Two-Unit Duplex with En-Suite
New
For Sale
$250,000
6760 Daytona Dr, Lake Wales, FL 33855
Vacant two-unit property in a gated community with private baths and dedicated driveway parking for each residence.
Property Size1,788 SF
Price / SF$139.82
Days on Market5
Property Features for 6760 Daytona Dr
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 10 at 5:47AM
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 Dalton Wade Inc
Investment Insights
Based on property information with market context.
This duplex contains 1,788 square feet of heated living space across two mirror-image residences. Each unit offers two bedrooms, two bathrooms, an en-suite primary bath, and its own driveway parking. Built in 1974, the property is scheduled to be delivered vacant at closing, allowing the next owner to determine its occupancy strategy.
The property is located at 6760 Daytona Dr in Indian Lake Estates, a gated community in Lake Wales. Community amenities include access to Lake Weohyakapka, a boat ramp, private marina, freshwater fishing pier, 18-hole golf course, and a 23,000-square-foot clubhouse with a restaurant and fitness center.
The property is located at 6760 Daytona Dr in Indian Lake Estates, a gated community in Lake Wales. Community amenities include access to Lake Weohyakapka, a boat ramp, private marina, freshwater fishing pier, 18-hole golf course, and a 23,000-square-foot clubhouse with a restaurant and fitness center.
Key Highlights
- Two mirror‑image units, each with 2 bedrooms and 2 bathrooms
- 1,788 square feet of heated living space
- Private en‑suite primary bath in 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
$18,958
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
7.58%
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%
$379,160
$379.2K
Cap Rate 7%
$270,829
$270.8K
Cap Rate 9%
$210,644
$210.6K
Market Conditions
NOI Build-Up for 1,788 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
$29.0K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.1K $15.15/SF
− OpEx
−$8.1K −$4.54/SF
NOI
$19.0K $10.60/SF
Area
Polk County, 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%
$379,160
Cap Rate 7%
$270,829
Cap Rate 9%
$210,644
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$237.0K – $316.0K
NOI $18,958 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.3K
NOI $16,936 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$429.7K
$376.0K – $501.3K
NOI $30,077 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 33855, FL
92
Population
17
Households
5.4
Avg Household Size
61
Median Age
100%
High-School Grad
2.0 sq mi
ZIP Area
46
Density / Sq Mi
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property in a gated community with private baths and dedicated driveway parking for each residence.
Where is this duplex located?
The property is located at 6760 Daytona Dr Lake Wales, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two mirror‑image units, each with 2 bedrooms and 2 bathrooms; 1,788 square feet of heated living space; Private en‑suite primary bath in each unit
