Duplex with
For Sale
$262,997
8011 LEONARDO STREET, Sebring, FL 33872
Two residential units feature open layouts, luxury vinyl plank flooring, stainless appliances, and granite kitchen countertops.
Property Size1,011 SF
Price / SF$260.14
Days on Market482
Property Features for 8011 LEONARDO STREET
General Information
Standard status
Active
Size
1,011 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$419
Building Details
Year Built
2024
Listing Agency:
ADAN INVESTMENTS REAL ESTATE GROUP, PLLC
(407) 967-2867
Listed By:
Adan Ordonez · License #3188653
(407) 967-2867
Source:
Exitrealty
Added: May 7, 2025
Changed: Aug 31
Last Checked: Aug 30 at 2:52PM
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 ADAN INVESTMENTS REAL ESTATE GROUP, PLLC
Investment Insights
Based on property information with market context.
Built in 2024, this duplex includes two residential units, each offering three bedrooms, two bathrooms, and a one-car garage. The interiors use an open floor plan with luxury vinyl plank flooring throughout. Kitchens include stainless steel appliances, granite countertops, and cabinetry, while the bathrooms feature fully tiled shower and tub surrounds.
The property is located at 8011 Leonardo Street in Sebring, Florida 33872. Its two-unit configuration and defined bedroom, bathroom, garage, and interior finish package provide a clear foundation for a residential income property.
The property is located at 8011 Leonardo Street in Sebring, Florida 33872. Its two-unit configuration and defined bedroom, bathroom, garage, and interior finish package provide a clear foundation for a residential income property.
Key Highlights
- Built in 2024
- Two units, each with 3 bedrooms and 2 bathrooms
- Each unit includes a 1‑car garage
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
$9,131
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
3.47%
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%
$182,620
$182.6K
Cap Rate 7%
$130,443
$130.4K
Cap Rate 9%
$101,456
$101.5K
Market Conditions
NOI Build-Up for 1,011 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
$14.0K $13.80/SF
− Vacancy
−$907 −$0.90/SF
EGI
$13.0K $12.90/SF
− OpEx
−$3.9K −$3.87/SF
NOI
$9.1K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /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%
$182,620
Cap Rate 7%
$130,443
Cap Rate 9%
$101,456
Alternative Uses
Best Use
Multifamily LT 5
$130.4K
$114.1K – $152.2K
NOI $9,131 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$121.2K
$106.1K – $141.4K
NOI $8,486 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$210.3K
$184.0K – $245.4K
NOI $14,723 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
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?
Duplex - Two residential units feature open layouts, luxury vinyl plank flooring, stainless appliances, and granite kitchen countertops.
Where is this duplex located?
The property is located at 8011 LEONARDO STREET Sebring, FL.
What is the asking price?
The asking price for this property is $262,997.
What are key features of this property?
This property features: Built in 2024; Two units, each with 3 bedrooms and 2 bathrooms; Each unit includes a 1‑car garage
