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    12031 SARAGOSSA LANE North Port, FL 34287

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    For Sale
    $479,000

    Duplex - NORTH PORT, FL

    Type:Duplex
    Property size:
    2,312 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $207/SF
    Added:
    May 13, 2025
    Days on Market:
    360
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 12031 SARAGOSSA LANE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    RMF3
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage, Garage - Attached
    Interior features
    Open Floorplan, Thermostat
    Exterior features
    Lighting, Sidewalk
    Standard status
    Active
    APN
    0791040026
    Size
    2,312 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7037

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Number of units
    2
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Regina Melman
    Regina Melman

    Listing agent Regina Melman License #3455400

    Listing office RE/MAX PALM REALTY OF VENICE 2095 Tamiami Trail South, Port Charlotte, FL

    Listing date May 13, 2025

    MLS# N6138887 Listing URL

    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.

    HighLights

    • Built in 2020: Enjoy modern construction and updated features.
    • Turnkey and Fully Furnished: Move right in or start generating income immediately.
    • Excellent Income Opportunity: Capitalize on the potential for rental income.
    • No HOA or CDD Fees: Benefit from reduced ongoing costs.
    • Minutes from Warm Mineral Springs: Enjoy convenient access to this popular attraction.
    • Upgraded Mechanicals: Features new A/C units and electrical meter.

    Overview

    Turnkey Duplex Near Warm Springs

    This fully furnished duplex, built in 2020, presents an excellent income opportunity. The property features two end units, each with 2 bedrooms, 2 baths, and an office/bonus room. Tenants are responsible for their own electricity. Upgrades include new A/C units installed within the last two years and a house electric meter. The units are individually metered. Situated in North Port, the property is near Warm Mineral Springs and offers convenient access to amenities and attractions. Gulf beaches, marinas, fishing opportunities, and golf courses are nearby. The location provides access to shopping, dining, retail centers, boutiques, and restaurants. The downtown area features shops, art galleries, and entertainment venues. Charlotte Harbor Preserve State Park and Myakka River State Park are also easily accessible. The property is located on a lot of approximately 0.26 acres with a total building size of 2312 square feet. The zoning is RMF3. The property is located in Sarasota County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2684421
    Latitude
    27.0481911

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    FAQs

    What type of property is this?
    Duplex - Fully furnished duplex built in 2020, excellent income opportunity.
    Where is this duplex located?
    The property is located at 12031 SARAGOSSA LANE North Port, FL.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: Built in 2020: Enjoy modern construction and updated features.; Turnkey and Fully Furnished: Move right in or start generating income immediately.; Excellent Income Opportunity: Capitalize on the potential for rental income.
    (941) 525-6818
    We can help!
    Listing Contact
    Regina Melman
    Regina Melman
    Real Estate License ID: 3455400
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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