Updated Duplex Property with Screened
For Sale
$450,000
11951 FIORE Drive, Orlando, FL 32827
Residential, ORLANDO, FL
Property Size1,554 SF
Lot Size0.11 Acres
Price / SF$289.58
Days on Market52
Property Features for 11951 FIORE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD/AN
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Dining Room
Parking features
Driveway
Window features
Shutters
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s)
Exterior features
Rain Gutters, Sidewalk
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
VILLAGEWALK/LK NONAA 01B
Lot features
City Limits, Landscaped, Sidewalk, Paved
Elementary school
Village Park Elementary
Middle school
Lake Nona Middle School
High school
Lake Nona High
Directions
*** Non-resident access is through the main gate on Nautica Dr only.*** Head South on Narcoossee Road, Right on Lake Nona Blvd, Left on Nautica Dr.
Standard status
Active
APN
13-24-30-8333-02-760
Size
1,554 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGEWALK AT LAKE NONA UNITS 1A, 1B, AND 1C 63/145 LOT 276
Tax Annual Amount
7946
Legal Description
VILLAGEWALK AT LAKE NONA UNITS 1A, 1B, AND 1C 63/145 LOT 276
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
community town center
deli
gas station
lighted walking and biking trails
sports courts
heated swimming pools
24-hour fitness center
Building Details
Year built
2012
Floors in Building
1
Flooring type
Wood, Tile
Building materials
Block, Concrete, Stucco
Roof type
Tile
Architectural style
Mediterranean
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Lissette Sanchez · License #3283886
(312) 771-2502
Added: Aug 13
Changed: Sep 28
Last Checked: Oct 3 at 11:06PM
MLS# O6432455
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 1,554-square-foot duplex property in VillageWalk at Lake Nona was built in 2012 and features wood and tile flooring, plantation shutters, ceiling fans, and an open kitchen with stone countertops, wood cabinetry, and a breakfast bar. The layout includes three bedrooms, two bathrooms, a den, a walk-in primary closet, and an en-suite bath with dual sinks and a walk-in shower. A covered paver patio connects to an extended screened lanai, while the backyard has no rear neighbors. Additional property features include a tile roof, block, concrete, and stucco construction, central heating and cooling, public water and sewer, and a two-car garage.
Community amenities include a town center, deli, gas station, lighted walking and biking trails, sports courts, heated swimming pools, and a 24-hour fitness center. The property is near Lake Nona Town Center, Boxi Park, Lake Nona Medical City, and Orlando International Airport. The new electric water heater was installed in 2026, and the A/C system was replaced in 2021.
Community amenities include a town center, deli, gas station, lighted walking and biking trails, sports courts, heated swimming pools, and a 24-hour fitness center. The property is near Lake Nona Town Center, Boxi Park, Lake Nona Medical City, and Orlando International Airport. The new electric water heater was installed in 2026, and the A/C system was replaced in 2021.
Key Highlights
- 1,554‑square‑foot duplex property on a 0.11‑acre lot
- Three bedrooms and two bathrooms with a flexible den
- Extended screened lanai with covered paver patio and no rear neighbors
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
$22,047
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
4.90%
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%
$440,940
$440.9K
Cap Rate 7%
$314,957
$315.0K
Cap Rate 9%
$244,967
$245.0K
Market Conditions
NOI Build-Up for 1,554 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
$33.6K $21.60/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$31.5K $20.27/SF
− OpEx
−$9.4K −$6.08/SF
NOI
$22.0K $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%
$440,940
Cap Rate 7%
$314,957
Cap Rate 9%
$244,967
Alternative Uses
Best Use
Multifamily LT 5
$315.0K
$275.6K – $367.5K
NOI $22,047 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,138 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$500.6K
$438.0K – $584.0K
NOI $35,042 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
72
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential property in VillageWalk at Lake Nona with open living areas, outdoor space, and access to extensive community amenities.
Where is this duplex located?
The property is located at 11951 FIORE Drive Orlando, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,554‑square‑foot duplex property on a 0.11‑acre lot; Three bedrooms and two bathrooms with a flexible den; Extended screened lanai with covered paver patio and no rear neighbors
