Duplex with Screened
New
For Sale
$469,000
307 S WIMBROW Drive, Sebastian, FL 32958
Two separate units feature split-bedroom layouts, tile flooring, dedicated garages, and views toward Collier Creek.
Property Size2,218 SF
Price / SF$211.45
Days on Market7
Property Features for 307 S WIMBROW Drive
General Information
Standard status
Active
Size
2,218 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RM-8
Occupancy
100%
Units
Multifamily Units
2
Parking per Unit
1
Additional Details
Average Monthly Rent
$1,950
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,207
Amenities
screened porches
Building Details
Building Size
2,218 SF
Year Built
1996
Buildings
1
Stories
1
Construction
CBS
Tenancy
Multi
Listing Agency:
Mac Evoy Real Estate Co
(772) 925-4791
Listed By:
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Source:
Laerrealty
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 22 at 3:41AM
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 Mac Evoy Real Estate Co
Investment Insights
Based on property information with market context.
This CBS duplex at 307 S Wimbrow Drive includes two separate units, each arranged with a split-bedroom floor plan and tile flooring throughout. Both residences have screened rear porches overlooking the rolling lawn and Collier Creek, along with a one-car garage. Each side also includes appliances and a washer and dryer replaced in 2024.
The right unit has been re-piped and received a newer A/C system in 2024. Positioned high along the road, the property combines practical unit layouts with outdoor living areas and dedicated parking. The duplex is described as well maintained and offers a residential income property configuration in Sebastian.
The right unit has been re-piped and received a newer A/C system in 2024. Positioned high along the road, the property combines practical unit layouts with outdoor living areas and dedicated parking. The duplex is described as well maintained and offers a residential income property configuration in Sebastian.
Key Highlights
- Two‑unit CBS duplex with split‑bedroom layouts
- Screened rear porches with views of rolling lawn and Collier Creek
- Each unit includes a 1 car garage
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
$25,259
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
5.39%
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%
$505,180
$505.2K
Cap Rate 7%
$360,843
$360.8K
Cap Rate 9%
$280,656
$280.7K
Market Conditions
NOI Build-Up for 2,218 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
$38.6K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.1K $16.27/SF
− OpEx
−$10.8K −$4.88/SF
NOI
$25.3K $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%
$505,180
Cap Rate 7%
$360,843
Cap Rate 9%
$280,656
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $421.0K
NOI $25,259 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$324.4K
$283.8K – $378.4K
NOI $22,705 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$585.2K
$512.0K – $682.7K
NOI $40,962 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units feature split-bedroom layouts, tile flooring, dedicated garages, and views toward Collier Creek.
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 split‑bedroom layouts; Screened rear porches with views of rolling lawn and Collier Creek; Each unit includes a 1 car garage
