First-Floor Residential Income
For Sale
$225,000
1375 TUSCANA 1108, Davenport, FL 33896
Occupied three-bedroom residence with resort amenities, screened outdoor space, and a lease extending into 2027.
Property Size1,210 SF
Days on Market137
Property Features for 1375 TUSCANA 1108
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Other
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,529
Amenities
resort-style pool and spa
fitness center
private theater
playground
on-site dining option
Building Details
Building Size
1,210 SF
Year Built
2007
Tenancy
Single
Listed By:
Irma Shaffer · License #3430837
(407) 748-2930
Source:
Elliman
Added: Apr 21
Changed: Sep 2
Last Checked: Sep 2 at 9:05PM
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 Irma Shaffer
Investment Insights
Based on property information with market context.
Built in 2007, this first-level condominium offers three bedrooms and two full bathrooms within the gated Tuscana Resort community. The interior connects the living and dining areas in an open arrangement, while the kitchen includes wood cabinetry, granite countertops, and substantial storage. The primary suite features a walk-in closet and private bathroom with a walk-in shower. Two additional bedrooms, a second full bathroom, and storage throughout support flexible residential use. A screened patio faces green space.
Community amenities include a resort-style pool and spa, fitness center, private theater, playground, and on-site dining. The property is near I-4, ChampionsGate shopping and dining, golf courses, and Central Florida attractions. A tenant is in place through February 2027.
Community amenities include a resort-style pool and spa, fitness center, private theater, playground, and on-site dining. The property is near I-4, ChampionsGate shopping and dining, golf courses, and Central Florida attractions. A tenant is in place through February 2027.
Key Highlights
- Three‑bedroom, two‑bath first‑floor condominium
- Tenant occupancy extends through February 2027
- Built in 2007 within gated Tuscana Resort
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
$11,461
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
5.09%
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%
$229,220
$229.2K
Cap Rate 7%
$163,729
$163.7K
Cap Rate 9%
$127,344
$127.3K
Market Conditions
NOI Build-Up for 1,210 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
$22.2K $18.36/SF
− Vacancy
−$1.4K −$1.14/SF
EGI
$20.8K $17.22/SF
− OpEx
−$9.4K −$7.75/SF
NOI
$11.5K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /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%
$229,220
Cap Rate 7%
$163,729
Cap Rate 9%
$127,344
Alternative Uses
Best Use
Apartment 5plus
$163.7K
$143.3K – $191.0K
NOI $11,461 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.8K
$254.4K – $339.2K
NOI $20,354 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 33896, FL
19,444
Population
11,929
Households
1.6
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
963
Density / Sq Mi
$74,485
Median Household Income
$39,558
Median Earnings
$1,969
Median Rent
$307,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Occupied three-bedroom residence with resort amenities, screened outdoor space, and a lease extending into 2027.
Where is this residential income property located?
The property is located at 1375 TUSCANA 1108 Davenport, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath first‑floor condominium; Tenant occupancy extends through February 2027; Built in 2007 within gated Tuscana Resort
