Corner-Lot Duplex with Attached
For Sale
$499,900
2100 9TH STREET, Sarasota, FL 34237
Two residential units each include a private fenced yard and attached carport.
Property Size1,456 SF
Price / SF$343.34
Days on Market1164
Property Features for 2100 9TH STREET
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,910
Amenities
fenced yard
Building Details
Year Built
1977
Year Renovated
2011
Buildings
1
Listing Agency:
REALTY SOLUTIONS SRQ
(941) 492-0784
Listed By:
Luis Canaveral, PA · License #3147328
(941) 492-0784
Source:
Exitrealty
Added: Jun 24, 2023
Changed: Aug 29
Last Checked: Aug 30 at 2:36PM
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 REALTY SOLUTIONS SRQ
Investment Insights
Based on property information with market context.
This 1,456-square-foot duplex contains two 725-square-foot units, each configured with two bedrooms, one bathroom, and an attached carport. Both residences include fenced outdoor areas, while one yard also features mango and avocado trees. The property was built in 1977, has been re-piped, and received a roof replacement in 2011. It is offered in as-is condition.
The corner-lot property at 2100 9th Street is positioned between downtown Sarasota and Ringling College, with St. Armands Circle and area beaches also identified among the nearby destinations. Tenants are currently in place under month-to-month arrangements. The existing occupancy and residential layout provide a clear snapshot of the property’s current operating configuration.
The corner-lot property at 2100 9th Street is positioned between downtown Sarasota and Ringling College, with St. Armands Circle and area beaches also identified among the nearby destinations. Tenants are currently in place under month-to-month arrangements. The existing occupancy and residential layout provide a clear snapshot of the property’s current operating configuration.
Key Highlights
- Duplex totals 1,456 SF with two 725 SF units
- Each unit has 2 bedrooms, 1 bath, and an attached carport
- Corner‑lot setting with a fenced yard for 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
$19,127
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
3.83%
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%
$382,540
$382.5K
Cap Rate 7%
$273,243
$273.2K
Cap Rate 9%
$212,522
$212.5K
Market Conditions
NOI Build-Up for 1,456 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
$28.8K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$27.3K $18.77/SF
− OpEx
−$8.2K −$5.63/SF
NOI
$19.1K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /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%
$382,540
Cap Rate 7%
$273,243
Cap Rate 9%
$212,522
Alternative Uses
Best Use
Multifamily LT 5
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$251.7K
$220.2K – $293.6K
NOI $17,617 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$428.2K
$374.6K – $499.5K
NOI $29,971 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
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 - Two residential units each include a private fenced yard and attached carport.
Where is this duplex located?
The property is located at 2100 9TH STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex totals 1,456 SF with two 725 SF units; Each unit has 2 bedrooms, 1 bath, and an attached carport; Corner‑lot setting with a fenced yard for each unit
