Fully Furnished Duplex with Air-Conditioned
For Sale
$145,000
4604 Mercado Drive, Sebring, FL 33872
SINGLE_FAMILY - Sebring, FL
Property Size1,288 SF
Price / SF$112.58
Days on Market149
Property Features for 4604 Mercado Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3NC
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Pets allowed
Yes
Interior features
Blinds, Cable TV Available, Ceiling Fans, Drapes
Exterior features
Concrete, Stucco
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer
Directions
US 27 West on Sun N Lake Blvd, left on Ponce de Leon, right on Mercado to property on right.
Standard status
Active
APN
C-04-34-28-134-0000-1030
Size
1,288 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
THE MERCADO OR 656-PG 453 UNIT 103 + 1/10 INT IN COMMON AREAS BEING PART OF LOTS 8-9-10 BLK 256 OF UNIT 13 SUN N LAKE ESTATES OF SEBRING
Tax Annual Amount
2638
HOA Fee
$1,150 Quarterly
Legal Description
THE MERCADO OR 656-PG 453 UNIT 103 + 1/10 INT IN COMMON AREAS BEING PART OF LOTS 8-9-10 BLK 256 OF UNIT 13 SUN N LAKE ESTATES OF SEBRING
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
pool
air conditioned back porch
Building Details
Year built
1980
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
COMPTON REALTY
(863) 465-4158
Listed By:
Wes Tanner · License #3215294
(863) 464-0329
Added: Apr 6
Changed: Aug 4
Last Checked: Sep 1 at 12:06PM
MLS# 324435
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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.
Fully furnished duplex villa in the desirable Sun N Lake community, presented clean, bright, and well maintained. The back porch is also air conditioned, offering flexible space for a den or office. Interior features include blinds, ceiling fans, drapes, and cable TV availability.
The home is approximately 1,288 square feet, built in 1980, with concrete block construction, stucco and concrete exterior features, and a shingle roof. Flooring includes carpet and tile. Heating is central electric, and cooling is central air with electric service. Rooms include two bedrooms and two bathrooms.
The kitchen is equipped with a dishwasher, disposal, microwave, refrigerator, stove/range/oven, and washer/dryer. Additional interior comforts include ceiling fans throughout. A pool is located just out the back door, supporting an indoor-outdoor layout for day-to-day living.
The home is approximately 1,288 square feet, built in 1980, with concrete block construction, stucco and concrete exterior features, and a shingle roof. Flooring includes carpet and tile. Heating is central electric, and cooling is central air with electric service. Rooms include two bedrooms and two bathrooms.
The kitchen is equipped with a dishwasher, disposal, microwave, refrigerator, stove/range/oven, and washer/dryer. Additional interior comforts include ceiling fans throughout. A pool is located just out the back door, supporting an indoor-outdoor layout for day-to-day living.
Key Highlights
- Fully furnished in the Sun N Lake community
- Air‑conditioned back porch for den or office use
- Approximately 1,288 square feet under roof
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
$11,633
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
8.02%
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%
$232,660
$232.7K
Cap Rate 7%
$166,186
$166.2K
Cap Rate 9%
$129,256
$129.3K
Market Conditions
NOI Build-Up for 1,288 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
$17.8K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$16.6K $12.90/SF
− OpEx
−$5.0K −$3.87/SF
NOI
$11.6K $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%
$232,660
Cap Rate 7%
$166,186
Cap Rate 9%
$129,256
Alternative Uses
Best Use
Multifamily LT 5
$166.2K
$145.4K – $193.9K
NOI $11,633 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$154.4K
$135.1K – $180.2K
NOI $10,810 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$268.0K
$234.5K – $312.6K
NOI $18,757 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 33872, FL
13,167
Population
7,882
Households
1.7
Avg Household Size
62
Median Age
29%
College-Educated
91%
High-School Grad
22.7 sq mi
ZIP Area
580
Density / Sq Mi
$68,086
Median Household Income
$42,831
Median Earnings
$1,157
Median Rent
$193,900
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 - Fully furnished duplex in Sun N Lake with central electric HVAC and an air-conditioned back porch.
Where is this duplex located?
The property is located at 4604 Mercado Drive Sebring, FL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Fully furnished in the Sun N Lake community; Air‑conditioned back porch for den or office use; Approximately 1,288 square feet under roof
