Remodeled Duplex With Furnished
For Sale
$419,999
7871 Terrace Rd, Lantana, FL 33462
Two-unit property featuring updated finishes, laminate flooring, and one furnished unit.
Property Size944 SF
Price / SF$444.91
Days on Market147
Property Features for 7871 Terrace Rd
General Information
Standard status
Active
Size
944 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,337
Listing Agency:
RICHARD PETERS REALTY LLC
(813) 417-1391
Listed By:
KEVIOUS DOUGLAS, LLC · License #3609835
(813) 417-1391
Source:
Exprealty
Added: Mar 25
Changed: Aug 17
Last Checked: Aug 17 at 9:09PM
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 RICHARD PETERS REALTY LLC
Investment Insights
Based on property information with market context.
This remodeled duplex is described as a 2-bedroom, 2-bathroom property with laminate flooring throughout both units. Updated finishes and breakfast bars provide a refreshed interior presentation. Unit B is furnished with wood cabinets, a coffee maker, microwave, couch, bed, two televisions, computer desk, and chair, supporting its existing short-term rental setup. Unit A is vacant.
Major improvements include a new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. The property is located at 7871 Terrace Rd in Lantana, FL, within the Lantana community and near beaches, dining, and local attractions. The duplex may support continued short-term rental use, long-term rental use, or owner occupancy of one unit, as described in the property information.
Major improvements include a new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. The property is located at 7871 Terrace Rd in Lantana, FL, within the Lantana community and near beaches, dining, and local attractions. The duplex may support continued short-term rental use, long-term rental use, or owner occupancy of one unit, as described in the property information.
Key Highlights
- 2‑bedroom, 2‑bathroom duplex at 7871 Terrace Rd, Lantana, FL
- Both units have been freshly remodeled with laminate flooring and updated finishes
- Unit B includes furniture, appliances, electronics, and a computer desk and chair
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
$15,736
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
3.75%
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%
$314,720
$314.7K
Cap Rate 7%
$224,800
$224.8K
Cap Rate 9%
$174,844
$174.8K
Market Conditions
NOI Build-Up for 944 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
$23.8K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$22.5K $23.81/SF
− OpEx
−$6.7K −$7.14/SF
NOI
$15.7K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$314,720
Cap Rate 7%
$224,800
Cap Rate 9%
$174,844
Alternative Uses
Best Use
Multifamily LT 5
$224.8K
$196.7K – $262.3K
NOI $15,736 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,518 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$664.8K
$581.7K – $775.6K
NOI $46,537 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
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?
Duplex - Two-unit property featuring updated finishes, laminate flooring, and one furnished unit.
Where is this duplex located?
The property is located at 7871 Terrace Rd Lantana, FL.
What is the asking price?
The asking price for this property is $419,999.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom duplex at 7871 Terrace Rd, Lantana, FL; Both units have been freshly remodeled with laminate flooring and updated finishes; Unit B includes furniture, appliances, electronics, and a computer desk and chair
