Glen Oaks Garden
1540 GLEN OAKS E DRIVE B122 Sarasota, FL 34232
1540 GLEN OAKS E DRIVE B122, Sarasota, FL, 34232
$149,900
Pending
For Sale
$149,900
Pending
Ground floor condo with community amenities in convenient location.
Property Size921 SF
Days on Market749
Property Features for 1540 GLEN OAKS E DRIVE B122
General Information
- Standard status
- Pending
- Size
- 921 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing agency
WAGNER REALTY
(941) 228-1613
Listed by
Jon Patella · License #3288566
(941) 228-1613
Source
Exitrealty
Added: Jul 3, 2024 Updated: Jul 10 at 1:05PM Checked: Jul 21 at 5:55AM
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 WAGNER REALTY
Investment Insights
Based on property information with market context.
Located in the Glen Oaks Garden Community, this ground floor condo unit features 2 bedrooms and 2 bathrooms, with a total size of 921 square feet. The community is pet-friendly and offers amenities such as a heated pool, fitness room, sauna, bocci ball, shuffleboard, BBQ grilling area, and a clubhouse for social gatherings. The property is situated between US 301 and I-75, providing access to Downtown Sarasota, area beaches, shopping, restaurants, hospitals, SRQ Airport, and golfing.
Key Highlights
- Ground floor unit: Offers convenience and accessibility
- Enjoy ample living space in this 2 bedroom, 2 bathroom condo
- Active, pet‑friendly community: Appeals to social buyers and pet owners
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $23.28 |
| − Vacancy | −$1.2k | −$1.28 |
| EGI | $20.3k | $22.00 |
| − OpEx | −$9.1k | −$9.90 |
| NOI | $11.1k | $12.10 |
921 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,144 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.8K
$237.0K – $316.0K
NOI $18,959 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Ground floor condo with community amenities in convenient location.
Where is this residential income property located?
The property is located at 1540 GLEN OAKS E DRIVE B122 Sarasota, FL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Ground floor unit: Offers convenience and accessibility; Enjoy ample living space in this 2 bedroom, 2 bathroom condo; Active, pet‑friendly community: Appeals to social buyers and pet owners
