5-Unit Multifamily
For Sale
$1,045,000
6801 Dickinson Drive, Sebring, FL 33872
Five rental residences built in 2023 include a mix of garage and non-garage layouts.
Property Size5,050 SF
Price / SF$206.93
Days on Market135
Property Features for 6801 Dickinson Drive
General Information
Standard status
Active
Size
5,050 SF
Property subtype
Multi-family
Units
Unit Mix
5 x 2BR/2BA
Multifamily Units
5
Building Details
Year Built
2023
Listing Agency:
ADVANTAGE REALTY 1
(863) 414-8045
Listed By:
Benjamin Sommerville · License #3606976
Source:
Realtygroupfl
Added: Apr 19
Changed: Aug 31
Last Checked: Aug 30 at 6:09PM
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 ADVANTAGE REALTY 1
Investment Insights
Based on property information with market context.
This 5,050-square-foot multifamily portfolio includes five rental residences completed in 2023. The units are configured as 2/2 floor plans within a mix of half-duplex buildings, with both garage and non-garage options represented. Interiors feature modern cabinetry, quality countertops, coordinated finishes, and consistent design across the portfolio, while individual color selections may vary.
The property is located at 6801 Dickinson Drive in Sebring’s Sun 'n Lake community. Residents have access to nearby golf, medical facilities, recreation, shopping, and dining. The package offers an established group of residential rental units in a recognized Sebring community, with additional units available from the seller for potential package adjustments.
The property is located at 6801 Dickinson Drive in Sebring’s Sun 'n Lake community. Residents have access to nearby golf, medical facilities, recreation, shopping, and dining. The package offers an established group of residential rental units in a recognized Sebring community, with additional units available from the seller for potential package adjustments.
Key Highlights
- Five 2/2 rental units totaling 5,050 square feet
- Built in 2023
- Mix of half‑duplex units with garage and non‑garage floor plans
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
$42,386
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
4.06%
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%
$847,720
$847.7K
Cap Rate 7%
$605,514
$605.5K
Cap Rate 9%
$470,956
$471.0K
Market Conditions
NOI Build-Up for 5,050 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
$81.8K $16.20/SF
− Vacancy
−$4.7K −$0.94/SF
EGI
$77.1K $15.26/SF
− OpEx
−$34.7K −$6.87/SF
NOI
$42.4K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$847,720
Cap Rate 7%
$605,514
Cap Rate 9%
$470,956
Alternative Uses
Best Use
Apartment 5plus
$605.5K
$529.8K – $706.4K
NOI $42,386 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.3K – $1.23M
NOI $73,544 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 33872, FL
13,167
Population
7,882
Households
1.7
Avg Household Size
62
Median Age
29%
College-Educated
91%
High-School Grad
22.7 sq mi
ZIP Area
580
Density / Sq Mi
$68,086
Median Household Income
$42,831
Median Earnings
$1,157
Median Rent
$193,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five rental residences built in 2023 include a mix of garage and non-garage layouts.
Where is this multifamily property located?
The property is located at 6801 Dickinson Drive Sebring, FL.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Five 2/2 rental units totaling 5,050 square feet; Built in 2023; Mix of half‑duplex units with garage and non‑garage floor plans
