Maintained VillageWalk
For Sale
Under Contract
$390,000
11844 ASTILBE Drive, Orlando, FL 32827
Residential, ORLANDO, FL
Property Size1,706 SF
Lot Size0.12 Acres
Price / SF$228.60
Days on Market116
Property Features for 11844 ASTILBE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Dining Room, Bathroom 1, Bathroom 2, Bedroom 2
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor
Exterior features
Lighting, Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
VILLAGEWALK/LK NONAA 01B
Elementary school
Village Park Elementary
Middle school
Lake Nona Middle School
High school
Lake Nona High
Directions
From FL 417 S -->Use the right lane to take exit 22 for CR-15/Narcoossee Rd-->Turn right onto Narcoossee Rd-->Turn left onto Lake Nona Blvd-->Turn left onto Nautica Dr-->Turn left onto Upper Villagewalk Cir-->Turn left onto Astilbe Dr--> Destination on the left
Standard status
Active Under Contract
APN
13-24-30-8333-01-300
Size
1,706 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGEWALK AT LAKE NONA UNITS 1A, 1B, AND 1C 63/145 LOT 130
Tax Annual Amount
5409
Legal Description
VILLAGEWALK AT LAKE NONA UNITS 1A, 1B, AND 1C 63/145 LOT 130
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated entrance
walking trails
clubhouse
fireplace
piano
rental space
pool
lap pool
tennis courts
basketball courts
playgrounds
gas station
convenience store
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Tile
Listing Agency:
KELLER WILLIAMS ADVANTAGE 2 REALTY · Keller Williams Realty
(407) 393-5901
Listed By:
Christina Rampersad · License #3336772
(407) 995-6788
Added: May 11
Changed: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# O6404157
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 1,706-square-foot duplex property, built in 2006, includes a bright open interior with ceramic tile flooring throughout. The kitchen has stainless steel appliances and ample cabinetry, while the primary bedroom is located on the main floor. Additional features include a full laundry room, central heating and cooling, hurricane shutters, pocket doors, and a fenced backyard. The home also has a brick paver driveway, block-and-stucco construction, a tile roof, and public water and sewer service.
Located at 11844 Astilbe Drive in Orlando's 32827 ZIP code, the property is within the VillageWalk community. Amenities include gated entry, walking trails, a clubhouse, two pools with a lap pool, tennis and basketball courts, playgrounds, an on-site gas station, and a convenience store. Access to FL-417 connects the property with Orlando International Airport, medical facilities, Downtown Orlando, theme parks, and other Central Florida destinations.
Located at 11844 Astilbe Drive in Orlando's 32827 ZIP code, the property is within the VillageWalk community. Amenities include gated entry, walking trails, a clubhouse, two pools with a lap pool, tennis and basketball courts, playgrounds, an on-site gas station, and a convenience store. Access to FL-417 connects the property with Orlando International Airport, medical facilities, Downtown Orlando, theme parks, and other Central Florida destinations.
Key Highlights
- 1,706 square feet on a 0.12‑acre lot
- Built in 2006 with block‑and‑stucco construction
- Main‑floor primary bedroom and full laundry room
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
$24,203
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
6.21%
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%
$484,060
$484.1K
Cap Rate 7%
$345,757
$345.8K
Cap Rate 9%
$268,922
$268.9K
Market Conditions
NOI Build-Up for 1,706 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
$36.8K $21.60/SF
− Vacancy
−$2.3K −$1.33/SF
EGI
$34.6K $20.27/SF
− OpEx
−$10.4K −$6.08/SF
NOI
$24.2K $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%
$484,060
Cap Rate 7%
$345,757
Cap Rate 9%
$268,922
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.5K – $403.4K
NOI $24,203 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$315.8K
$276.4K – $368.5K
NOI $22,108 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$549.6K
$480.9K – $641.2K
NOI $38,469 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 32827, FL
19,042
Population
7,586
Households
2.5
Avg Household Size
37
Median Age
52%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
839
Density / Sq Mi
$112,026
Median Household Income
$61,366
Median Earnings
$2,163
Median Rent
$615,700
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 - Gated Lake Nona community with pools, courts, trails, and a clubhouse.
Where is this duplex located?
The property is located at 11844 ASTILBE Drive Orlando, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,706 square feet on a 0.12‑acre lot; Built in 2006 with block‑and‑stucco construction; Main‑floor primary bedroom and full laundry room
