Two-Bedroom Multifamily
For Sale
$180,000
Pending
3981 NW Cinnamon Tree Circle, Jensen Beach, FL 34957
Residential, Jensen Beach, FL
Property Size1,037 SF
Lot Size0.04 Acres
Days on Market68
Property Features for 3981 NW Cinnamon Tree Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PUD-R
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking
1
Parking features
Guest, Assigned
Patio and Porch features
Patio
Pets allowed
Yes, Number Limit, Size Limit
Interior features
Entrance Foyer
Appliances
Electric Water Heater, Range, Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Water Heater, Water Heater Owned
Subdivision
CINNAMON TREE
Elementary school
Jensen Beach
Middle school
Stuart
High school
Jensen Beach
Directions
Us Hwy 1 - east on Goldenrod Road - Entrance to community. Turn right at stop sign and follow around to 3981
Standard status
Pending
APN
183741005000140406
Size
1,037 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CINNAMON TREE LOT 1404
Tax Annual Amount
2610
Expense value
225
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$506 Monthly
Legal Description
CINNAMON TREE LOT 1404
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
community pool
indoor laundry room
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile, Engineered
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Engage
(772) 678-2099
Listed By:
Cheryl M. Giannunzio · License #3053272
(772) 631-5185
Added: Jul 20
Changed: Sep 15
Last Checked: Sep 25 at 7:06PM
MLS# B26054257
Copyright © 2026 BeachesMLS. 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 two-bedroom, two-bathroom villa is located in the Cinnamon Tree community and offers interior features including an entrance foyer and a large indoor laundry room. Flooring is tile and engineered wood throughout the main living areas. The kitchen includes newer cabinets, granite countertops, and newer appliances such as a range and dishwasher, along with washer and dryer. The home is framed construction with central heating and central air conditioning, and a shingle roof. Parking is available with guest and assigned spaces, and the property includes a patio.
The villa sits on a 0.04-acre lot with public water and public sewer. It is zoned PUD-R and was built in 1981. Community amenities include a pool, with HOA fees also covering cable TV and Internet service, water and sewer, and lawn care.
The villa sits on a 0.04-acre lot with public water and public sewer. It is zoned PUD-R and was built in 1981. Community amenities include a pool, with HOA fees also covering cable TV and Internet service, water and sewer, and lawn care.
Key Highlights
- Two bedrooms and two bathrooms with a large indoor laundry room
- 0.04‑acre lot with public water and public sewer
- Tile and engineered wood flooring plus patio
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
$12,657
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
7.03%
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%
$253,140
$253.1K
Cap Rate 7%
$180,814
$180.8K
Cap Rate 9%
$140,633
$140.6K
Market Conditions
NOI Build-Up for 1,037 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
$24.6K $23.76/SF
− Vacancy
−$1.6K −$1.57/SF
EGI
$23.0K $22.19/SF
− OpEx
−$10.4K −$9.99/SF
NOI
$12.7K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /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%
$253,140
Cap Rate 7%
$180,814
Cap Rate 9%
$140,633
Alternative Uses
Best Use
Apartment 5plus
$180.8K
$158.2K – $211.0K
NOI $12,657 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$272.4K
$238.4K – $317.8K
NOI $19,070 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - PUD-R villa with two bedrooms and two baths, featuring tile and engineered wood floors plus a patio.
Where is this single family property located?
The property is located at 3981 NW Cinnamon Tree Circle Jensen Beach, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms with a large indoor laundry room; 0.04‑acre lot with public water and public sewer; Tile and engineered wood flooring plus patio
