2020 Duplex with Bonus
For Sale
Under Contract
$459,000
12025 SARAGOSSA Lane, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size2,312 SF
Lot Size0.26 Acres
Price / SF$198.53
Days on Market228
Property Features for 12025 SARAGOSSA Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF3
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2
Interior features
Thermostat
Exterior features
Rain Gutters
Subdivision
WARM MINERAL SPGS
Elementary school
Glenallen Elementary
Middle school
Venice Area Middle
High school
Venice Senior High
Directions
From Port Charlotte: Travel on US-41 N/Tamiami Trail, Turn right onto Granada Blvd in North Port, Turn left onto Saragossa Ln, On Saragossa Ln between Espanola Dr and Nervia St. From Venice: Take Harbor Dr S and US-41 BUS S/S Tamiami Trail to Venice Bypass in South Venice, Follow US-41 S/S Tamiami Trail to Ortiz Blvd, Turn Left on Ortiz Blvd, Turn Right on Saragossa Ln, On Sargossa between Nervia St and Espanola Dr.
Standard status
Active Under Contract
APN
0791040028
Size
2,312 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 10 & W 1/2 OF LOT 9, BLK 2, WARM MINERAL SPRINGS UNIT 78
Tax Annual Amount
6542
Legal Description
LOT 10 & W 1/2 OF LOT 9, BLK 2, WARM MINERAL SPRINGS UNIT 78
Utilities
Utilities
Cable Available
Sewer type
Septic Needed
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2020
Number of units
2
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Jan 13
Changed: Aug 20
Last Checked: Aug 29 at 12:06PM
MLS# N6142117
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2020, this duplex contains 2,312 square feet and sits on a 0.26-acre lot. Each residence offers 2 bedrooms, 2 bathrooms, and a bonus room, creating a practical configuration for residential occupancy. The building uses block and stucco construction with a shingle roof, central heating, and central air conditioning. Both units are individually metered for electricity, and tenants pay their own electric costs. Recent improvements include new A/C units installed within the last two years and a house electric meter.
The property is zoned RMF3 and is served by a private well and septic system, with cable available. Rain gutters and a thermostat are among the listed property features. Its North Port address places the duplex near Warm Mineral Springs and within reach of Gulf beaches, marinas, golf courses, shopping, dining, parks, and preserves.
The property is zoned RMF3 and is served by a private well and septic system, with cable available. Rain gutters and a thermostat are among the listed property features. Its North Port address places the duplex near Warm Mineral Springs and within reach of Gulf beaches, marinas, golf courses, shopping, dining, parks, and preserves.
Key Highlights
- Duplex totaling 2,312 square feet on a 0.26‑acre lot
- Built in 2020 with block and stucco construction
- Each unit includes 2 bedrooms, 2 bathrooms, and a bonus room
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
$23,628
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
5.15%
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%
$472,560
$472.6K
Cap Rate 7%
$337,543
$337.5K
Cap Rate 9%
$262,533
$262.5K
Market Conditions
NOI Build-Up for 2,312 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
$37.5K $16.20/SF
− Vacancy
−$3.7K −$1.60/SF
EGI
$33.8K $14.60/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.6K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /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%
$472,560
Cap Rate 7%
$337,543
Cap Rate 9%
$262,533
Alternative Uses
Best Use
Multifamily LT 5
$337.5K
$295.4K – $393.8K
NOI $23,628 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$300.8K
$263.2K – $350.9K
NOI $21,055 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$657.1K
$575.0K – $766.6K
NOI $45,996 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
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 - Individually metered residences feature separate electric service, central HVAC, and flexible bonus-room space.
Where is this duplex located?
The property is located at 12025 SARAGOSSA Lane North Port, FL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Duplex totaling 2,312 square feet on a 0.26‑acre lot; Built in 2020 with block and stucco construction; Each unit includes 2 bedrooms, 2 bathrooms, and a bonus room
