CBS Duplex with Private
For Sale
$619,000
5735 Kumquat Road, West Palm Beach, FL 33413
Central A/C and in-unit washers and dryers support two 2-bedroom units, each with a fenced backyard and dedicated parking.
Property Size1,668 SF
Price / SF$371.10
Days on Market28
Property Features for 5735 Kumquat Road
General Information
Standard status
Active
Size
1,668 SF
Total Parking Spaces
8
Property subtype
Duplex
Occupancy
100%
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
central A/C
in-unit washer/dryer
tile flooring
walk-in closets
private fenced backyard
separate electric meter
city water
Building Details
Year Built
1981
Construction
CBS
Tenancy
Multi
Listing Agency:
KW Reserve Palm Beach
(561) 678-5584
Listed By:
Loodmy Jacques · License #R11165434
(561) 678-5584
Source:
Lehmannflorida
Added: Jul 16
Changed: Aug 12
Last Checked: Aug 12 at 5:50AM
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 KW Reserve Palm Beach
Investment Insights
Based on property information with market context.
This CBS duplex includes two separate 2-bedroom, 1-bathroom units, each with its own private fenced backyard and dedicated parking for four vehicles. The units are separately metered with a separate electric meter and are served by city water. Both residences feature central A/C, tile flooring, walk-in closets, and in-unit washers and dryers, and have been remodeled and updated.
The property is currently tenant-occupied on month-to-month leases. One unit is generating $2,200 per month and the other is generating $2,300 per month, providing current rental income with ongoing leasing flexibility.
Each unit offers a practical, self-contained layout supported by separate utilities, private outdoor space, and dedicated parking.
The property is currently tenant-occupied on month-to-month leases. One unit is generating $2,200 per month and the other is generating $2,300 per month, providing current rental income with ongoing leasing flexibility.
Each unit offers a practical, self-contained layout supported by separate utilities, private outdoor space, and dedicated parking.
Key Highlights
- CBS duplex built in 1981 with two 2‑bedroom, 1‑bath units
- Each unit has its own private fenced backyard
- Dedicated parking for 4 vehicles per 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
$31,214
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
5.04%
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%
$624,280
$624.3K
Cap Rate 7%
$445,914
$445.9K
Cap Rate 9%
$346,822
$346.8K
Market Conditions
NOI Build-Up for 1,668 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
$47.0K $28.20/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$44.6K $26.73/SF
− OpEx
−$13.4K −$8.02/SF
NOI
$31.2K $18.71/SF
Area
West Palm Beach, FL
Vacancy
5.20%
Lease Rate
$28.20 /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%
$624,280
Cap Rate 7%
$445,914
Cap Rate 9%
$346,822
Alternative Uses
Best Use
Multifamily LT 5
$445.9K
$390.2K – $520.2K
NOI $31,214 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$414.7K
$362.9K – $483.9K
NOI $29,031 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,229 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 33413, FL
17,503
Population
6,217
Households
2.8
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
7.2 sq mi
ZIP Area
2,431
Density / Sq Mi
$80,527
Median Household Income
$41,644
Median Earnings
$2,016
Median Rent
$405,900
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 - Central A/C and in-unit washers and dryers support two 2-bedroom units, each with a fenced backyard and dedicated parking.
Where is this duplex located?
The property is located at 5735 Kumquat Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: CBS duplex built in 1981 with two 2‑bedroom, 1‑bath units; Each unit has its own private fenced backyard; Dedicated parking for 4 vehicles per unit
