Two-Unit
For Sale
$375,000
530-532 PARK AVENUE, Umatilla, FL 32784
Separate apartments allow an owner to occupy one residence while leasing the other.
Property Size1,938 SF
Price / SF$193.50
Days on Market10
Property Features for 530-532 PARK AVENUE
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Duplex
Amenities
0.25 acres, Dimensions: 100x110
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 12-18-26-0600-017-02100, Public Survey Range: 26E, Public Survey Section: 12, Annual Amount: $5,062.07, Tax Block: 017, Tax Book Number: 6-35-37, Legal Description: UMATILLA NORTH UMATILLA LOTS 21 22 BLK 17 PB 6 PGS 35-37 ORB 6042 PG 30, Lot: 21, Year: 2025, Zoning: R-12
Gross Income: $43,200
Central Air
Central
Laundry Room
Listing ID: MFRG5118259, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-25, 1 day on market, Special Conditions: None
High School: Umatilla High
Blinds
4 total bedrooms
Built in 1971, Living area: 1938, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: UMATILLA NORTH UMATILLA, MLS Area (Major): 32784 - Umatilla / Dona Vista, County/Parish: Lake
2 total bathrooms
Electricity Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Wood Burning
Slab
Close Of Escrow
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Private Yard
Open Floorplan, Primary Bedroom Main Floor
Other equipment: Private Yard
Building Details
Year Built
1971
Listing Agency:
COAST TO COAST REAL ESTATE PRO
(352) 296-8930
Listed By:
Alaina Dimare · License #3526621
(407) 457-1834
Source:
Miharaandassociates
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 4 at 9:46AM
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 COAST TO COAST REAL ESTATE PRO
Investment Insights
Based on property information with market context.
This 1,938-square-foot duplex contains two apartments, each configured with two bedrooms and one bathroom. Built in 1971, the property also includes a yard. The two-unit layout supports rental use or an owner-occupant arrangement with one apartment available to lease.
Located at 530-532 Park Avenue in Umatilla, the property is described with a cap rate of nearly 9 percent.
Located at 530-532 Park Avenue in Umatilla, the property is described with a cap rate of nearly 9 percent.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,938 square feet
- Built in 1971
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
$25,848
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
6.89%
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%
$516,960
$517.0K
Cap Rate 7%
$369,257
$369.3K
Cap Rate 9%
$287,200
$287.2K
Market Conditions
NOI Build-Up for 1,938 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
$39.5K $20.40/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$36.9K $19.05/SF
− OpEx
−$11.1K −$5.72/SF
NOI
$25.8K $13.34/SF
Area
Lake 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%
$516,960
Cap Rate 7%
$369,257
Cap Rate 9%
$287,200
Alternative Uses
Best Use
Multifamily LT 5
$369.3K
$323.1K – $430.8K
NOI $25,848 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$340.0K
$297.5K – $396.7K
NOI $23,799 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$551.5K
$482.6K – $643.4K
NOI $38,605 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 32784, FL
11,212
Population
4,971
Households
2.3
Avg Household Size
45
Median Age
12%
College-Educated
88%
High-School Grad
92.8 sq mi
ZIP Area
121
Density / Sq Mi
$69,633
Median Household Income
$40,247
Median Earnings
$1,082
Median Rent
$237,300
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 - Separate apartments allow an owner to occupy one residence while leasing the other.
Where is this duplex located?
The property is located at 530-532 PARK AVENUE Umatilla, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,938 square feet; Built in 1971
