Three-Unit Triplex with Wooded
For Sale
$389,000
11347 KIMBERLY AVENUE B, Englewood, FL 34224
Residential income property with three separately configured units and surrounding green space.
Property Size1,898 SF
Price / SF$204.95
Days on Market713
Property Features for 11347 KIMBERLY AVENUE B
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3/2, 1 x 2/2, 1 x 1/1
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,845
Building Details
Year Built
1989
Buildings
1
Listing Agency:
EXP REALTY LLC
(941) 999-0364
Listed By:
Justin Benz · License #3441001
(941) 999-0364
Source:
Exitrealty
Added: Sep 19, 2024
Changed: Aug 31
Last Checked: Aug 31 at 4:48PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This triplex contains 1,898 square feet arranged across three units: a front residence with three bedrooms and two bathrooms, a middle unit with two bedrooms and two bathrooms, and a rear one-bedroom, one-bath unit. Built in 1989, the property provides a varied unit mix within a single residential income asset.
The building is located at 11347 Kimberly Avenue B in Englewood, Florida. Wooded surroundings and open green space frame the property while allowing natural light across the site. Each unit can be rented, supporting flexible leasing for the three-unit configuration.
The building is located at 11347 Kimberly Avenue B in Englewood, Florida. Wooded surroundings and open green space frame the property while allowing natural light across the site. Each unit can be rented, supporting flexible leasing for the three-unit configuration.
Key Highlights
- Three‑unit triplex with a 3‑bedroom, 2‑bath front unit
- Middle unit includes 2 bedrooms and 2 bathrooms
- Rear unit offers 1 bedroom and 1 bathroom
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
$18,361
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
4.72%
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%
$367,220
$367.2K
Cap Rate 7%
$262,300
$262.3K
Cap Rate 9%
$204,011
$204.0K
Market Conditions
NOI Build-Up for 1,898 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
$32.3K $17.04/SF
− Vacancy
−$6.1K −$3.22/SF
EGI
$26.2K $13.82/SF
− OpEx
−$7.9K −$4.15/SF
NOI
$18.4K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$367,220
Cap Rate 7%
$262,300
Cap Rate 9%
$204,011
Alternative Uses
Best Use
Multifamily LT 5
$262.3K
$229.5K – $306.0K
NOI $18,361 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$239.4K
$209.5K – $279.3K
NOI $16,757 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$621.5K
$543.8K – $725.0K
NOI $43,502 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
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?
Triplex - Residential income property with three separately configured units and surrounding green space.
Where is this triplex located?
The property is located at 11347 KIMBERLY AVENUE B Englewood, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Three‑unit triplex with a 3‑bedroom, 2‑bath front unit; Middle unit includes 2 bedrooms and 2 bathrooms; Rear unit offers 1 bedroom and 1 bathroom
