Triplex with Metal
For Sale
$350,000
7545 S Old Oaks Drive, Floral City, FL 34436
MULTI_FAMILY - Other - Floral City, FL
Property Size2,658 SF
Lot Size2.11 Acres
Price / SF$131.68
Days on Market372
Property Features for 7545 S Old Oaks Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
CLRMH
Parking
2
Parking features
Driveway, Carport, Paved or Surfaced
Interior features
EatInKitchen
Exterior features
UnpavedDriveway
Appliances
Dishwasher, ElectricCooktop, ElectricOven, MicrowaveHoodFan, Microwave, Refrigerator
Subdivision
Old Oaks
Lot features
Acreage, Multiple Lots
Elementary school
Floral City Elementary
Middle school
Inverness Middle
High school
Citrus High
Directions
Continue onto US 41, left onto FL 48, left onto E Trails End, left onto S Clay Terrace, left on Old Oaks.
Standard status
Active
APN
2646705
Size
2,658 SF
Lot size
2.11 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4655
Utilities
Sewer type
Septic Tank
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Stucco
Roof type
Metal
Architectural style
Other
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Luke Whitehurst · License #3273034
(352) 476-5578
Added: Jul 31, 2025
Changed: Aug 1
Last Checked: Aug 6 at 7:06PM
MLS# 846834
Copyright © 2026 REALTORS Association of Citrus County, 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.
This triplex property features three separate dwellings with updated interiors and appliances. The offering includes a 3 bedroom/2 bathroom unit (1,400+ SF), a 2 bedroom/1 bathroom unit (672 SF), and a 1 bedroom/1 bathroom unit (576 SF). The property notes window unit cooling and a metal roof, along with tile and vinyl flooring and an eat-in kitchen configuration. Exterior features include a driveway and a carport, and the listing states the homes have been well maintained and updated, including a new water heater.
The property is situated on 2.11 acres and includes fenced land. The listing also highlights three separate power meters, one for each unit, and that the property is served by well water and a septic tank.
Zoned CLRMH, this three-unit setup is designed for an owner who wants independent residential units within a single triplex configuration, with on-site utility separation for each dwelling.
The property is situated on 2.11 acres and includes fenced land. The listing also highlights three separate power meters, one for each unit, and that the property is served by well water and a septic tank.
Zoned CLRMH, this three-unit setup is designed for an owner who wants independent residential units within a single triplex configuration, with on-site utility separation for each dwelling.
Key Highlights
- Three separate dwellings with unit sizes: 1,400+ SF (3/2), 672 SF (2/1), and 576 SF (1/1)
- 2.11‑acre lot with fenced land
- Three separate power meters, one 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
$24,264
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
6.93%
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%
$485,280
$485.3K
Cap Rate 7%
$346,629
$346.6K
Cap Rate 9%
$269,600
$269.6K
Market Conditions
NOI Build-Up for 2,658 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
$36.7K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$34.7K $13.04/SF
− OpEx
−$10.4K −$3.91/SF
NOI
$24.3K $9.13/SF
Area
Citrus County, FL
Vacancy
5.50%
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%
$485,280
Cap Rate 7%
$346,629
Cap Rate 9%
$269,600
Alternative Uses
Best Use
Multifamily LT 5
$346.6K
$303.3K – $404.4K
NOI $24,264 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$597.2K
$522.6K – $696.8K
NOI $41,807 @ 7.0% cap · market cap 11.94%
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
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences on well and septic, zoned CLRMH, with separate power meters and newer cooling updates.
Where is this triplex located?
The property is located at 7545 S Old Oaks Drive Floral City, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three separate dwellings with unit sizes: 1,400+ SF (3/2), 672 SF (2/1), and 576 SF (1/1); 2.11‑acre lot with fenced land; Three separate power meters, one for each unit
