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

    PRIME TERRACE North Port, FL 34286

    View on Map
    Picture of Residential land & home lots at PRIME TERRACE, North Port, FL
    For Sale
    Contact for pricing

    Land - NORTH PORT, FL

    Lot size:
    0.24 Acres
    Added:
    Mar 21, 2025
    Days on Market:
    380
    Last Refresh:
    Apr 4 at 4:06 pm

    Property Features for PRIME TERRACE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF2
    Standard status
    Active
    APN
    1006020901
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    651

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Laurie Zobel

    Listing agent Laurie Zobel License #479267

    Listing office ZOBEL REAL ESTATE, INC. 21202 Olean Blvd., Port Charlotte, FL

    Listing date Mar 21, 2025

    MLS# C7507271 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.

    Overview

    Residential Lot in North Port

    This 0.24-acre lot is located in North Port, Florida, offering an opportunity to build a home. The property is situated in a location with convenient access to US-41 and I-75, as well as schools, Suncoast Technical College, and the Shannon Staub Library. Grocery, retail shopping, and dining options are also nearby. The lot is located close to Venice, Port Charlotte, and Punta Gorda, and near the Sunseeker Resorts waterfront oasis. Recreational opportunities are abundant, with convenient access to golf courses, fishing, boating, and Gulf beaches. The North Port Aquatic Center, featuring a 25-meter stretch pool, three slides, and a lazy river, is also located nearby. The Atlanta Braves Spring Training facility is located in North Port.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.185792
    Latitude
    27.041653

    Nearby Similar for Sale

    • $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
    • $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
    • $19,900

      North Port Quarter-Acre Vacant Lot

      Newly rezoned quarter-acre vacant lot in a top Florida growth city.
      Lot 13 SKINNER LANE, NORTH PORT, FL 34288
      View Details
    • $16,900

      North Port Quarter-Acre Vacant Lot

      Newly rezoned quarter-acre vacant lot in North Port, Florida.
      Lot 14 MORRISETTE LANE, NORTH PORT, FL 34288
      View Details
    • $12,500

      Corner Lot in Growing Corridor

      0.27-acre corner lot suitable for commercial or mixed-use development.
      JASPER TERRACE, NORTH PORT, FL 34288
      View Details
    • $24,900

      North Port Vacant Lot

      Vacant lot in North Port, Florida with mixed-use zoning.
      Lot 9 MORRISETTE LANE, NORTH PORT, FL 34288
      View Details
    • $15,800

      North Port Land Opportunity

      Two adjacent lots in a growing North Port area.
      CANDLELIGHT ROAD, NORTH PORT, FL 34288
      View Details
    • $7,900

      North Port Land Opportunity

      Two adjacent lots in a growing North Port area.
      CANDLELIGHT ROAD, NORTH PORT, FL 34288
      View Details
    • $9,000

      Vacant Lot in North Port

      Investment opportunity: vacant lot near shopping, highways, and airport.
      CERIMAN ROAD, 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
    • $450,000

      North Port Vacant Land Parcel

      4+ acre commercial land parcel in rapidly growing North Port.
      CARTHAGE STREET, NORTH PORT, FL 34286
      View Details
    • $17,000

      North Port Land For Sale

      Vacant land in growing North Port, Florida. Great investment!
      1148204901 Ashboro Circle, North Port, FL 34288
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home in thriving North Port, Florida.
    Where is this residential land & home lot located?
    The property is located at PRIME TERRACE 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: Build your dream home on this desirable lot.; Prime location in North Port, near Atlanta Braves Spring Training.; Close proximity to US‑41 and I‑75 for easy commuting.
    (941) 629-6600
    We can help!
    Listing Contact
    Laurie Zobel
    Real Estate License ID: 479267
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!