Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1860 7Th St Sarasota, FL 34236

    View on Map
    Sponsored
    For Sale
    $769,000

    Duplex - SARASOTA, FL

    Type:Duplex
    Property size:
    1,568 SF
    Lot size:
    0.17 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 11:06 pm

    Property Features for 1860 7Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    DTN
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    2026080026
    Parking features
    Driveway, Guest, On Street, Open
    Pets allowed
    Cats OK, Dogs OK, Yes
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Window Treatments
    Exterior features
    Level, Paved, Dog Run, Sidewalk
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    1,568 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Frank Lambert
    Frank Lambert

    Premier Sotheby's International Realty (239) 403-2227

    Listing agent Frank Lambert (941) 364-4000 License #0345242

    Listing date Mar 10, 2026

    MLS# A4685678 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

    Gillespie Park Duplex Opportunity

    This duplex presents an opportunity in Gillespie Park. The property features two units, each with 2 bedrooms and 1 bath, situated on an oversized 7500 square foot lot. The total building size is 1568 square feet. A laundry outbuilding and a large backyard are included. The roof was replaced in 2018, and all sewer and water lines to the building have been replaced within the last 3 years. Both AC units are relatively new, with one being 6 months old and the other 18 months old. The rear unit has been staged, while the streetside unit has been leased to the same tenant for the past 20 years. Zoned DTN, the property offers the potential to construct a new single-family home with an additional dwelling unit for income. It is located across the street from Gillespie Park, a 10-acre wooded area featuring tennis courts, walking trails, a pond, a playground, and a dog park. Downtown Sarasota, with its 65 restaurants within a 10-block radius, is easily accessible. The Bay Trolley, located a few blocks away, provides free transportation to Lido Beach. The Legacy Walking and Bicycle Trail and Payne Park are also nearby. Additionally, the property is located 6 blocks from the new 53-acre Bay Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Daycare Center Real Estate Agency Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5331
    Latitude
    27.341872

    Nearby Similar for Sale

    • $399,000
      1,200 SF

      Sarasota Office Investment Opportunity

      Leased office space near Siesta Key and US 41.
      2477 Stickney Point Rd, Sarasota, FL 34231
      View Details
    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      Flex space with office/warehouse, mezzanine, and convenient location.
      4430 Mcashton St, Sarasota, FL 34233
      View Details
    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      Flex space with office/warehouse, mezzanine, and convenient location.
      4430 Mcashton St, Sarasota, FL 34233
      View Details
    • $449,000
      1,350 SF

      Commercial Condo on Bee Ridge

      1,350 SF office/retail condo with excellent visibility and parking.
      4509 Bee Ridge Road Ext, Sarasota, FL 34233
      View Details
    • $779,000
      1,607 SF

      Downtown Sarasota Medical Office Opportunity

      Prime medical office with high visibility and ample parking.
      220 N Tuttle Ave, Sarasota, FL 34237
      View Details
    • $450,000
      Pending

      Kensington Park Triplex in Sarasota

      Triplex in Sarasota with outdoor amenities and upgrades.
      3675 Prudence Dr, Sarasota, FL 34235
      View Details
    • $480,000
      2,250 SF

      Industrial Condo with Full Air Conditioning

      2,250 sq ft corner unit with office and warehouse.
      6612 26Th Ct E, Sarasota, FL 34243
      View Details
    • $355,000
      1,274 SF

      Medical Office Condo Investment

      Leased medical office condo near Sarasota Memorial Hospital.
      2650 Bahia Vista St, Sarasota, FL 34239
      View Details
    • $450,000
      9,882 SF

      Profitable Coastal Rental Business Opportunity

      Turnkey coastal rental business with immediate cash flow and growth potential.
      2239 15Th St, Sarasota, FL 34237
      View Details
    • $475,000
      2,250 SF

      Updated Flex Space Commercial Building

      Updated flex space with office and warehouse functionality.
      6640 26Th Ct E, Sarasota, FL 34243
      View Details
    • $780,000
      1,628 SF

      Remodeled Duplex Near Siesta Key

      Sarasota duplex with income potential near Siesta Key Beach.
      2233 Michele Dr, Sarasota, FL 34231
      View Details
    • $4,500,000
      20,018 SF

      Sarasota Office Building on U.S. 41

      Two-story office building with high visibility on Tamiami Trail.
      2426 S Tamiami Trl, Sarasota, FL 34239
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near downtown Sarasota and Gillespie Park.
    Where is this duplex located?
    The property is located at 1860 7Th St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $769,000.
    What are key features of this property?
    This property features: - Prime location in Gillespie Park, downtown Sarasota, offering access to numerous restaurants, attractions, and the new 53-acre Bay Park.; - Duplex with income potential: live in one unit and rent the other, or rent out both.; - DTN zoning allows for tearing down the duplex and building a new single-family home with an additional dwelling unit for income.
    (941) 920-1500
    Request Owner's contact information
    1860 7Th St Sarasota, FL 34236
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1860 7Th St
    Sarasota, FL 34236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1860 7Th St Sarasota, FL 34236
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Frank Lambert
    Frank Lambert
    Real Estate License ID: 0345242
    (941) 920-1500 (941) 364-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!