Condo in Lakewood Ranch
For Sale
$159,000
Pending
8932 MANOR LOOP 207, Lakewood Ranch, FL 34202
One bed, one bath condo in a vibrant community.
Property Size752 SF
Days on Market593
Property Features for 8932 MANOR LOOP 207
General Information
Standard status
Pending
Size
752 SF
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$2,654
Building Details
Year Built
2001
Listing Agency:
EXIT KING REALTY
(941) 737-3935
Listed By:
LiseaJ Julien · License #3121605
(941) 737-3935
Source:
Exitrealty
Added: Jan 11, 2025
Changed: Aug 8
Last Checked: Jul 23 at 4:56AM
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 EXIT KING REALTY
Investment Insights
Based on property information with market context.
This property features a one-bedroom, one-bathroom condo with 845 square feet of living space. The unit is located in Lakewood Ranch, a multi-generational community. The condo includes freshly painted walls, new carpeting, and new luxury vinyl flooring. A screened-in patio offers relaxing views. The Village at Townpark features mature landscaping, lake views, sidewalks, a heated pool, a fitness center, and a clubhouse. The community is pet-friendly. Lakewood Ranch is home to A-rated schools, medical facilities and golf courses.
Key Highlights
- Located in Lakewood Ranch, the #1 multi‑generational community in the US.
- Directly across from the pool, sand volleyball court, and gym for ultimate convenience.
- Recently updated with fresh paint, new carpeting, and new luxury vinyl flooring.
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
$6,848
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
4.31%
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%
$136,960
$137.0K
Cap Rate 7%
$97,829
$97.8K
Cap Rate 9%
$76,089
$76.1K
Market Conditions
NOI Build-Up for 752 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
$13.9K $18.48/SF
− Vacancy
−$1.4K −$1.92/SF
EGI
$12.5K $16.56/SF
− OpEx
−$5.6K −$7.45/SF
NOI
$6.8K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
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%
$136,960
Cap Rate 7%
$97,829
Cap Rate 9%
$76,089
Alternative Uses
Best Use
Apartment 5plus
$97.8K
$85.6K – $114.1K
NOI $6,848 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$213.7K
$187.0K – $249.4K
NOI $14,961 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 34202, FL
26,797
Population
12,543
Households
2.1
Avg Household Size
54
Median Age
57%
College-Educated
97%
High-School Grad
23.1 sq mi
ZIP Area
1,160
Density / Sq Mi
$123,210
Median Household Income
$54,792
Median Earnings
$2,111
Median Rent
$620,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One bed, one bath condo in a vibrant community.
Where is this residential income property located?
The property is located at 8932 MANOR LOOP 207 Lakewood Ranch, FL.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Located in Lakewood Ranch, the #1 multi‑generational community in the US.; Directly across from the pool, sand volleyball court, and gym for ultimate convenience.; Recently updated with fresh paint, new carpeting, and new luxury vinyl flooring.
