New Triplex in Central
For Sale
$899,000
705 S ORANGE Ave, Bartow, FL 33830
New construction triplex in high-traffic area, ideal for investment.
Property Size4,500 SF
Lot Size0.27 Acres
Days on Market160
Property Features for 705 S ORANGE Ave
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.27 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,388
Building Details
Building Size
4,500 SF
Year Built
1966
Units
3
Listing Agency:
KNOWN REAL ESTATE LLC
(813) 787-4451
Listed By:
Mickey Arruda · License #3094097
(813) 787-4451
Source:
Elliman
Added: Mar 25
Changed: Aug 13
Last Checked: Aug 30 at 4:10PM
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 KNOWN REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This nearly completed new construction triplex features two units with 4 bedrooms and 2 bathrooms each, and one unit with 3 bedrooms and 1 bathroom. The property includes a sprinkler system and premium upgrades such as quartz countertops, stainless steel appliances, LED lighting, vinyl plank flooring, and extended tile in the bathrooms. Located in the heart of Bartow, at 705 S Orange Ave, the property is positioned in a high-visibility, high-traffic area, suitable for attracting tenant demand and long-term returns. Each unit offers a thoughtfully designed layout with spacious interiors, providing both comfort and functionality for residents. The location offers convenient access to major roadways, ensuring connectivity for tenants commuting throughout the region. Nearby residential density creates a built-in tenant base, while local shops, dining, and amenities enhance the overall appeal of the area. This income-producing property in a thriving market presents an opportunity for investment or business venture, and to become part of Bartow’s growing community and benefit from a location surrounded by established neighborhoods and a steadily expanding economic landscape.
Key Highlights
- Brand new triplex, nearly completed and ready for immediate income generation.
- Premium upgrades throughout, including quartz countertops, stainless steel appliances, LED lighting, and vinyl plank flooring.**
- Located in a high‑visibility, high‑traffic area in the heart of Bartow, ideal for attracting tenants.
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
$47,713
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
5.31%
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%
$954,260
$954.3K
Cap Rate 7%
$681,614
$681.6K
Cap Rate 9%
$530,144
$530.1K
Market Conditions
NOI Build-Up for 4,500 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
$72.9K $16.20/SF
− Vacancy
−$4.7K −$1.05/SF
EGI
$68.2K $15.15/SF
− OpEx
−$20.4K −$4.54/SF
NOI
$47.7K $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%
$954,260
Cap Rate 7%
$681,614
Cap Rate 9%
$530,144
Alternative Uses
Best Use
Multifamily LT 5
$681.6K
$596.4K – $795.2K
NOI $47,713 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$608.9K
$532.8K – $710.4K
NOI $42,624 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.08M
$946.2K – $1.26M
NOI $75,697 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
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?
Triplex - New construction triplex in high-traffic area, ideal for investment.
Where is this triplex located?
The property is located at 705 S ORANGE Ave Bartow, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Brand new triplex, nearly completed and ready for immediate income generation.; Premium upgrades throughout, including quartz countertops, stainless steel appliances, LED lighting, and vinyl plank flooring.**; Located in a high‑visibility, high‑traffic area in the heart of Bartow, ideal for attracting tenants.
