Duplex with Community
For Sale
$264,999
5739 LACAR Way, Lakeland, FL 33805
Residential, LAKELAND, FL
Property Size1,380 SF
Lot Size0.09 Acres
Price / SF$192.03
Days on Market8
Property Features for 5739 LACAR Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Family Room, Bedroom 3, Bedroom 2
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, In Wall Pest System, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s)
Exterior features
Playground, Private Yard
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
VILLAGES/BRIDGEWATERVILLAGE 08
Lot features
Landscaped, Level, Sidewalk, Paved
Elementary school
Wendell Watson Elem
Middle school
Lake Gibson Middle/Junio
High school
Tenoroc Senior
Directions
From I-4, get off at exit 33 turn left onto Hwy 33, Left on Huron Way, Left on Maggiore Blvd, Right onto Lacar Way. SOP
Standard status
Active
APN
24-27-21-161755-020082
Size
1,380 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGES AT BRIDGEWATER VILLAGE 8 PB 146 PGS 5 & 6 BLK B LOT 8B
Tax Annual Amount
3512
Legal Description
VILLAGES AT BRIDGEWATER VILLAGE 8 PB 146 PGS 5 & 6 BLK B LOT 8B
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
resort-style pool
clubhouse
fitness center
tennis courts
basketball court
playground
sidewalks
private dock
lake access
Cable TV
internet
Building Details
Year built
2016
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Tiffani Cook · License #3657604
(863) 335-0440
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 24 at 2:06AM
MLS# L4964318
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 2016-built duplex property in Lakeland includes 1,380 square feet on a 0.09-acre lot. The interior features an open floor plan connecting the kitchen and family room, with stone counters, an eat-in area, a walk-in closet, and the primary bedroom on the main floor. Tile and laminate flooring, central heating and cooling, ceiling fans, and a fenced private yard add practical features. The kitchen includes a dishwasher, disposal, microwave, and range.
Residents have access to a community pool, clubhouse, fitness center, tennis and basketball courts, playground, sidewalks, a private dock, and lake access. Cable TV and internet are included, while public water and public sewer serve the property. Additional features include a shingle roof, block and concrete construction, central air, and an in-wall pest system.
Residents have access to a community pool, clubhouse, fitness center, tennis and basketball courts, playground, sidewalks, a private dock, and lake access. Cable TV and internet are included, while public water and public sewer serve the property. Additional features include a shingle roof, block and concrete construction, central air, and an in-wall pest system.
Key Highlights
- 1,380‑square‑foot duplex property built in 2016
- 0.09‑acre lot with a fenced private yard
- Open kitchen and family room arrangement with stone counters
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
$14,632
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
5.52%
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%
$292,640
$292.6K
Cap Rate 7%
$209,029
$209.0K
Cap Rate 9%
$162,578
$162.6K
Market Conditions
NOI Build-Up for 1,380 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
$22.4K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$20.9K $15.15/SF
− OpEx
−$6.3K −$4.54/SF
NOI
$14.6K $10.60/SF
Area
Lakeland, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$292,640
Cap Rate 7%
$209,029
Cap Rate 9%
$162,578
Alternative Uses
Best Use
Multifamily LT 5
$209.0K
$182.9K – $243.9K
NOI $14,632 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$186.7K
$163.4K – $217.9K
NOI $13,071 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$331.6K
$290.2K – $386.9K
NOI $23,214 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 33805, FL
26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
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 - Open-concept residence with a main-level primary suite and access to extensive shared recreation amenities.
Where is this duplex located?
The property is located at 5739 LACAR Way Lakeland, FL.
What is the asking price?
The asking price for this property is $264,999.
What are key features of this property?
This property features: 1,380‑square‑foot duplex property built in 2016; 0.09‑acre lot with a fenced private yard; Open kitchen and family room arrangement with stone counters
