2-Unit
For Sale
$399,000
15070 and 15072 DANIA AVENUE, Port Charlotte, FL 33953
Both residences offer matching two-bedroom, two-bathroom layouts and are currently occupied by tenants.
Property Size2,104 SF
Price / SF$189.64
Days on Market10
Property Features for 15070 and 15072 DANIA AVENUE
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$32,880
Average Monthly Rent
$1,370
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Tenancy
Multi
Listing Agency:
GRANT TEAM REAL ESTATE, LLC
(941) 205-8481
Listed By:
Christopher Grant · License #3238094
(941) 740-7053
Source:
Endlesssummerrealty
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 2 at 11:36PM
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 GRANT TEAM REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two matching residences, each with two bedrooms and two bathrooms. Interiors include luxury vinyl plank flooring, open living areas, granite kitchen counters, stainless steel appliances, and ample cabinetry. Each primary bedroom has a walk-in closet and private bathroom with a walk-in shower; guest bathrooms have tub-and-shower combinations.
Both units are tenant-occupied. The lease for 15070 runs through the end of 2027, while the lease for 15072 continues through mid-2028. The property is in Port Charlotte, Florida.
Both units are tenant-occupied. The lease for 15070 runs through the end of 2027, while the lease for 15072 continues through mid-2028. The property is in Port Charlotte, Florida.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Built in 2024
- Both units are tenant‑occupied
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
$20,353
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
5.10%
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%
$407,060
$407.1K
Cap Rate 7%
$290,757
$290.8K
Cap Rate 9%
$226,144
$226.1K
Market Conditions
NOI Build-Up for 2,104 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
$35.9K $17.04/SF
− Vacancy
−$6.8K −$3.22/SF
EGI
$29.1K $13.82/SF
− OpEx
−$8.7K −$4.15/SF
NOI
$20.4K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$407,060
Cap Rate 7%
$290,757
Cap Rate 9%
$226,144
Alternative Uses
Best Use
Multifamily LT 5
$290.8K
$254.4K – $339.2K
NOI $20,353 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$265.4K
$232.2K – $309.6K
NOI $18,575 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$688.9K
$602.8K – $803.7K
NOI $48,224 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 33953, FL
6,882
Population
4,339
Households
1.6
Avg Household Size
64
Median Age
31%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
427
Density / Sq Mi
$77,227
Median Household Income
$33,257
Median Earnings
$1,817
Median Rent
$332,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer matching two-bedroom, two-bathroom layouts and are currently occupied by tenants.
Where is this duplex located?
The property is located at 15070 and 15072 DANIA AVENUE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Built in 2024; Both units are tenant‑occupied
