Residential Income
100 Charles Dr Nokomis, FL 34275
100 Charles Dr, Nokomis, FL, 34275
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For Sale
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Residential income property with sheltered side access and convenient connectivity to US-41 and Route 681.
Property Size2,248 SF
Price / SF$310.05
Days on Market84
Property Features for 100 Charles Dr
General Information
- Standard status
- Active
- Size
- 2,248 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2000
Listing agency
Dreznin Pappas Commercial Real Estate LLC
Listed by
Sean Dreznin · License #FL SL3233805
Source
Crexi
Added: May 1 Updated: Jul 22 at 10:11PM Checked: Jul 22 at 10:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dreznin Pappas Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This residential income property is located on a sheltered side access road, positioned just a few blocks from Blackburn Bay or Lyons Bay. It sits among established nearby homes and features easy access to everyday shopping and dining options.
The property is described as offering convenient access to Publix, Aldi, Starbucks, Paradise Grill, Island Fin, Bella Rimini, and The Breakfast cottage. It also provides straightforward travel connections to US-41 (S. Tamiami Trail) and Route 681 (Laurel Rd) for N/S and E/W movement.
Further details on the property’s specific unit mix and interior condition were not provided in the submission, but the site is presented as an access-friendly income asset in the Nokomis area.
The property is described as offering convenient access to Publix, Aldi, Starbucks, Paradise Grill, Island Fin, Bella Rimini, and The Breakfast cottage. It also provides straightforward travel connections to US-41 (S. Tamiami Trail) and Route 681 (Laurel Rd) for N/S and E/W movement.
Further details on the property’s specific unit mix and interior condition were not provided in the submission, but the site is presented as an access-friendly income asset in the Nokomis area.
Key Highlights
- Year built: 2000
- Residential income property with sheltered side access road
- Located a few blocks from Blackburn Bay or Lyons Bay
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $18.48 |
| − Vacancy | −$4.3k | −$1.92 |
| EGI | $37.2k | $16.56 |
| − OpEx | −$16.8k | −$7.45 |
| NOI | $20.5k | $9.11 |
2,248 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$292.5K
$255.9K – $341.2K
NOI $20,472 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.9K
$559.0K – $745.4K
NOI $44,723 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Residential income property with sheltered side access and convenient connectivity to US-41 and Route 681.
Where is this multifamily property located?
The property is located at 100 Charles Dr Nokomis, FL.
What is the asking price?
The asking price for this property is $697,000.
What are key features of this property?
This property features: Year built: 2000; Residential income property with sheltered side access road; Located a few blocks from Blackburn Bay or Lyons Bay
