New Construction 2-Unit
For Sale
$450,000
4123 Mandarin Road, Sebring, FL 33875
Two residences feature modern finishes, private outdoor areas, and individual garages with no HOA.
Property Size2,240 SF
Price / SF$200.89
Days on Market165
Property Features for 4123 Mandarin Road
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-family
Building Details
Year Built
2024
Listing Agency:
EXP REALTY LLC
(407) 906-0248
Listed By:
Steve Montgomery · License #3302404
Source:
Realtygroupfl
Added: Mar 5
Changed: Aug 16
Last Checked: Aug 16 at 9:41AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains 2,240 square feet across two residences. Each unit includes 2 bedrooms, 2 bathrooms, a 1-car garage, an open living layout, and a covered patio with private outdoor space. Interior finishes include quartz countertops, wood cabinetry, stainless steel appliances, luxury vinyl plank flooring, and a primary suite.
The property is located in Sebring near shopping, restaurants, golf courses, medical facilities, and downtown. There is no HOA. Its two-unit configuration supports owner occupancy with a second residence or separate use of both units, subject to applicable requirements.
The property is located in Sebring near shopping, restaurants, golf courses, medical facilities, and downtown. There is no HOA. Its two-unit configuration supports owner occupancy with a second residence or separate use of both units, subject to applicable requirements.
Key Highlights
- 2024‑built duplex with 2,240 square feet
- Each unit offers 2 bedrooms, 2 bathrooms, and a 1‑car garage
- Quartz countertops, wood cabinets, stainless steel appliances, and luxury vinyl plank flooring
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
$20,232
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
4.50%
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%
$404,640
$404.6K
Cap Rate 7%
$289,029
$289.0K
Cap Rate 9%
$224,800
$224.8K
Market Conditions
NOI Build-Up for 2,240 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
$30.9K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$28.9K $12.90/SF
− OpEx
−$8.7K −$3.87/SF
NOI
$20.2K $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%
$404,640
Cap Rate 7%
$289,029
Cap Rate 9%
$224,800
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,232 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$268.6K
$235.0K – $313.4K
NOI $18,801 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$466.0K
$407.8K – $543.7K
NOI $32,622 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
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
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 - Two residences feature modern finishes, private outdoor areas, and individual garages with no HOA.
Where is this duplex located?
The property is located at 4123 Mandarin Road Sebring, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2024‑built duplex with 2,240 square feet; Each unit offers 2 bedrooms, 2 bathrooms, and a 1‑car garage; Quartz countertops, wood cabinets, stainless steel appliances, and luxury vinyl plank flooring
