North Port Duplex on Large
For Sale
$405,000
5771 GALLATIN Ln, North Port, FL 34287
Well-maintained duplex near amenities with large backyard.
Property Size1,621 SF
Lot Size0.46 Acres
Days on Market254
Property Features for 5771 GALLATIN Ln
General Information
Standard status
Active
Size
1,621 SF
Lot size
0.46 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,519
Building Details
Building Size
1,621 SF
Year Built
1973
Units
2
Listing Agency:
LISTED SIMPLY
(800) 995-5879
Listed By:
Sinan Zakaria · License #01948642
(800) 995-5879
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 10:17AM
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 LISTED SIMPLY
Investment Insights
Based on property information with market context.
Located in North Port, Florida, the property at 5771 & 5775 Gallatin Lane is a duplex situated on a 0.47-acre lot. Each side of the duplex includes 2 bedrooms, 1 bathroom, a dine-in kitchen, a living room that opens to a private patio, and a laundry room. The property features vinyl plank flooring, modern kitchens, and interior paint in Benjamin Moore's Chantilly Lace. The property has public water and sewer. Utilities are separately metered. The property is located near restaurants, shopping, Warm Mineral Springs, and Gulf beaches. It also offers access to spring training stadiums, including the Charlotte County complex. A new roof has been installed.
Key Highlights
- New roof provides peace of mind.
- Located near restaurants, shopping, Warm Mineral Springs, and beaches.
- Not in a flood zone.
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
$16,566
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
4.09%
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%
$331,320
$331.3K
Cap Rate 7%
$236,657
$236.7K
Cap Rate 9%
$184,067
$184.1K
Market Conditions
NOI Build-Up for 1,621 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
$26.3K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$23.7K $14.60/SF
− OpEx
−$7.1K −$4.38/SF
NOI
$16.6K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /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%
$331,320
Cap Rate 7%
$236,657
Cap Rate 9%
$184,067
Alternative Uses
Best Use
Multifamily LT 5
$236.7K
$207.1K – $276.1K
NOI $16,566 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$210.9K
$184.5K – $246.0K
NOI $14,762 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$460.7K
$403.1K – $537.5K
NOI $32,249 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex near amenities with large backyard.
Where is this duplex located?
The property is located at 5771 GALLATIN Ln North Port, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: New roof provides peace of mind.; Located near restaurants, shopping, Warm Mineral Springs, and beaches.; Not in a flood zone.
