New Duplex with Covered
For Sale
$450,000
4123 MANDARIN Road, Sebring, FL 33875
MULTI_FAMILY - SEBRING, FL
Property Size2,240 SF
Lot Size0.22 Acres
Price / SF$200.89
Days on Market86
Property Features for 4123 MANDARIN Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Dining Room, Bedroom 2, Bathroom 2, Bathroom 1
Pets allowed
Cats OK, Dogs OK
Interior features
High Ceilings, Living Room/Dining Room Combo, Open Floorplan
Appliances
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
ORANGE BLOSSOM ESTATE
Directions
From lakewood road, Go west on aloha terr. Turn right Mandarin. House will be on the left
Standard status
Active
APN
C-24-35-28-090-0030-0320
Size
2,240 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORANGE BLOSSOM EST UNIT 9 PB 7 PG 50 LOT 32 BLK 3
Tax Annual Amount
3773
Legal Description
ORANGE BLOSSOM EST UNIT 9 PB 7 PG 50 LOT 32 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
covered patios
private outdoor space
Building Details
Year built
2024
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Steve Montgomery · License #3302404
(407) 906-0248
Added: May 24
Changed: Aug 1
Last Checked: Aug 17 at 2:06PM
MLS# O6410587
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.
Investment Insights
Based on property information with market context.
This under-construction duplex (2,240 SF total) is designed for owner-occupancy or rental use, with two units planned for separate living. Each unit includes two bedrooms, two bathrooms, and a one-car garage, with an open floorplan that combines the living room and dining area. Interiors are planned with modern finishes such as quartz countertops, wood cabinets, luxury vinyl plank flooring, and stainless steel appliances, supported by central heating and central air.
Construction materials are block and stucco with a shingle roof. The property sits on a 0.22-acre lot and is served by public water with a septic tank for sewer service, with cable available.
Outside, each unit is planned to feature covered patios and private outdoor space. Zoning is R3, and the property is marketed as having no HOA.
Construction materials are block and stucco with a shingle roof. The property sits on a 0.22-acre lot and is served by public water with a septic tank for sewer service, with cable available.
Outside, each unit is planned to feature covered patios and private outdoor space. Zoning is R3, and the property is marketed as having no HOA.
Key Highlights
- Under‑construction duplex built in 2024 with covered patios
- Two units planned, each with two bedrooms and two bathrooms
- One‑car garage for each unit
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
$20,232
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
4.50%
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%
$404,640
$404.6K
Cap Rate 7%
$289,029
$289.0K
Cap Rate 9%
$224,800
$224.8K
Market Conditions
NOI Build-Up for 2,240 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
$30.9K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$28.9K $12.90/SF
− OpEx
−$8.7K −$3.87/SF
NOI
$20.2K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
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%
$404,640
Cap Rate 7%
$289,029
Cap Rate 9%
$224,800
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,232 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$268.6K
$235.0K – $313.4K
NOI $18,801 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$466.0K
$407.8K – $543.7K
NOI $32,622 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 33875, FL
11,004
Population
5,655
Households
1.9
Avg Household Size
53
Median Age
26%
College-Educated
92%
High-School Grad
53.4 sq mi
ZIP Area
206
Density / Sq Mi
$76,990
Median Household Income
$48,235
Median Earnings
$1,130
Median Rent
$216,500
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 - Under-construction duplex zoned R3 with public water and septic, covered patios, and central HVAC for each unit.
Where is this duplex located?
The property is located at 4123 MANDARIN Road Sebring, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Under‑construction duplex built in 2024 with covered patios; Two units planned, each with two bedrooms and two bathrooms; One‑car garage for each unit
