Vacant Duplex with Metal
For Sale
$359,999
4975 DAVID Avenue, Sarasota, FL 34234
MULTI_FAMILY - Other - SARASOTA, FL
Property Size2,201 SF
Lot Size0.25 Acres
Price / SF$163.56
Days on Market26
Property Features for 4975 DAVID Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 5
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
Exterior features
Private Entrance, Rain Gutters, Sliding Doors
Appliances
Electric Water Heater, Refrigerator
Subdivision
ARMSTRONG ACRES
Lot features
City Limits, Level, Near Public Transit, Paved
Directions
From US-41 (N Tamiami Trail), head east on University Parkway, then south on Old Bradenton Road. Turn left onto David Ave. Property is on the right.
Standard status
Active
APN
2001090024
Size
2,201 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT INTRS OF S LINE OF NE 1/4 OF SE 1/4 TH S-00-11-56-E 30 FT TH S-89-07-57-W 1015.5 FT TH S- 00-08-38-E 200 FT FOR POB TH CONT S-00-08-38-E 70 FT TH S-89- 07-57-W 134.25 FT TH N-00-08-38- W 70
Tax Annual Amount
5730
Legal Description
COM AT INTRS OF S LINE OF NE 1/4 OF SE 1/4 TH S-00-11-56-E 30 FT TH S-89-07-57-W 1015.5 FT TH S- 00-08-38-E 200 FT FOR POB TH CONT S-00-08-38-E 70 FT TH S-89- 07-57-W 134.25 FT TH N-00-08-38- W 70
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Frame, Wood Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
RICHARD PETERS REALTY LLC
(786) 418-1388
Listed By:
Harrison Wilfley · License #3644011
(850) 296-0904
Added: Jul 16
Changed: Aug 5
Last Checked: Aug 10 at 1:06AM
MLS# TB8529444
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 vacant duplex offers 2,201 square feet across two residential units on a 0.25-acre parcel. The property is being sold as-is and needs interior work, including kitchen updates, bathroom fixture replacement, and new appliances. One unit requires less renovation than the other, allowing improvements to be approached in phases. Central air, separate electric meters, public water, public sewer, ceramic tile flooring, off-street parking, and driveway access are already in place.
Exterior and major-system work includes a metal roof installed in 2016, newer air conditioning installed in 2017, gutters, drainage repairs, and professional pest treatment. The property is zoned RMF2 and was built in 1992. It is approximately one mile from Ringling College of Art & Design, a few blocks from Sarasota-Bradenton International Airport, and minutes from Downtown Sarasota. Additional nearby destinations include The Ringling Museum, St. Armands Circle, Lido Key, UTC, and Sarasota Memorial Health Care System.
Exterior and major-system work includes a metal roof installed in 2016, newer air conditioning installed in 2017, gutters, drainage repairs, and professional pest treatment. The property is zoned RMF2 and was built in 1992. It is approximately one mile from Ringling College of Art & Design, a few blocks from Sarasota-Bradenton International Airport, and minutes from Downtown Sarasota. Additional nearby destinations include The Ringling Museum, St. Armands Circle, Lido Key, UTC, and Sarasota Memorial Health Care System.
Key Highlights
- Vacant duplex totaling 2,201 square feet on a 0.25‑acre lot
- RMF2 zoning with two residential units
- Metal roof installed in 2016
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
$28,913
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
8.03%
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%
$578,260
$578.3K
Cap Rate 7%
$413,043
$413.0K
Cap Rate 9%
$321,256
$321.3K
Market Conditions
NOI Build-Up for 2,201 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
$43.6K $19.80/SF
− Vacancy
−$2.3K −$1.03/SF
EGI
$41.3K $18.77/SF
− OpEx
−$12.4K −$5.63/SF
NOI
$28.9K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /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%
$578,260
Cap Rate 7%
$413,043
Cap Rate 9%
$321,256
Alternative Uses
Best Use
Multifamily LT 5
$413.0K
$361.4K – $481.9K
NOI $28,913 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$380.5K
$332.9K – $443.9K
NOI $26,632 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$647.2K
$566.3K – $755.1K
NOI $45,307 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
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 - Vacant duplex with separate electric metering, public utilities, central air, and interior renovation needs.
Where is this duplex located?
The property is located at 4975 DAVID Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: Vacant duplex totaling 2,201 square feet on a 0.25‑acre lot; RMF2 zoning with two residential units; Metal roof installed in 2016
