Remodeled Duplex with New
For Sale
$344,900
12100 CAPILLA LN, North Port, FL 34287
Tenant-occupied duplex with remodeled units and a recently replaced roof.
Property Size2,142 SF
Days on Market38
Property Features for 12100 CAPILLA LN
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Duplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$4,538
Building Details
Building Size
2,142 SF
Year Built
1957
Buildings
1
Tenancy
Multi
Listing Agency:
GULF REALTY LLC
(775) 287-7680
Listed By:
Cory Fleck · License #3546092
Source:
Nixandassociates
Added: Jul 13
Changed: Aug 2
Last Checked: Aug 18 at 4:41AM
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 GULF REALTY LLC
Investment Insights
Based on property information with market context.
This duplex contains two tenant-occupied residences with distinct layouts: one offers 3 bedrooms and 2 bathrooms, while the other includes 2 bedrooms and 1 bathroom. Both units were remodeled within the past few years, and a new roof was installed in 2023. The property was built in 1957.
Located in North Port, Florida, the duplex is near schools, parks, shopping, dining, recreation centers, Gulf Coast beaches, and Warm Mineral Springs. Its two-unit configuration and existing occupancy provide a straightforward residential income property profile for buyers seeking a multifamily asset with recent improvements.
Located in North Port, Florida, the duplex is near schools, parks, shopping, dining, recreation centers, Gulf Coast beaches, and Warm Mineral Springs. Its two-unit configuration and existing occupancy provide a straightforward residential income property profile for buyers seeking a multifamily asset with recent improvements.
Key Highlights
- Two‑unit duplex with both residences currently tenant‑occupied
- Unit mix includes 3 bedrooms and 2 bathrooms plus 2 bedrooms and 1 bathroom
- Both units remodeled within the past few years
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
$21,890
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
6.35%
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%
$437,800
$437.8K
Cap Rate 7%
$312,714
$312.7K
Cap Rate 9%
$243,222
$243.2K
Market Conditions
NOI Build-Up for 2,142 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
$34.7K $16.20/SF
− Vacancy
−$3.4K −$1.60/SF
EGI
$31.3K $14.60/SF
− OpEx
−$9.4K −$4.38/SF
NOI
$21.9K $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%
$437,800
Cap Rate 7%
$312,714
Cap Rate 9%
$243,222
Alternative Uses
Best Use
Multifamily LT 5
$312.7K
$273.6K – $364.8K
NOI $21,890 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$278.7K
$243.8K – $325.1K
NOI $19,507 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$608.8K
$532.7K – $710.2K
NOI $42,614 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
306
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 - Tenant-occupied duplex with remodeled units and a recently replaced roof.
Where is this duplex located?
The property is located at 12100 CAPILLA LN North Port, FL.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently tenant‑occupied; Unit mix includes 3 bedrooms and 2 bathrooms plus 2 bedrooms and 1 bathroom; Both units remodeled within the past few years
