5268 HERON WAY 204, Sarasota, FL 34231
West of the Trail, gated community with lake views.
- Added:
- Oct 18, 2024
- Days on Market:
- 630
- Last Refresh:
- Apr 6 at 1:21 am
Property Features for 5268 HERON WAY 204
General Information
- Standard status
- Active
- Size
- 1,899 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing office MICHAEL SAUNDERS & COMPANY (941) 951-6660
Listing date Oct 18, 2024
Source Exitrealty
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 MICHAEL SAUNDERS & COMPANY
HighLights
- Highly desirable location: West of the Trail, halfway between the north and south bridges to Siesta Key.
- 24‑hour guard gated community in The Landings.
- Enjoy the lake view from enclosed Florida Room with sliding glass doors.
- Access to Landings Racquet Club: 8 Har Tru tennis courts, pickleball, Olympic size swimming pool, fitness area, and clubhouse.
- Attached one‑car garage with covered walkway.
- Walking and biking trails to intercoastal mangroves with kayak racks and gazebo.
Overview
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 | $44.2k | $23.28 |
| − Vacancy | −$2.4k | −$1.28 |
| EGI | $41.8k | $22.00 |
| − OpEx | −$18.8k | −$9.90 |
| NOI | $23.0k | $12.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5371731
- Latitude
- 27.2748875