Sign Up Successful!
You now have access to more from Realmo!
    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

    Mermel Dr North Port, FL 34291

    Sponsored
    For Sale
    Contact for pricing

    Land - NORTH PORT, FL

    Lot size:
    0.23 Acres
    Days on Market:
    79
    Last Refresh:
    Jan 24 at 2:06 am

    Property Features for Mermel Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RSF2
    APN
    0950133133
    Lot size
    0.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Patrick Brogley
    Patrick Brogley

    Keller Williams on the Water Sarasota (941) 803-7522

    Listing agent Patrick Brogley (941) 803-7522 License #3360491

    Listing date Nov 7, 2025

    MLS# N6140767 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

    Residential Lot in Growing North Port

    This vacant residential lot, situated in North Port, presents an opportunity for constructing a custom home within one of Florida's rapidly expanding cities. The 0.23-acre property is clear of structures and major trees, which facilitates straightforward and economical site preparation, appealing to both prospective homeowners and investors. The lot benefits from its location at a convenient junction, providing quick access to West Price Boulevard, I-75, and the Wellen Park community. A recently opened Costco, along with various shopping, dining, and entertainment options, are located nearby, reflecting the area's ongoing development. The location provides convenient access to the Legacy Trail and various nature paths. CoolToday Park, the spring training home of the Atlanta Braves, is also nearby. Furthermore, the property is within driving distance of Gulf Coast beaches, golf courses, and the cultural attractions of Sarasota and Venice. This lot is suitable for starting a Florida lifestyle or securing an investment in a developing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.24457673
    Latitude
    27.09441019

    Nearby Similar for Sale

    • New
      $490,000
      Pending

      North Port Triplex Investment Opportunity

      Income-generating triplex near Warm Mineral Springs, North Port, Florida.
      438 Granada Blvd, North Port, FL 34287
      View Details
    • $625,000
      2,550 SF

      North Port Quadruplex Investment Opportunity

      Fully rented quadruplex in North Port, Florida, near Wellen Park.
      12210 Genoa Dr, North Port, FL 34287
      View Details
    • Contact for pricing
      0.05 Acres

      Land in Growing North Port

      Land in up and coming North Port, city water/sewer available.
      1116070132 Jonah Dr, North Port, FL 34289
      View Details
    • $519,000
      2,312 SF

      North Port Duplex Investment Opportunity

      Turnkey, fully furnished duplex built in 2020 near Warm Mineral Springs.
      12031 Saragossa Ln, North Port, FL 34287
      View Details
    • $330,000
      1,821 SF

      Income-Producing Duplex Near Warm Springs

      Duplex near Warm Mineral Springs with separately metered units.
      200 San Lorenzo Ave, North Port, FL 34287
      View Details
    • $519,000
      2,312 SF

      North Port Duplex Investment Opportunity

      Turnkey, fully furnished duplex near Warm Mineral Springs in North Port.
      12025 Saragossa Ln, North Port, FL 34287
      View Details
    • New
      $60,000
      0.09 Acres

      Waterfront Lot in Active Community

      Waterfront manufactured home lot in 55+ Harbor Cove community.
      506 Clarion Pl, North Port, FL 34287
      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 Rd, North Port, FL 34288
      View Details
    • $335,000
      1,842 SF

      Updated Duplex in North Port

      Well-maintained duplex with updated interiors and strong rental potential.
      6260 Landover Ter, North Port, FL 34287
      View Details
    • $45,900
      0.23 Acres

      Land in Booming North Port

      Land with water, sewer, and new zoning in North Port.
      S Biscayne Dr, North Port, FL 34287
      View Details
    • $6,249,990
      29,366 SF

      North Port Leased Office Building

      29,366 SF office building, 90% leased, investment opportunity.
      5900 Pan American Blvd, North Port, FL 34287
      View Details
    • $6,000,000
      16,212 SF

      Versatile Sports Facility in North Port

      Multi-purpose sports facility with Activity Center zoning in a growing city.
      2597 Sycamore St, North Port, FL 34289
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot ready for building in a rapidly developing area.
    Where is this land located?
    The property is located at Mermel Dr North Port, FL.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: - Ready to build: Vacant lot simplifies site preparation and reduces costs.; - Prime location: Enjoy quick access to West Price Boulevard, I-75, and Wellen Park.; - Rapidly growing area: Situated in North Port, one of Florida's fastest-growing cities.
    (941) 361-9031
    Request Owner's contact information
    Mermel Dr North Port, FL 34291
    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.
    Mermel Dr
    North Port, FL 34291
    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
    Mermel Dr North Port, FL 34291
    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
    Patrick Brogley
    Patrick Brogley
    Real Estate License ID: 3360491
    (941) 361-9031
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.