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    34-Unit Apartment Community Title is generated by Realmo AI

    1450 E GIBSON STREET, Arcadia, FL 34266

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    For Sale
    $4,500,000

    Multi-Family 5+ - ARCADIA, FL

    Property size:
    24,987 SF
    Lot size:
    3.35 Acres
    Price / SF:
    $180/SF
    Added:
    Dec 3, 2025
    Days on Market:
    186
    Last Refresh:
    Jun 7 at 1:06 am

    Property Features for 1450 E GIBSON STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-4
    Bedrooms
    56
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Open Floorplan
    Exterior features
    Sidewalk
    Appliances
    Microwave, Range, Refrigerator
    Standard status
    Active
    APN
    31-37-25-0016-8030-0010
    Size
    24,987 SF
    Lot size
    3.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    29670.24

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Number of units
    34
    Flooring type
    Laminate, Tile
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Savannah Zarris

    Listing agent Savannah Zarris License #3368631

    Listing office SELLSTATE VISION REALTY 2705 Tamiami Trail 313, Punta Gorda, FL

    Listing date Dec 3, 2025

    MLS# C7518538 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

    • Income‑producing 34‑unit multifamily community.
    • Most units renovated and include refrigerator, microwave, and stove.
    • Strong value‑add opportunity by activating laundry room and upgrading remaining classic units.
    • Located within one mile of DeSoto County Hospital, DeSoto County High School, and South Florida State College.
    • All utilities are individually metered (electric and water).
    • New roofs on all 7 solid block buildings.

    Overview

    Gibson Street Apartments is a 34-unit multifamily community comprised of seven solid block buildings on slab foundations. The property has recently undergone roof updates, and most units have been renovated. Each unit is equipped with a refrigerator, microwave, and stove. Utilities are individually metered, including electric and water, and the buildings are connected to city water and sewer. A common-area laundry room is present on-site, though it is currently not in active use.

    The property is located at 1450 East Gibson Street in Arcadia, Florida, in DeSoto County. Zoning is listed as R-4. Nearby within one mile are DeSoto County Hospital, DeSoto County High School, and the South Florida State College campus, supporting a residential setting serving long-term renters, students, and the local workforce.

    For buyers and operators, this is a sizable apartment community with in-unit kitchen appliances and separate utility metering that can simplify billing and tenant services. With roof updates already completed and most interiors renovated, the remaining units and the on-site common laundry space represent practical areas to align operations with day-to-day resident needs under the R-4 zoning framework.
    Property Profile Location Intelligence

    Current Use by Public Records

    Woodside Villas of Arcadia Apartment Building Gibson St apartments Apartment Complex

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.843148
    Latitude
    27.223094

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    FAQs

    What type of property is this?
    Apartment building - Block-built apartments with recently updated roofs and in-unit appliances, supported by individually metered utilities.
    Where is this apartment building located?
    The property is located at 1450 E GIBSON STREET Arcadia, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Income‑producing 34‑unit multifamily community.; Most units renovated and include refrigerator, microwave, and stove.; Strong value‑add opportunity by activating laundry room and upgrading remaining classic units.
    (941) 807-4304
    We can help!
    Listing Contact
    Savannah Zarris
    Real Estate License ID: 3368631
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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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