Concrete-Block
New
For Sale
$350,000
S1-4-1010 Eo Douglas Ave, Sebring, FL 33870
Four-unit concrete-block property offered as-is with inspection rights.
Property Size3,560 SF
Price / SF$98.31
Days on Market7
Property Features for S1-4-1010 Eo Douglas Ave
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,187
Building Details
Construction
concrete-block
Listing Agency:
SPANN & ASSOCIATES REAL ESTATE
(407) 468-7512
Listed By:
Kal Scarvers · License #3312196
(863) 617-5236
Source:
Exprealty
Added: Sep 5
Changed: Sep 10
Last Checked: Sep 10 at 2:57PM
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 SPANN & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
This 3560-square-foot quadplex contains four residential units within a solid concrete-block structure. The property is being offered in as-is condition, with the right to inspect. Interior access is available after an executed contract and verification of funds or pre-approval.
Located at S1-4-1010 Eo Douglas Ave in Sebring, Florida, the property is minutes from Downtown Sebring, Lake Jackson, AdventHealth, South Florida State College, and retail along US-27. The location provides proximity to established civic, educational, medical, recreational, and commercial destinations.
Drive-by viewings are permitted, while interior access is restricted until the stated contract and financial-verification requirements are satisfied. Tenants should not be disturbed during the marketing process.
Located at S1-4-1010 Eo Douglas Ave in Sebring, Florida, the property is minutes from Downtown Sebring, Lake Jackson, AdventHealth, South Florida State College, and retail along US-27. The location provides proximity to established civic, educational, medical, recreational, and commercial destinations.
Drive-by viewings are permitted, while interior access is restricted until the stated contract and financial-verification requirements are satisfied. Tenants should not be disturbed during the marketing process.
Key Highlights
- 3560‑square‑foot quadplex with four units
- Solid concrete‑block construction
- Property offered strictly as‑is with right to inspect
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
$32,154
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
9.19%
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%
$643,080
$643.1K
Cap Rate 7%
$459,343
$459.3K
Cap Rate 9%
$357,267
$357.3K
Market Conditions
NOI Build-Up for 3,560 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
$49.1K $13.80/SF
− Vacancy
−$3.2K −$0.90/SF
EGI
$45.9K $12.90/SF
− OpEx
−$13.8K −$3.87/SF
NOI
$32.2K $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%
$643,080
Cap Rate 7%
$459,343
Cap Rate 9%
$357,267
Alternative Uses
Best Use
Multifamily LT 5
$459.3K
$401.9K – $535.9K
NOI $32,154 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$426.9K
$373.5K – $498.0K
NOI $29,880 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$740.6K
$648.1K – $864.1K
NOI $51,845 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
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?
Quadplex - Four-unit concrete-block property offered as-is with inspection rights.
Where is this quadplex located?
The property is located at S1-4-1010 Eo Douglas Ave Sebring, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3560‑square‑foot quadplex with four units; Solid concrete‑block construction; Property offered strictly as‑is with right to inspect
