Residential Income Property with
For Sale
$325,000
709 ORCHID DRIVE, Davenport, FL 33897
Townhouse in Island Club Resort with a new kitchen, dedicated parking, and access to recreational amenities.
Property Size1,765 SF
Price / SF$184.14
Days on Market466
Property Features for 709 ORCHID DRIVE
General Information
Standard status
Active
Size
1,765 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,062
Amenities
swimming pool
volleyball court
play area
tennis court
Building Details
Year Built
2003
Listing Agency:
SHELDON PROFESSIONALS INC
(407) 791-7308
Listed By:
Ken Sheldon · License #3106364
(407) 791-7308
Source:
Exitrealty
Added: May 22, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:23PM
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 SHELDON PROFESSIONALS INC
Investment Insights
Based on property information with market context.
This townhouse is part of Island Club Resort and includes a newly equipped kitchen and a dedicated parking space. The property was built in 2003 and offers access to a swimming pool, volleyball court, play area, and tennis court within the resort community.
Located in Davenport, the property provides access to I-4, Highways 27 and 192, nearby shopping, restaurants, parks, a dog park, and Disney World. Its resort setting combines residential accommodations with on-site recreational features and proximity to area attractions and services.
Located in Davenport, the property provides access to I-4, Highways 27 and 192, nearby shopping, restaurants, parks, a dog park, and Disney World. Its resort setting combines residential accommodations with on-site recreational features and proximity to area attractions and services.
Key Highlights
- Townhouse in Island Club Resort
- New kitchen and dedicated parking spot
- Built in 2003
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
$16,718
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
5.14%
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%
$334,360
$334.4K
Cap Rate 7%
$238,829
$238.8K
Cap Rate 9%
$185,756
$185.8K
Market Conditions
NOI Build-Up for 1,765 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
$32.4K $18.36/SF
− Vacancy
−$2.0K −$1.14/SF
EGI
$30.4K $17.22/SF
− OpEx
−$13.7K −$7.75/SF
NOI
$16.7K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /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%
$334,360
Cap Rate 7%
$238,829
Cap Rate 9%
$185,756
Alternative Uses
Best Use
Apartment 5plus
$238.8K
$209.0K – $278.6K
NOI $16,718 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.1K
$371.1K – $494.8K
NOI $29,690 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 33897, FL
25,352
Population
13,291
Households
1.9
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
607
Density / Sq Mi
$73,457
Median Household Income
$36,154
Median Earnings
$1,880
Median Rent
$279,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhouse in Island Club Resort with a new kitchen, dedicated parking, and access to recreational amenities.
Where is this residential income property located?
The property is located at 709 ORCHID DRIVE Davenport, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Townhouse in Island Club Resort; New kitchen and dedicated parking spot; Built in 2003
