Lakefront Multifamily Investment
For Sale
$4,500,000
1001 LAKEVIEW Dr, Sebring, FL 33870
43 units in Sebring, Florida, on 3.5 acres.
Property Size43,700 SF
Lot Size3.50 Acres
Days on Market106
Property Features for 1001 LAKEVIEW Dr
General Information
Standard status
Active
Size
43,700 SF
Lot size
3.50 Acres
Property subtype
Commercial
Lease Term
Month-to-month
Building Details
Building Size
43,700 SF
Listing Agency:
Arthur Pollio R.E. Broker
(954) 593-5323
Listed By:
Arthur Pollio · License #0194304
(954) 593-5323
Source:
Elliman
Added: Apr 24
Changed: Aug 7
Last Checked: Aug 7 at 1:58AM
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 Arthur Pollio R.E. Broker
Investment Insights
Based on property information with market context.
This multifamily property features 43 units across six buildings on a 3.5-acre lakefront site. The property includes multiple 8-unit buildings and an 18-unit building. Constructed with double T concrete, the buildings are described as substantially built. Additionally, there is a two-story single-family lake house and a large office space with a reception area, conference room, office, and full kitchen. The property is located across the street from a shopping area with a Publix, CVS, Bealls Outlet, and Dollar Tree, at the double intersection of US 27 and Lakeview Drive in Sebring, Florida.
Key Highlights
- 43 Units: Own a significant multi‑unit complex.
- Lakefront Property: Prime location on the lake.
- Commercial Potential: Includes a large office with reception, conference room, and full kitchen.
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
$366,784
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
8.15%
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%
$7,335,680
$7.3M
Cap Rate 7%
$5,239,771
$5.2M
Cap Rate 9%
$4,075,378
$4.1M
Market Conditions
NOI Build-Up for 43,700 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
$707.9K $16.20/SF
− Vacancy
−$41.1K −$0.94/SF
EGI
$666.9K $15.26/SF
− OpEx
−$300.1K −$6.87/SF
NOI
$366.8K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$7,335,680
Cap Rate 7%
$5,239,771
Cap Rate 9%
$4,075,378
Alternative Uses
Best Use
Apartment 5plus
$5.24M
$4.58M – $6.11M
NOI $366,784 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.09M
$7.96M – $10.61M
NOI $636,412 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
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?
Apartment building - 43 units in Sebring, Florida, on 3.5 acres.
Where is this apartment building located?
The property is located at 1001 LAKEVIEW Dr Sebring, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 43 Units: Own a significant multi‑unit complex.; Lakefront Property: Prime location on the lake.; Commercial Potential: Includes a large office with reception, conference room, and full kitchen.
