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    12125 Margarita Ave North Port, FL 34287

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    Sponsored
    For Sale
    $400,000

    Duplex - NORTH PORT, FL

    Type:Duplex
    Property size:
    1,585 SF
    Lot size:
    0.22 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 20 at 6:06 am

    Property Features for 12125 Margarita Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    RMF3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    0769060031
    Parking features
    Carport
    Interior features
    Thermostat
    Exterior features
    Hurricane Shutters, Lighting, Sliding Doors, Storage
    Appliances
    Microwave, Range, Refrigerator, Water - Softener
    Size
    1,585 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Regina Melman
    Regina Melman

    RE/MAX Palm Realty (941) 743-5525

    Listing agent Regina Melman (941) 451-2025 License #3455400

    Listing date Mar 19, 2026

    MLS# N6143422 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.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex Near Warm Springs

    This updated duplex property is located within walking distance of Warm Mineral Springs in North Port, Florida. The property is suitable for either short-term or long-term rentals. Each unit features tile flooring throughout, a modern kitchen with granite countertops, tile backsplash, and stainless steel appliances. The kitchens are fully equipped, and the bathrooms have been completely remodeled. Each unit also includes its own laundry area. Updates include electric panels, a water filtration system, windows, gutters, and a paved driveway. Each unit offers a full carport plus additional paved driveway parking. Additional features include a storage shed in the backyard. The roof was updated in 2025, both drainfields were replaced in November 2012, the A/C in Unit 1 was updated in 2015, and the A/C in Unit 2 was updated in August 2018. The property is located close to shopping, restaurants, banking, and medical facilities, and is 15–20 minutes from the Gulf beaches in Venice and Englewood. The lot size is 0.22 acres and the property size is 1585 square feet. The property is not in a flood zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.263763
    Latitude
    27.06045

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    FAQs

    What type of property is this?
    Duplex - Updated duplex near Warm Mineral Springs, ideal for rental income.
    Where is this duplex located?
    The property is located at 12125 Margarita Ave North Port, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Walking distance to Warm Mineral Springs, offering strong short-term or long-term rental investment potential.; - **Updated units with modern kitchens featuring granite countertops and stainless steel appliances, plus remodeled bathrooms and individual laundry areas.**; - **Major updates completed: electric panels, water filtration system, windows, gutters, and paved driveway.**
    (941) 525-6818
    Request Owner's contact information
    12125 Margarita Ave North Port, FL 34287
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    North Port, FL 34287
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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.

    More about this property
    12125 Margarita Ave North Port, FL 34287
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    We can help!
    Listing Contact
    Regina Melman
    Regina Melman
    Real Estate License ID: 3455400
    (941) 525-6818 (941) 451-2025 (941) 629-3188
    Learn more
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