Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Growing North Port Title is generated by Realmo AI

    Lot 6 RENAULT CIRCLE, North Port, FL 34291

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Lot 6 RENAULT CIRCLE, North Port, FL
    For Sale
    Contact for pricing

    Land - NORTH PORT, FL

    Lot size:
    0.24 Acres
    Added:
    Jan 11, 2025
    Days on Market:
    501
    Last Refresh:
    May 27 at 3:06 am

    Property Features for Lot 6 RENAULT CIRCLE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF2
    Standard status
    Active
    APN
    0971131906
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    383.7

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Regina Melman
    Regina Melman

    Listing agent Regina Melman License #3455400

    Listing office RE/MAX PALM REALTY OF VENICE 2095 Tamiami Trail South, Port Charlotte, FL

    Listing date Jan 11, 2025

    MLS# N6136193 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

    • Prime location in the desirable and rapidly growing North Port area.
    • Not located in a flood zone, providing peace of mind.
    • No HOA fees or deed restrictions, offering flexibility and cost savings.
    • Convenient access to I‑75 and Tamiami Trail for easy commuting.
    • Close proximity to numerous amenities including beaches, golf courses, shopping, and restaurants.
    • Near multiple Spring Training Stadiums (Atlanta Braves and Tampa Bay Rays).

    Overview

    This residential lot is situated in a quiet neighborhood within the developing city of North Port. The property is not located in a flood zone and has no deed restrictions or HOA fees. Its location provides convenient access to I-75 and Tamiami Trail. The lot is approximately 0.24 acres. The location also offers proximity to beaches, golfing, public boat ramps, marinas, shopping centers, physicians' offices, a water park, the Atlanta Braves Spring Training Stadium, the Tampa Bay Rays Spring Training Stadium, Historic Riverfront Downtown Punta Gorda, and Fishermen’s Village. Sanibel, Venice, Fort Myers, and Boca Grande are also within a short driving distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.247073
    Latitude
    27.090573

    Nearby Similar for Sale

    • $574,700
      12,000 SF

      Prime Commercial Lot in North Port

      One-acre commercial lot with high visibility and traffic.
      2487 SYCAMORE STREET, NORTH PORT, FL 34289
      View Details
    • $2,800,000
      12,133 SF

      Income-Producing Office Investment Opportunity

      Fully leased office buildings in high-demand North Port corridor.
      2525 BOBCAT VILLAGE CENTER ROAD, NORTH PORT, FL 34288
      View Details
    • $390,000
      1,585 SF

      Updated Duplex Near Warm Springs

      Updated duplex near Warm Mineral Springs, ideal for rental income.
      12125 MARGARITA AVENUE, NORTH PORT, FL 34287
      View Details
    • $145,000

      North Port Acreage with AC-6 Zoning

      Over one acre in North Port with flexible zoning.
      MARLBERRY ROAD, NORTH PORT, FL 34288
      View Details
    • $695,000

      North Port Mixed-Use Development Land

      5.76-acre mixed-use development opportunity in North Port, Florida.
      W HILLSBOROUGH BOULEVARD, NORTH PORT, FL 34288
      View Details
    • $475,000
      2,312 SF

      North Port Duplex Investment Opportunity

      2020-built duplex near Warm Mineral Springs, North Port, Florida.
      12025 SARAGOSSA LANE, NORTH PORT, FL 34287
      View Details
    • $29,999

      North Port Land Opportunity

      Over half-acre lot zoned AC-10 in growing North Port.
      Lot 42 NEWMAN DRIVE, NORTH PORT, FL 34288
      View Details
    • $290,000
      1,550 SF

      Income-Producing Duplex Near Warm Springs

      Duplex in North Port near amenities and Warm Mineral Springs.
      300 SAN LORENZO AVENUE, NORTH PORT, FL 34287
      View Details
    • $1,228,364

      North Port Development Opportunity

      20 parcels available in a rapidly growing area.
      GLADVIEW CIRCLE, NORTH PORT, FL 34288
      View Details
    • $24,999

      Corner Lot in Growing Area

      Oversized corner lot with multi-family or commercial potential.
      Lot 23 SAWYER CIRCLE, NORTH PORT, FL 34288
      View Details
    • $425,000
      1,601 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex near Warm Mineral Springs Park in North Port.
      6231 CONISTON TERRACE, NORTH PORT, FL 34287
      View Details
    • $850,000

      Prime Commercial Land on Tamiami

      2.17 acres of commercial land on Tamiami Trail.
      11201 TAMIAMI TRAIL S, NORTH PORT, FL 34287
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in a quiet, growing North Port neighborhood.
    Where is this residential land & home lot located?
    The property is located at Lot 6 RENAULT CIRCLE North Port, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location in the desirable and rapidly growing North Port area.; Not located in a flood zone, providing peace of mind.; No HOA fees or deed restrictions, offering flexibility and cost savings.
    (941) 525-6818
    We can help!
    Listing Contact
    Regina Melman
    Regina Melman
    Real Estate License ID: 3455400
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Lot 6 RENAULT CIRCLE, NORTH PORT, FL 34291
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!