Updated Duplex With
For Sale
$335,000
6260 LANDOVER TER, North Port, FL 34287
One vacant unit supports an owner-occupant strategy while the second unit remains available for rental use.
Property Size1,842 SF
Days on Market467
Property Features for 6260 LANDOVER TER
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,178
Amenities
storage unit
washer/dryer hookups
Building Details
Building Size
1,842 SF
Year Built
1973
Buildings
1
Listing Agency:
GAILEY ENTERPRISES REAL ESTATE
(954) 822-4657
Listed By:
Aiyana Ward · License #3511208
Source:
Nixandassociates
Added: May 9, 2025
Changed: Aug 16
Last Checked: Aug 18 at 5:51AM
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 GAILEY ENTERPRISES REAL ESTATE
Investment Insights
Based on property information with market context.
This 1973 duplex contains two spacious units with updated LVP flooring throughout. One residence has a renovated kitchen with new appliances and a refreshed bathroom, while the other includes quartz countertops, tile backsplash, stainless-steel appliances, and an upgraded bathroom. Each unit has its own newer HVAC system and separately metered washer and dryer hookups. A storage unit is also included.
Recent property improvements include exterior painting, a roof replacement in 2023, updated copper wiring, new electrical panel boxes, and re-plumbing. One unit is vacant, creating flexibility for an owner occupant while the other is rented. Updated zoning allows commercial or business opportunities. The property is near shopping, dining, and parks, with access to I-75 and U.S. 41 and proximity to Gulf Coast beaches.
Recent property improvements include exterior painting, a roof replacement in 2023, updated copper wiring, new electrical panel boxes, and re-plumbing. One unit is vacant, creating flexibility for an owner occupant while the other is rented. Updated zoning allows commercial or business opportunities. The property is near shopping, dining, and parks, with access to I-75 and U.S. 41 and proximity to Gulf Coast beaches.
Key Highlights
- Two‑unit property with one residence currently vacant
- Both units feature new LVP flooring throughout
- Separate newer HVAC systems serve each unit
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
$18,825
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
5.62%
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%
$376,500
$376.5K
Cap Rate 7%
$268,929
$268.9K
Cap Rate 9%
$209,167
$209.2K
Market Conditions
NOI Build-Up for 1,842 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
$29.8K $16.20/SF
− Vacancy
−$2.9K −$1.60/SF
EGI
$26.9K $14.60/SF
− OpEx
−$8.1K −$4.38/SF
NOI
$18.8K $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%
$376,500
Cap Rate 7%
$268,929
Cap Rate 9%
$209,167
Alternative Uses
Best Use
Multifamily LT 5
$268.9K
$235.3K – $313.8K
NOI $18,825 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,646 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
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
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Frequently Asked Questions
What type of property is this?
Duplex - One vacant unit supports an owner-occupant strategy while the second unit remains available for rental use.
Where is this duplex located?
The property is located at 6260 LANDOVER TER North Port, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit property with one residence currently vacant; Both units feature new LVP flooring throughout; Separate newer HVAC systems serve each unit
