Two-Unit Residential
New
For Sale
$439,000
12113 CAPILLA Lane, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size2,298 SF
Lot Size0.20 Acres
Price / SF$191.04
Days on Market4
Property Features for 12113 CAPILLA Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF1
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Interior features
High Ceilings
Appliances
Dishwasher, Microwave, Range, Solar Hot Water
Subdivision
WARM MINERAL SPGS
Directions
From S Tamiami Trail (US-41), turn onto Ortiz Blvd. Turn left onto Capilla Ln. Property will be at 12113 Capilla Ln.
Standard status
Active
APN
0770060047
Size
2,298 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 31 BLK 11 WARM MINERAL SPRINGS UNIT 81
Tax Annual Amount
4873
Legal Description
LOT 31 BLK 11 WARM MINERAL SPRINGS UNIT 81
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
2004
Building materials
Block
Roof type
Shingle
Listing Agency:
THE REAL ESTATE STORE
(941) 685-4224
Listed By:
Natalia Berie · License #3528652
(941) 468-9747
Added: Sep 24
Changed: Sep 27
Last Checked: Sep 27 at 2:06AM
MLS# A4707517
Copyright © 2026 Sarasota Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2004, this block-constructed duplex contains two residences with a combined 2,298 square feet on a 0.20-acre parcel. Each unit has two bedrooms and two bathrooms. High ceilings, central air conditioning, electric heat, and a shingle roof are among the property’s features. Appliances include a dishwasher, microwave, range, and solar hot water system. The property uses well water and a septic tank, and is zoned RMF1.
The North Port address is near Tamiami Trail, with shopping, restaurants, grocery stores, and everyday services in the surrounding area. Warm Mineral Springs is a few blocks away, and Gulf Coast beaches are a short drive from the property.
The North Port address is near Tamiami Trail, with shopping, restaurants, grocery stores, and everyday services in the surrounding area. Warm Mineral Springs is a few blocks away, and Gulf Coast beaches are a short drive from the property.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 2,298 square feet of building area on a 0.20‑acre lot
- RMF1 zoning; built in 2004
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
$23,485
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
5.35%
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%
$469,700
$469.7K
Cap Rate 7%
$335,500
$335.5K
Cap Rate 9%
$260,944
$260.9K
Market Conditions
NOI Build-Up for 2,298 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
$37.2K $16.20/SF
− Vacancy
−$3.7K −$1.60/SF
EGI
$33.5K $14.60/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.5K $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%
$469,700
Cap Rate 7%
$335,500
Cap Rate 9%
$260,944
Alternative Uses
Best Use
Multifamily LT 5
$335.5K
$293.6K – $391.4K
NOI $23,485 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$299.0K
$261.6K – $348.8K
NOI $20,928 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$653.1K
$571.5K – $762.0K
NOI $45,718 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and two bathrooms, with RMF1 zoning.
Where is this duplex located?
The property is located at 12113 CAPILLA Lane North Port, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 2,298 square feet of building area on a 0.20‑acre lot; RMF1 zoning; built in 2004
