Duplex with Private
New
For Sale
$900,000
108 SHORE Drive, Longwood, FL 32779
Residential Income, LONGWOOD, FL
Property Size3,248 SF
Lot Size0.38 Acres
Price / SF$277.09
Days on Market3
Property Features for 108 SHORE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Pool private
1
Interior features
Ceiling Fans(s)
Appliances
Dishwasher, Range, Refrigerator
Subdivision
MEREDITH MANOR GENE GABLES SEC
Lot features
City Limits
Directions
From 17-92, turn right onto fl-434 w/e FL 434/E state rd 434 5.5ml, turn right onto E lake brantley dr, turn left onto Nob Hill cir, right onto Shore dr, Duplex on right side
Standard status
Active
APN
04-21-29-515-0B00-0110
Size
3,248 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 BLK B GENE GABLES SEC OF MEREDITH MANOR PB 8 PG 93
Tax Annual Amount
6006
Legal Description
LOT 11 BLK B GENE GABLES SEC OF MEREDITH MANOR PB 8 PG 93
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
Building Details
Year built
1975
Floors in Building
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick, Wood Siding
Roof type
Shingle
Listing Agency:
WEATHERSPOON REALTY INC
(407) 878-4468
Listed By:
Veneita Knight, II · License #3226650
(407) 547-5024
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 4 at 1:06AM
MLS# O6438471
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.
Investment Insights
Based on property information with market context.
This Longwood duplex offers 3248 square feet on a 0.38-acre parcel, with a private inground swimming pool and a residential configuration suited to the property’s duplex classification. Interior features include ceiling fans, ceramic tile and vinyl flooring, central heating and central air. The kitchen areas include dishwashers, ranges, and refrigerators. Brick and wood siding, a shingle roof, public water, septic service, and cable availability complete the property’s existing improvements.
Built in 1975, the property is located at 108 Shore Drive in Longwood’s 32779 ZIP code, near the Lake Brantley area. Lakefront homes are situated across the street, and the setting includes views described as picturesque sunset views. R-2 zoning provides the property’s stated residential land-use designation.
Built in 1975, the property is located at 108 Shore Drive in Longwood’s 32779 ZIP code, near the Lake Brantley area. Lakefront homes are situated across the street, and the setting includes views described as picturesque sunset views. R-2 zoning provides the property’s stated residential land-use designation.
Key Highlights
- Duplex with 3248 square feet of property size
- Private inground swimming pool
- 0.38‑acre parcel
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
$43,320
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
4.81%
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%
$866,400
$866.4K
Cap Rate 7%
$618,857
$618.9K
Cap Rate 9%
$481,333
$481.3K
Market Conditions
NOI Build-Up for 3,248 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
$66.3K $20.40/SF
− Vacancy
−$4.4K −$1.35/SF
EGI
$61.9K $19.05/SF
− OpEx
−$18.6K −$5.72/SF
NOI
$43.3K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /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%
$866,400
Cap Rate 7%
$618,857
Cap Rate 9%
$481,333
Alternative Uses
Best Use
Multifamily LT 5
$618.9K
$541.5K – $722.0K
NOI $43,320 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$569.8K
$498.6K – $664.8K
NOI $39,886 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$924.3K
$808.8K – $1.08M
NOI $64,700 @ 7.0% cap · market cap 7.19%
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
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 32779, FL
29,321
Population
11,644
Households
2.5
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
1,551
Density / Sq Mi
$115,931
Median Household Income
$59,849
Median Earnings
$1,925
Median Rent
$458,700
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?
Duplex - R-2-zoned duplex with ceramic tile, central heating and cooling, and a private swimming pool.
Where is this duplex located?
The property is located at 108 SHORE Drive Longwood, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Duplex with 3248 square feet of property size; Private inground swimming pool; 0.38‑acre parcel
