For Sale
$650,000
1824 WEBBER ST, Sarasota, FL 34239
Duplexes
Days on Market29
Property Features for 1824 WEBBER ST
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,680 SF
Year Built
1968
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 685-2879
Listed By:
Ryan Carson · License #3240511
Source:
Daniellegladdingco
Added: Jul 6
Changed: Jul 31
Last Checked: Aug 2 at 12:12PM
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 RE/MAX ALLIANCE GROUP
Financial Insights For Multifamily LT 5
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 | $33.3k | $19.80 |
| − Vacancy | −$1.7k | −$1.03 |
| EGI | $31.5k | $18.77 |
| − OpEx | −$9.5k | −$5.63 |
| NOI | $22.1k | $13.14 |
1,680 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.8K
NOI $22,069 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,328 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$494.0K
$432.3K – $576.4K
NOI $34,582 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this duplex located?
The property is located at 1824 WEBBER ST Sarasota, FL.
What is the asking price?
The asking price for this property is $650,000.
