Creek-View Duplex with
New
For Sale
$469,000
307 S Wimbrow Drive, Sebastian, FL 32958
ResidentialIncome, Sebastian, FL
Property Size2,200 SF
Price / SF$213.18
Days on Market5
Property Features for 307 S Wimbrow Drive
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
,
Zoning description
Multiple, Residential
Parking
4
Parking features
Garage
Window features
Blinds
Patio and Porch features
Porch
Interior features
KitchenIsland, SplitBedrooms, WalkInClosets
Exterior features
EnclosedPorch
Subdivision
Sebastian Highlands
Lot features
Quarter To Half Acre Lot
Directions
US 1 to Sebastian Blvd. Left onto S Wimbrow Drive
Standard status
Active
APN
31381200005503000010.0
Taxes and HOA fees
Tax Year
2026
Tax Description
SEBASTIAN HIGHLANDS UNIT 14 BLK 503 LOT 10 PBI 8-43
Tax Annual Amount
6449
Legal Description
SEBASTIAN HIGHLANDS UNIT 14 BLK 503 LOT 10 PBI 8-43
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Pond, Creek, Lake
Water front
1
Amenities
tile floors
screened back porches
newer appliances
newer washer and dryer
Building Details
Year built
1996
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Mac Evoy Real Estate Co
(772) 589-0400
Listed By:
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 22 at 7:06AM
MLS# 299379
Copyright © 2026 Realtors Association of Indian River County. 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.
Built in 1996, this CBS duplex offers nearly 2,200 square feet across two units, with a split-bedroom layout in each side. Tile flooring runs throughout, while central heating and central air serve the interiors. Each unit includes a kitchen island, walk-in closets, a screened rear porch, and a one-car garage. Both sides also feature appliances and washer/dryer sets installed in 2024. The right unit has a newer 2024 A/C system and has been re-piped.
The property sits high on the road and looks toward a rolling lawn and Collier Creek from the screened porches. Public water and septic service are in place. Located at 307 S Wimbrow Drive in Sebastian, the duplex combines a two-unit configuration with dedicated garage parking and outdoor living areas.
The property sits high on the road and looks toward a rolling lawn and Collier Creek from the screened porches. Public water and septic service are in place. Located at 307 S Wimbrow Drive in Sebastian, the duplex combines a two-unit configuration with dedicated garage parking and outdoor living areas.
Key Highlights
- Two‑unit CBS duplex with nearly 2,200 sq ft total
- Each unit includes a one‑car garage and screened rear porch
- 2024 appliances and washer/dryer sets in both units
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
$25,054
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
5.34%
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%
$501,080
$501.1K
Cap Rate 7%
$357,914
$357.9K
Cap Rate 9%
$278,378
$278.4K
Market Conditions
NOI Build-Up for 2,200 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
$38.3K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.8K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.1K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /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%
$501,080
Cap Rate 7%
$357,914
Cap Rate 9%
$278,378
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.4K
NOI $22,521 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
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-bedroom-style layouts, screened porches, updated appliances, and individual garages support comfortable residential occupancy.
Where is this duplex located?
The property is located at 307 S Wimbrow Drive Sebastian, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two‑unit CBS duplex with nearly 2,200 sq ft total; Each unit includes a one‑car garage and screened rear porch; 2024 appliances and washer/dryer sets in both units
