Furnished Duplex Property with
For Sale
$185,000
3718 Thunderbird Hill Circle, Sebring, FL 33872
Residential, Single Story, Sebring, FL
Property Size1,512 SF
Lot Size0.13 Acres
Price / SF$122.35
Days on Market22
Property Features for 3718 Thunderbird Hill Circle
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R2FUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Garage
Pets allowed
Yes
Interior features
BB / HS Internet Available, Blinds, Cable TV Available, Cathedral Ceilings, Ceiling Fans, Fully Furnished, Garage Door Opener
Exterior features
Central Irrigation, Stucco
Appliances
Dishwasher, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Wtr Heater-Electric
Directions
Starting at Hammock Rd and Hwy 27. Turn left/North on Hwy 27, turn left on Thunderbird Rd, turn left on Thunderbird Hill Rd, turn right on Thunderbird Hill Cir, home on right.
Standard status
Active
APN
C-27-34-28-060-0000-005B
Size
1,512 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THUNDERBIRD HILL VILLAGE I PB 14 PG 9 LOT 5B
Tax Annual Amount
1558
HOA Fee
$85 Monthly
Legal Description
THUNDERBIRD HILL VILLAGE I PB 14 PG 9 LOT 5B
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1985
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
Dawn Dell
(863) 381-0400
Added: Aug 6
Changed: Aug 22
Last Checked: Aug 27 at 2:06PM
MLS# 327037
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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.
This furnished duplex property in Sebring offers 1,512 square feet of single-story living space with two bedrooms, two bathrooms, and an attached one-car garage. Interior improvements include a remodeled kitchen, renovated bathrooms, cathedral ceilings, ceiling fans, blinds, and a mix of vinyl and tile flooring. The residence also includes a dishwasher, microwave, refrigerator, range, electric water heater, central heating, and central air conditioning. Stucco exterior construction, concrete block materials, a shingle roof, central irrigation, and a garage door opener are also provided.
A new roof was installed in 2025. The property sits on a 0.13-acre lot within Thunderbird Hills Village, a 55+ community, and is zoned R2FUD. Its address is 3718 Thunderbird Hill Circle, Sebring, FL 33872.
A new roof was installed in 2025. The property sits on a 0.13-acre lot within Thunderbird Hills Village, a 55+ community, and is zoned R2FUD. Its address is 3718 Thunderbird Hill Circle, Sebring, FL 33872.
Key Highlights
- 1,512‑square‑foot duplex property on a 0.13‑acre lot
- Two bedrooms, two bathrooms, and an attached one‑car garage
- Remodeled kitchen and two renovated bathrooms
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
$13,657
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
7.38%
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%
$273,140
$273.1K
Cap Rate 7%
$195,100
$195.1K
Cap Rate 9%
$151,744
$151.7K
Market Conditions
NOI Build-Up for 1,512 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
$20.9K $13.80/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$19.5K $12.90/SF
− OpEx
−$5.9K −$3.87/SF
NOI
$13.7K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /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%
$273,140
Cap Rate 7%
$195,100
Cap Rate 9%
$151,744
Alternative Uses
Best Use
Multifamily LT 5
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,691 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$314.6K
$275.3K – $367.0K
NOI $22,020 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 33872, FL
13,167
Population
7,882
Households
1.7
Avg Household Size
62
Median Age
29%
College-Educated
91%
High-School Grad
22.7 sq mi
ZIP Area
580
Density / Sq Mi
$68,086
Median Household Income
$42,831
Median Earnings
$1,157
Median Rent
$193,900
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 - Updated, single-story residence in a 55+ community with remodeled interiors, attached parking, and low-maintenance finishes.
Where is this duplex located?
The property is located at 3718 Thunderbird Hill Circle Sebring, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,512‑square‑foot duplex property on a 0.13‑acre lot; Two bedrooms, two bathrooms, and an attached one‑car garage; Remodeled kitchen and two renovated bathrooms
