Residential Income
For Sale
$625,000
334 MOCKINGBIRD Lane 1, Lantana, FL 33462
Residential income duplex offered for sale as a residential income property.
Property Size1,712 SF
Days on Market52
Property Features for 334 MOCKINGBIRD Lane 1
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,013
Building Details
Building Size
1,712 SF
Year Built
1979
Listing Agency:
Lokation
Listed By:
Agathe Milhomme · License #3651408
(786) 356-9915
Source:
Meyerlucas
Added: Jul 18
Changed: Sep 4
Last Checked: Sep 6 at 10:29AM
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 Lokation
Investment Insights
Based on property information with market context.
This offering is a residential income duplex, listed for sale under multifamily/residential income property types. The property includes a specified unit designation: Unit 1.
The available information does not describe additional interior features, unit configuration details, or on-site amenities beyond the duplex designation.
With the provided data limited to property type and listing basics, prospective buyers are encouraged to review the full offering details for complete layout, condition, and operating characteristics.
The available information does not describe additional interior features, unit configuration details, or on-site amenities beyond the duplex designation.
With the provided data limited to property type and listing basics, prospective buyers are encouraged to review the full offering details for complete layout, condition, and operating characteristics.
Key Highlights
- Duplex residential income property built in 1979
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
$28,539
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
4.57%
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%
$570,780
$570.8K
Cap Rate 7%
$407,700
$407.7K
Cap Rate 9%
$317,100
$317.1K
Market Conditions
NOI Build-Up for 1,712 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
$43.1K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.8K $23.81/SF
− OpEx
−$12.2K −$7.14/SF
NOI
$28.5K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$570,780
Cap Rate 7%
$407,700
Cap Rate 9%
$317,100
Alternative Uses
Best Use
Multifamily LT 5
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$376.1K
$329.1K – $438.8K
NOI $26,329 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,398 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
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 - Residential income duplex offered for sale as a residential income property.
Where is this duplex located?
The property is located at 334 MOCKINGBIRD Lane 1 Lantana, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Duplex residential income property built in 1979
