North Port Quad Multifamily
For Sale
Contact for pricing
Pending
12210 Genoa Dr, North Port, FL 34287
Executive-style quad in a vibrant North Port community.
Property Size2,550 SF
Days on Market235
Property Features for 12210 Genoa Dr
General Information
Standard status
Pending
Size
2,550 SF
Class
A
Property subtype
Multifamily
Zoning
RMF1
Building Details
Year Built
1968
Units
4
Listing Agency:
RE/MAX Palm Realty
(941) 525-6818
Listed By:
Regina Melman · License #FL - 3455400
Source:
Crexi
Added: Jan 6
Changed: Aug 28
Last Checked: Aug 28 at 3:06PM
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 RE/MAX Palm Realty
Investment Insights
Based on property information with market context.
This executive-style quad-multifamily home is located in the desirable city of North Port, situated in a vibrant and thriving community minutes away from warm mineral springs. The property benefits from its prime location, offering easy access to an array of amenities and attractions. The surrounding area features pristine gulf beaches, marinas, and renowned golf courses. North Port is known for its thriving shopping and dining scene, featuring a diverse range of retail centers, boutiques, and restaurants. The vibrant downtown area boasts charming shops, art galleries, and entertainment venues. Charlotte Harbor Preserve State Park and Myakka River State Park offer scenic trails, wildlife sightings, and peaceful waterways. North Port also boasts excellent educational institutions, reliable medical facilities, and convenient transportation options. The property consists of 4 units, with 3 units currently fully rented. The property size is 2550 square feet. The property is located in a community with no HOA or CDD and low taxes. This income property is an exceptional opportunity to invest in a prime location.
Key Highlights
- Fully rented quad‑multifamily property providing immediate income.
- Prime location in North Port, close to beaches, marinas, shopping, and dining.
- No HOA or CDD fees, resulting in lower ownership costs.
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
$26,060
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
4.17%
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%
$521,200
$521.2K
Cap Rate 7%
$372,286
$372.3K
Cap Rate 9%
$289,556
$289.6K
Market Conditions
NOI Build-Up for 2,550 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
$41.3K $16.20/SF
− Vacancy
−$4.1K −$1.60/SF
EGI
$37.2K $14.60/SF
− OpEx
−$11.2K −$4.38/SF
NOI
$26.1K $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%
$521,200
Cap Rate 7%
$372,286
Cap Rate 9%
$289,556
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.8K – $434.3K
NOI $26,060 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,731 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Executive-style quad in a vibrant North Port community.
Where is this quadplex located?
The property is located at 12210 Genoa Dr North Port, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully rented quad‑multifamily property providing immediate income.; Prime location in North Port, close to beaches, marinas, shopping, and dining.; No HOA or CDD fees, resulting in lower ownership costs.
