Updated Duplex With Accessory
For Sale
$509,000
2816 HARGILL DR, Orlando, FL 32806
Two separately configured residences offer flexible living arrangements and potential rental use.
Property Size1,163 SF
Days on Market245
Property Features for 2816 HARGILL DR
General Information
Standard status
Active
Size
1,163 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,300
Building Details
Building Size
1,163 SF
Year Built
1954
Listing Agency:
FRE ASSOCIATES LLC
(321) 278-0433
Listed By:
Tony Scott · License #655005
Source:
Novaorlando
Added: Dec 17, 2025
Changed: Aug 10
Last Checked: Aug 19 at 2:40PM
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 FRE ASSOCIATES LLC
Investment Insights
Based on property information with market context.
This duplex property includes a 1,600-square-foot main residence with two bedrooms, one bathroom, and a bonus room, plus a separate one-bedroom, one-bathroom accessory dwelling unit with its own bonus room. A separate electric meter serves the secondary unit. The property was built in 1954 and has undergone extensive interior and exterior updates, including new flooring, refreshed paint, a modernized kitchen, and a fully renovated bathroom.
The additional dwelling creates flexibility for rental use, guest accommodations, or multigenerational living. Both residences provide distinct space within the same property, with the main home and rear accessory unit totaling three bedrooms and two bathrooms.
The additional dwelling creates flexibility for rental use, guest accommodations, or multigenerational living. Both residences provide distinct space within the same property, with the main home and rear accessory unit totaling three bedrooms and two bathrooms.
Key Highlights
- 1,600 SF total configuration with 3 bedrooms and 2 bathrooms
- Separate 1‑bedroom, 1‑bathroom accessory dwelling unit
- Independent electric meter for the secondary unit
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
$16,500
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
3.24%
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%
$330,000
$330.0K
Cap Rate 7%
$235,714
$235.7K
Cap Rate 9%
$183,333
$183.3K
Market Conditions
NOI Build-Up for 1,163 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
$25.1K $21.60/SF
− Vacancy
−$1.5K −$1.33/SF
EGI
$23.6K $20.27/SF
− OpEx
−$7.1K −$6.08/SF
NOI
$16.5K $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%
$330,000
Cap Rate 7%
$235,714
Cap Rate 9%
$183,333
Alternative Uses
Best Use
Multifamily LT 5
$235.7K
$206.3K – $275.0K
NOI $16,500 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$215.3K
$188.4K – $251.2K
NOI $15,071 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$374.6K
$327.8K – $437.1K
NOI $26,225 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 32806, FL
26,582
Population
12,529
Households
2.1
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
3,909
Density / Sq Mi
$86,653
Median Household Income
$54,012
Median Earnings
$1,500
Median Rent
$415,800
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 - Two separately configured residences offer flexible living arrangements and potential rental use.
Where is this duplex located?
The property is located at 2816 HARGILL DR Orlando, FL.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: 1,600 SF total configuration with 3 bedrooms and 2 bathrooms; Separate 1‑bedroom, 1‑bathroom accessory dwelling unit; Independent electric meter for the secondary unit
