For Sale
Under Contract
$274,900
3855 Rodeo Drive, Sebring, FL 33875
Residential, Single Story, Split Floor Plan, Sebring, FL
Property Size2,143 SF
Lot Size0.22 Acres
Price / SF$128.28
Days on Market10
Property Features for 3855 Rodeo Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3FUD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage, Driveway
Patio and Porch features
Patio
Pets allowed
Cats OK, Yes, Dogs OK
Interior features
BB / HS Internet Available, Blinds, Cable TV Available, Ceiling Fans, Garage Door Opener, Grab Bars, Hand Rails, Unfurnished
Exterior features
Patio, Stucco, Well Irrigation
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer, Wtr Heater-Electric
Elementary school
Cracker Trail Elementary
Middle school
Sebring Middle
High school
Sebring High
Directions
At the INTERSECTION of US HIGHWAY 27 and HAMMOCK RD, Travel WEST on HAMMOCK RD. Turn LEFT onto CR 635. Turn RIGHT into The Country Club of Sebring (HAW BRANCH RD). Turn RIGHT onto RODEO DR. The Property will be located on the RIGHT.
Standard status
Active Under Contract
APN
C-09-35-28-011-0000-44C0
Size
2,143 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PRAIRIE OAKS PHASE I PB 14 PG 29 LOT 44C + PORT OF CONTIG TRACT EE
Tax Annual Amount
2761
HOA Fee
$750 Annually
Legal Description
PRAIRIE OAKS PHASE I PB 14 PG 29 LOT 44C + PORT OF CONTIG TRACT EE
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1986
Floors in Building
1
Flooring type
Vinyl
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Emily Jones · License #3402440
(863) 446-3246
Added: Aug 19
Changed: Aug 27
Last Checked: Aug 28 at 10:06AM
MLS# 327296
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.
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
$17,987
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
6.54%
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%
$359,740
$359.7K
Cap Rate 7%
$256,957
$257.0K
Cap Rate 9%
$199,856
$199.9K
Market Conditions
NOI Build-Up for 2,143 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
$34.7K $16.20/SF
− Vacancy
−$2.0K −$0.94/SF
EGI
$32.7K $15.26/SF
− OpEx
−$14.7K −$6.87/SF
NOI
$18.0K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$359,740
Cap Rate 7%
$256,957
Cap Rate 9%
$199,856
Alternative Uses
Best Use
Apartment 5plus
$257.0K
$224.8K – $299.8K
NOI $17,987 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.8K
$390.1K – $520.2K
NOI $31,209 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 33875, FL
11,004
Population
5,655
Households
1.9
Avg Household Size
53
Median Age
26%
College-Educated
92%
High-School Grad
53.4 sq mi
ZIP Area
206
Density / Sq Mi
$76,990
Median Household Income
$48,235
Median Earnings
$1,130
Median Rent
$216,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
Where is this single family property located?
The property is located at 3855 Rodeo Drive Sebring, FL.
What is the asking price?
The asking price for this property is $274,900.
