Two-Bedroom
For Sale
$200,000
4033 ANNA Drive, Apopka, FL 32703
Residential, APOPKA, FL
Property Size1,026 SF
Lot Size0.16 Acres
Price / SF$194.93
Days on Market135
Property Features for 4033 ANNA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Interior features
Ceiling Fans(s)
Appliances
Built-In Oven, Microwave, Refrigerator
Subdivision
CIMARRON GROVES
Directions
head west toward Apopka via FL-414 W (Apopka Expressway). Take the exit toward US-441/Orange Blossom Trail and turn right onto US-441 N. Continue on US-441, then turn left onto Park Avenue. Proceed to Anna Drive and turn right. The property at 4033 Anna Dr will be on your left.
Standard status
Active
APN
17-21-29-521-0000-015A
Size
1,026 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 15 (LESS BEG SW COR RUN E 135.49 FT N 40 FT W 89.68 FT S 80 DEG 58 MIN 44 SEC W 26.41 FT S 55 DEG 26 MINN W 27 FT SELY ON CURVE 20.84 FT TO BEG) CIMMARON GROVES PB 31 PGS 56 & 57
Tax Annual Amount
2532
Legal Description
LOT 15 (LESS BEG SW COR RUN E 135.49 FT N 40 FT W 89.68 FT S 80 DEG 58 MIN 44 SEC W 26.41 FT S 55 DEG 26 MINN W 27 FT SELY ON CURVE 20.84 FT TO BEG) CIMMARON GROVES PB 31 PGS 56 & 57
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Tile
Building materials
Concrete
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Ryan Langley · License #681367
(407) 802-6462
Added: Apr 23
Changed: Sep 3
Last Checked: Sep 4 at 6:06AM
MLS# O6403111
Copyright © 2026 Stellar MLS. 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 duplex property contains 1,026 square feet on a 0.16-acre lot and was built in 1986. The residence includes two bedrooms and two bathrooms, with tile flooring, ceiling fans, a concrete construction system, and a shingle roof. Central heating and central air conditioning support year-round interior comfort. The kitchen is equipped with a built-in oven, microwave, and refrigerator, while public water and private sewer serve the property.
Located at 4033 ANNA Drive in Apopka, the property carries R-2 zoning. Cable is available, and the address is within ZIP Code 32703.
Located at 4033 ANNA Drive in Apopka, the property carries R-2 zoning. Cable is available, and the address is within ZIP Code 32703.
Key Highlights
- 1,026‑square‑foot duplex on a 0.16‑acre lot
- Two bedrooms and two bathrooms
- R‑2 zoning at 4033 ANNA Drive, Apopka, FL 32703
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
$13,684
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
6.84%
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%
$273,680
$273.7K
Cap Rate 7%
$195,486
$195.5K
Cap Rate 9%
$152,044
$152.0K
Market Conditions
NOI Build-Up for 1,026 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 $20.40/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$19.5K $19.05/SF
− OpEx
−$5.9K −$5.72/SF
NOI
$13.7K $13.34/SF
Area
Orange County, FL
Vacancy
6.60%
Lease Rate
$20.40 /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%
$273,680
Cap Rate 7%
$195,486
Cap Rate 9%
$152,044
Alternative Uses
Best Use
Multifamily LT 5
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$292.0K
$255.5K – $340.6K
NOI $20,438 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
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 - Concrete duplex with tile floors, central systems, and a private backyard on a residential lot.
Where is this duplex located?
The property is located at 4033 ANNA Drive Apopka, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,026‑square‑foot duplex on a 0.16‑acre lot; Two bedrooms and two bathrooms; R‑2 zoning at 4033 ANNA Drive, Apopka, FL 32703
