New Construction Duplex in
For Sale
$740,000
1192 AC Evans Street, Riviera Beach, FL 33404
New construction duplex in Riviera Beach, great for homeowners/investors.
Property Size3,050 SF
Price / SF$242.62
Days on Market270
Property Features for 1192 AC Evans Street
General Information
Standard status
Active
Size
3,050 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$1,399
Building Details
Year Built
2026
Listing Agency:
Capital Homes Inc
(561) 504-8830
Listed By:
Nathali Delgado · License #3323461
(561) 504-8830
Source:
Compass
Added: Nov 26, 2025
Changed: Aug 23
Last Checked: Aug 20 at 9:30PM
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 Capital Homes Inc
Investment Insights
Based on property information with market context.
This brand-new construction duplex in Riviera Beach offers an opportunity for homeowners and investors. The property features a total of 3,050 square feet of living space. Each unit provides 1,525 square feet, including 3 bedrooms and 2.5 bathrooms, with a modern, functional layout. Constructed with durable CBS (Concrete Block Structure), the property offers quality and long-term durability. Each unit includes open-concept living areas connecting the kitchen, dining, and living spaces, along with spacious bedrooms and a primary suite. Contemporary finishes and efficient design characterize the homes. The property is located in Palm Beach County, with access to West Palm Beach, major highways, shopping, and dining, and is a 15-minute drive to the beach. It is located in a growing, high-demand area of Riviera Beach.
Key Highlights
- Brand‑new construction duplex: Ideal for homeowners or investors.
- Two units, each with 3 bedrooms and 2.5 bathrooms, totaling 3,050 sq ft of living space.
- Durable CBS construction.
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
$50,843
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
6.87%
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%
$1,016,860
$1.0M
Cap Rate 7%
$726,329
$726.3K
Cap Rate 9%
$564,922
$564.9K
Market Conditions
NOI Build-Up for 3,050 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
$76.9K $25.20/SF
− Vacancy
−$4.2K −$1.39/SF
EGI
$72.6K $23.81/SF
− OpEx
−$21.8K −$7.14/SF
NOI
$50.8K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$1,016,860
Cap Rate 7%
$726,329
Cap Rate 9%
$564,922
Alternative Uses
Best Use
Multifamily LT 5
$726.3K
$635.5K – $847.4K
NOI $50,843 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$670.1K
$586.3K – $781.8K
NOI $46,907 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,359 @ 7.0% cap · market cap 20.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
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 - New construction duplex in Riviera Beach, great for homeowners/investors.
Where is this duplex located?
The property is located at 1192 AC Evans Street Riviera Beach, FL.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Brand‑new construction duplex: Ideal for homeowners or investors.; Two units, each with 3 bedrooms and 2.5 bathrooms, totaling 3,050 sq ft of living space.; Durable CBS construction.
