Five-Unit Apartment Building with
For Sale
$1,045,000
6803 Dickinson Drive, Sebring, FL 33872
Commercial, Single Story, Sebring, FL
Property Size5,000 SF
Lot Size0.85 Acres
Price / SF$209
Days on Market68
Property Features for 6803 Dickinson Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
r3
Interior features
Ceiling Fans, Garage Door(s)
Directions
From US 27 and Sun and lakes BLVD in sebring head west. turn right onto san bruno and all properties will be in this area.
Standard status
Active
APN
C-04-34-28-160-3370-0031
Size
5,000 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUN N LAKE EST OF SEBRING UNIT 16 PB 10 PG 4 SWLY 1/2 LOT 3 BLK 337
Tax Annual Amount
3110
Legal Description
SUN N LAKE EST OF SEBRING UNIT 16 PB 10 PG 4 SWLY 1/2 LOT 3 BLK 337
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2023
Floors in Building
1
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Benjamin Sommerville · License #3606976
(863) 414-8045
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 31 at 2:06PM
MLS# 326231
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 five-unit apartment building portfolio offers newer 2/2 rental units in a mix of half-duplex layouts, including both garage and non-garage floor plans. The units are described as having consistent, well-appointed interior styling, with details including modern cabinetry and quality countertops. Interior features include ceiling fans and garage door(s) on the units with garages. The exterior construction is concrete block, with a shingle roof. Heating is electric with central heating, and cooling is electric central air.
The property sits on a 0.85-acre lot and is zoned r3. Built in 2023, the package is positioned as a scalable residential rental offering within the Sun 'n Lake community area of Sebring.
The seller notes that the overall package composition can be customized, with additional units available to adjust the garage vs. non-garage mix to meet buyer objectives.
The property sits on a 0.85-acre lot and is zoned r3. Built in 2023, the package is positioned as a scalable residential rental offering within the Sun 'n Lake community area of Sebring.
The seller notes that the overall package composition can be customized, with additional units available to adjust the garage vs. non-garage mix to meet buyer objectives.
Key Highlights
- Five newer 2/2 rental units in half‑duplex configurations
- Includes a mix of garage and non‑garage floor plans
- 0.85‑acre lot
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
$41,966
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
4.02%
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%
$839,320
$839.3K
Cap Rate 7%
$599,514
$599.5K
Cap Rate 9%
$466,289
$466.3K
Market Conditions
NOI Build-Up for 5,000 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
$81.0K $16.20/SF
− Vacancy
−$4.7K −$0.94/SF
EGI
$76.3K $15.26/SF
− OpEx
−$34.3K −$6.87/SF
NOI
$42.0K $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%
$839,320
Cap Rate 7%
$599,514
Cap Rate 9%
$466,289
Alternative Uses
Best Use
Apartment 5plus
$599.5K
$524.6K – $699.4K
NOI $41,966 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,816 @ 7.0% cap · market cap 6.97%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five newer two-bedroom units in concrete block construction, including select garage and non-garage floor plans.
Where is this apartment building located?
The property is located at 6803 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 newer 2/2 rental units in half‑duplex configurations; Includes a mix of garage and non‑garage floor plans; 0.85‑acre lot
