Updated Half-Duplex with Fenced
For Sale
$280,000
9911 LANCEWOOD ST, Orlando, FL 32817
Two bedrooms, two baths, and screened outdoor living complement the refreshed interior.
Property Size858 SF
Days on Market8
Property Features for 9911 LANCEWOOD ST
General Information
Standard status
Active
Size
858 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,304
Building Details
Building Size
858 SF
Year Built
1984
Listing Agency:
WATSON REALTY CORP
Listed By:
Kathy McDonald
(407) 973-4026
Source:
Novaorlando
Added: Sep 19
Changed: Sep 26
Last Checked: Sep 24 at 7:20PM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
This updated two-bedroom, two-bath half-duplex in Orlando combines refreshed interior finishes with substantial outdoor space. The home has been painted inside and out and includes updated cabinets, granite countertops, ceramic tile, laminate and vinyl flooring, a pantry, coat closet, walk-in closet, and two skylights. A new roof was installed in 2022, and the A/C unit dates to 2018.
The screened porch opens to a large fenced backyard adjoining the Little Econlockhatchee River and a walking trail. Mature trees and the natural setting extend the living area outdoors, while the property has no HOA. Jay Blanchard Park is across the street and offers an 84-acre recreational area with a 7.4-mile multipurpose trail, river access with a canoe and kayak launch, fishing, playgrounds, courts, fields, picnic areas, pavilions, and grills. The University of Central Florida is a short distance away.
The screened porch opens to a large fenced backyard adjoining the Little Econlockhatchee River and a walking trail. Mature trees and the natural setting extend the living area outdoors, while the property has no HOA. Jay Blanchard Park is across the street and offers an 84-acre recreational area with a 7.4-mile multipurpose trail, river access with a canoe and kayak launch, fishing, playgrounds, courts, fields, picnic areas, pavilions, and grills. The University of Central Florida is a short distance away.
Key Highlights
- Two‑bedroom, two‑bath half‑duplex in the Riverwood community
- Large fenced backyard beside the Little Econlockhatchee River
- Screened porch with access to the backyard and walking trail
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
$12,173
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
4.35%
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%
$243,460
$243.5K
Cap Rate 7%
$173,900
$173.9K
Cap Rate 9%
$135,256
$135.3K
Market Conditions
NOI Build-Up for 858 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
$18.5K $21.60/SF
− Vacancy
−$1.1K −$1.33/SF
EGI
$17.4K $20.27/SF
− OpEx
−$5.2K −$6.08/SF
NOI
$12.2K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /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%
$243,460
Cap Rate 7%
$173,900
Cap Rate 9%
$135,256
Alternative Uses
Best Use
Multifamily LT 5
$173.9K
$152.2K – $202.9K
NOI $12,173 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$158.8K
$139.0K – $185.3K
NOI $11,119 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two bedrooms, two baths, and screened outdoor living complement the refreshed interior.
Where is this duplex located?
The property is located at 9911 LANCEWOOD ST Orlando, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath half‑duplex in the Riverwood community; Large fenced backyard beside the Little Econlockhatchee River; Screened porch with access to the backyard and walking trail
