For Sale
$679,000
9032 SOMMERSET HILLS Drive, Davenport, FL 33896
Residential Income, DAVENPORT, FL
Property Size4,019 SF
Lot Size0.15 Acres
Price / SF$168.95
Days on Market8
Property Features for 9032 SOMMERSET HILLS Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
X
Spa
1
Pets allowed
Breed Restrictions
Pool private
1
Interior features
Ceiling Fans(s), Open Floorplan
Exterior features
Rain Gutters
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
Subdivision
STONEYBROOK SOUTH NORTH PRCL PH 5
Directions
Walt Disney World(R) Resort Florida Follow Sherberth Rd and Funie Steed Rd to Westside Blvd in Four Corners Head toward Osceola Pkwy Make a U-turn at Osceola Pkwy Continue onto Entry Point Blvd Turn right onto Funie Steed Rd Follow Westside Blvd to Sommerset Hills Dr Turn left onto Westside Blvd Turn right onto Leopard Crk Dr Turn left onto Challenge Dr Turn left onto Sommerset Hills Dr Destination will be on the right 9032 Sommerset Hills Dr Kissimmee, FL 34747
Standard status
Active
APN
30-25-27-5093-0001-0710
Size
4,019 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STONEYBROOK SOUTH NORTH PARCEL PH 5 PB 28 PGS 176-183 LOT 71
Tax Annual Amount
10514
Legal Description
STONEYBROOK SOUTH NORTH PARCEL PH 5 PB 28 PGS 176-183 LOT 71
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Fredy Aucaquizhpi · License #681489
(407) 489-3990
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 31 at 12:06PM
MLS# O6436926
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.
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
$38,068
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
5.61%
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%
$761,360
$761.4K
Cap Rate 7%
$543,829
$543.8K
Cap Rate 9%
$422,978
$423.0K
Market Conditions
NOI Build-Up for 4,019 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
$73.8K $18.36/SF
− Vacancy
−$4.6K −$1.14/SF
EGI
$69.2K $17.22/SF
− OpEx
−$31.1K −$7.75/SF
NOI
$38.1K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$761,360
Cap Rate 7%
$543,829
Cap Rate 9%
$422,978
Alternative Uses
Best Use
Apartment 5plus
$543.8K
$475.9K – $634.5K
NOI $38,068 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$965.8K
$845.1K – $1.13M
NOI $67,606 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 33896, FL
19,444
Population
11,929
Households
1.6
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
963
Density / Sq Mi
$74,485
Median Household Income
$39,558
Median Earnings
$1,969
Median Rent
$307,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this short term rental property located?
The property is located at 9032 SOMMERSET HILLS Drive Davenport, FL.
What is the asking price?
The asking price for this property is $679,000.
