Remodeled Residential Income
For Sale
$234,900
10350 RIVA RIDGE TRL, Orlando, FL 32817
Updated half-duplex residence with refreshed kitchen, bathroom finishes, flooring, fixtures, and stainless steel appliances.
Property Size818 SF
Days on Market21
Property Features for 10350 RIVA RIDGE TRL
General Information
Standard status
Active
Size
818 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,119
Building Details
Building Size
818 SF
Year Built
1984
Listing Agency:
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
Listed By:
Robert Arnold, Jr · License #627826
Source:
Novaorlando
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 29 at 2:22PM
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 SAND DOLLAR REALTY GROUP INC
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, one-bath half-duplex built in 1984. The interior has been remodeled with a redesigned kitchen featuring white shaker cabinetry, soft-close doors and drawers, granite countertops, and stainless steel appliances. The bathroom includes newly tiled walls and a granite-finished vanity.
Additional updates include 20-inch porcelain tile flooring throughout the home, five-inch baseboards, and new fixtures. The property is located on Riva Ridge Trail in Orlando, Florida, within the 32817 ZIP code.
Additional updates include 20-inch porcelain tile flooring throughout the home, five-inch baseboards, and new fixtures. The property is located on Riva Ridge Trail in Orlando, Florida, within the 32817 ZIP code.
Key Highlights
- Two‑bedroom, one‑bath half‑duplex
- Remodeled interior with new fixtures
- Kitchen with white shaker cabinets and granite countertops
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
$10,601
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
4.51%
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%
$212,020
$212.0K
Cap Rate 7%
$151,443
$151.4K
Cap Rate 9%
$117,789
$117.8K
Market Conditions
NOI Build-Up for 818 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
$20.6K $25.20/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$19.3K $23.56/SF
− OpEx
−$8.7K −$10.60/SF
NOI
$10.6K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /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%
$212,020
Cap Rate 7%
$151,443
Cap Rate 9%
$117,789
Alternative Uses
Best Use
Apartment 5plus
$151.4K
$132.5K – $176.7K
NOI $10,601 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated half-duplex residence with refreshed kitchen, bathroom finishes, flooring, fixtures, and stainless steel appliances.
Where is this residential income property located?
The property is located at 10350 RIVA RIDGE TRL Orlando, FL.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath half‑duplex; Remodeled interior with new fixtures; Kitchen with white shaker cabinets and granite countertops
