    (513) 348-3713
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    34814 Evergreen Way Dade City, FL 33523
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    Dade City, FL 33523
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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
    34814 Evergreen Way Dade City, FL 33523
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    We can help!
    Listing Contact
    Peyton Stanton
    Real Estate License ID: 3521773
    (513) 348-3713 (727) 538-9200
    Learn more
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