Duplex with Updated Major
For Sale
$259,000
1050 CAPTIVA POINT, Lakeland, FL 33801
Two separately configured units with tiled interiors, tenant-paid utilities, and one month-to-month tenancy.
Property Size1,985 SF
Days on Market163
Property Features for 1050 CAPTIVA POINT
General Information
Standard status
Active
Size
1,985 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Building Details
Building Size
1,985 SF
Year Built
1981
Listing Agency:
HOMESTEAD REALTY INC
Listed By:
Hemchand Rewah
(407) 367-4201
Source:
Focusgroupfl.kw
Added: Mar 24
Changed: Aug 30
Last Checked: Sep 1 at 2:43PM
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 HOMESTEAD REALTY INC
Investment Insights
Based on property information with market context.
Built in 1981, this duplex contains two separate residences offered in AS-IS condition. The front unit has two bedrooms and two bathrooms, while the rear unit includes two bedrooms and one-and-a-half bathrooms. Both residences have fully tiled floors, supporting straightforward upkeep. The roof was replaced in March 2021, and both air conditioning systems were replaced approximately six years ago.
The property is located in the Secret Cove subdivision near Reynolds Road. The front residence is occupied by a long-term tenant under a month-to-month lease, while the rear unit is vacant. Electricity and water costs are paid directly by the tenants.
The property is located in the Secret Cove subdivision near Reynolds Road. The front residence is occupied by a long-term tenant under a month-to-month lease, while the rear unit is vacant. Electricity and water costs are paid directly by the tenants.
Key Highlights
- Two‑unit duplex at 1050 CAPTIVA POINT, LAKELAND, FL 33801
- Front unit: 2 bedrooms and 2 bathrooms
- Rear unit: 2 bedrooms and 1.5 bathrooms
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
$21,047
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
8.13%
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%
$420,940
$420.9K
Cap Rate 7%
$300,671
$300.7K
Cap Rate 9%
$233,856
$233.9K
Market Conditions
NOI Build-Up for 1,985 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
$32.2K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.1K $15.15/SF
− OpEx
−$9.0K −$4.54/SF
NOI
$21.0K $10.60/SF
Area
Lakeland, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$420,940
Cap Rate 7%
$300,671
Cap Rate 9%
$233,856
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,047 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$477.0K
$417.4K – $556.5K
NOI $33,391 @ 7.0% cap · market cap 12.89%
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
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
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 - Two separately configured units with tiled interiors, tenant-paid utilities, and one month-to-month tenancy.
Where is this duplex located?
The property is located at 1050 CAPTIVA POINT Lakeland, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑unit duplex at 1050 CAPTIVA POINT, LAKELAND, FL 33801; Front unit: 2 bedrooms and 2 bathrooms; Rear unit: 2 bedrooms and 1.5 bathrooms
