Two-Unit
New
For Sale
$620,000
1016 ATKINS PLACE, Orlando, FL 32804
Established residential income property near Downtown Orlando with access to major roadways and nearby neighborhood amenities.
Property Size1,518 SF
Price / SF$408.43
Days on Market7
Property Features for 1016 ATKINS PLACE
General Information
Standard status
Active
Size
1,518 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Maria Fontalvo · License #3499943
Source:
Endlesssummerrealty
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 16 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT REALTY, LLC
Investment Insights
Based on property information with market context.
Located at 1016 Atkins Place in Orlando, this two-unit residential property offers 1,518 SF of space and dates to 1925. The duplex format provides separate residential living areas within a single property, with the building’s age contributing established character.
The property is situated in College Park, described as a historic Orlando neighborhood near Downtown Orlando. Dubsdread Golf Course and Lake Adair are nearby, while major roadways provide commuter access. Orlando International Airport is approximately 30 minutes away.
The property is situated in College Park, described as a historic Orlando neighborhood near Downtown Orlando. Dubsdread Golf Course and Lake Adair are nearby, while major roadways provide commuter access. Orlando International Airport is approximately 30 minutes away.
Key Highlights
- Duplex with 1,518 SF of property space
- Built in 1925
- Located at 1016 ATKINS PLACE, ORLANDO, FL 32804
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
$21,536
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
3.47%
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%
$430,720
$430.7K
Cap Rate 7%
$307,657
$307.7K
Cap Rate 9%
$239,289
$239.3K
Market Conditions
NOI Build-Up for 1,518 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
$32.8K $21.60/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$30.8K $20.27/SF
− OpEx
−$9.2K −$6.08/SF
NOI
$21.5K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /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%
$430,720
Cap Rate 7%
$307,657
Cap Rate 9%
$239,289
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.2K – $358.9K
NOI $21,536 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,672 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,230 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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 - Established residential income property near Downtown Orlando with access to major roadways and nearby neighborhood amenities.
Where is this duplex located?
The property is located at 1016 ATKINS PLACE Orlando, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Duplex with 1,518 SF of property space; Built in 1925; Located at 1016 ATKINS PLACE, ORLANDO, FL 32804
