Tenant-Occupied Duplex
For Sale
$999,999
Pending
527 SW 34th Ter, Palm City, FL 34990
The duplex includes two-bedroom, two-bath units with central air and a new roof.
Property Size3,110 SF
Days on Market44
Property Features for 527 SW 34th Ter
General Information
Standard status
Pending
Size
3,110 SF
Property subtype
Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,321
Building Details
Building Size
3,110 SF
Year Built
1974
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Jeremiah Baron & Co. Commercial Real Estate LLC
(772) 233-2888
Listed By:
Christopher Bondi · License #3319900
(772) 233-2888
Source:
Elliman
Added: Jul 18
Changed: Aug 30
Last Checked: Jun 16 at 2:43PM
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 Jeremiah Baron & Co. Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex property contains two-bedroom, two-bath units with central air throughout and just over 2,000 SF of living space. A new roof is in place, and the lot provides outdoor space and added privacy for occupants.
The property is fully rented to stable, long-term tenants, providing an existing occupancy profile. Built in 1974, it is located at 527 SW 34th Terrace in Palm City and carries Old Palm City Redevelopment zoning.
The property is fully rented to stable, long-term tenants, providing an existing occupancy profile. Built in 1974, it is located at 527 SW 34th Terrace in Palm City and carries Old Palm City Redevelopment zoning.
Key Highlights
- Fully rented duplex with stable, long‑term tenants
- 2‑bedroom, 2‑bath units with just over 2,000 sf of living space
- Central air throughout each unit
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
$45,671
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
4.57%
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%
$913,420
$913.4K
Cap Rate 7%
$652,443
$652.4K
Cap Rate 9%
$507,456
$507.5K
Market Conditions
NOI Build-Up for 3,110 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
$69.0K $22.20/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$65.2K $20.98/SF
− OpEx
−$19.6K −$6.29/SF
NOI
$45.7K $14.69/SF
Area
Martin County, FL
Vacancy
5.50%
Lease Rate
$22.20 /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%
$913,420
Cap Rate 7%
$652,443
Cap Rate 9%
$507,456
Alternative Uses
Best Use
Multifamily LT 5
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$542.3K
$474.5K – $632.7K
NOI $37,959 @ 7.0% cap · market cap 3.80%
Theoretical Best
Retail
$817.0K
$714.9K – $953.2K
NOI $57,192 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
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 - The duplex includes two-bedroom, two-bath units with central air and a new roof.
Where is this duplex located?
The property is located at 527 SW 34th Ter Palm City, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Fully rented duplex with stable, long‑term tenants; 2‑bedroom, 2‑bath units with just over 2,000 sf of living space; Central air throughout each unit
