Updated Duplex with
For Sale
$380,000
12125 MARGARITA Avenue, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size1,585 SF
Lot Size0.22 Acres
Price / SF$239.75
Days on Market171
Property Features for 12125 MARGARITA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Laundry Room, Bathroom 1, Bedroom 4
Interior features
Thermostat
Exterior features
Hurricane Shutters, Lighting, Sliding Doors, Storage
Appliances
Electric Water Heater, Microwave, Range, Refrigerator, Water Filtration System, Water Softener
Subdivision
WARM MINERAL SPGS
Elementary school
Venice Elementary
Middle school
Venice Area Middle
High school
Venice Senior High
Directions
Drive on US-41 (Tamiami Trail) toward North Port.Turn onto De Leon Drive.Continue straight until you reach Margarita Ave.Turn onto Margarita Ave.12125 Margarita Ave will be on your right.
Standard status
Active
APN
0769060031
Size
1,585 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 16 & 17 BLK A WARM MINERAL SPRINGS UNIT 52
Tax Annual Amount
3877
Legal Description
LOTS 16 & 17 BLK A WARM MINERAL SPRINGS UNIT 52
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Amenities
laundry area
carport
storage shed
water filtration system
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Mar 12
Changed: Aug 19
Last Checked: Aug 29 at 12:06PM
MLS# N6143422
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.
This 1,585-square-foot duplex sits on a 0.22-acre parcel and includes two residential units with tile flooring, remodeled bathrooms, and modern kitchens featuring granite countertops, tile backsplashes, and stainless steel appliances. Each unit has a dedicated laundry area, full carport, and additional paved driveway parking. A backyard storage shed, hurricane shutters, central heating and cooling, and a water filtration system add to the existing improvements.
The property is within walking distance of Warm Mineral Springs and near shopping, restaurants, banking, and medical facilities. Gulf beaches in Venice and Englewood are approximately 15–20 minutes away. RMF3 zoning, well water, and a septic tank support the current duplex configuration, with the property identified for short-term or long-term rental use.
Major updates include a 2025 shingle roof, new well and pump in 2025, drainfields replaced in November 2012, and updated electrical panels, windows, gutters, and paved driveway. Unit 1 received an A/C replacement in 2015, while Unit 2’s A/C was replaced in August 2018.
The property is within walking distance of Warm Mineral Springs and near shopping, restaurants, banking, and medical facilities. Gulf beaches in Venice and Englewood are approximately 15–20 minutes away. RMF3 zoning, well water, and a septic tank support the current duplex configuration, with the property identified for short-term or long-term rental use.
Major updates include a 2025 shingle roof, new well and pump in 2025, drainfields replaced in November 2012, and updated electrical panels, windows, gutters, and paved driveway. Unit 1 received an A/C replacement in 2015, while Unit 2’s A/C was replaced in August 2018.
Key Highlights
- 1,585‑square‑foot duplex on 0.22 acres
- Two units with remodeled kitchens and bathrooms
- 2025 roof and new well and pump
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
$16,198
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
4.26%
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%
$323,960
$324.0K
Cap Rate 7%
$231,400
$231.4K
Cap Rate 9%
$179,978
$180.0K
Market Conditions
NOI Build-Up for 1,585 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
$25.7K $16.20/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$23.1K $14.60/SF
− OpEx
−$6.9K −$4.38/SF
NOI
$16.2K $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%
$323,960
Cap Rate 7%
$231,400
Cap Rate 9%
$179,978
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 8.30%
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
92
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with remodeled interiors, separate laundry areas, and RMF3 zoning near Warm Mineral Springs.
Where is this duplex located?
The property is located at 12125 MARGARITA Avenue North Port, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1,585‑square‑foot duplex on 0.22 acres; Two units with remodeled kitchens and bathrooms; 2025 roof and new well and pump
