Tenant-Occupied
New
For Sale
$320,000
1854 DEBBIE STREET, Sarasota, FL 34231
Two-unit residential property with existing occupants and no deed restrictions.
Property Size1,272 SF
Price / SF$251.57
Days on Market6
Property Features for 1854 DEBBIE STREET
General Information
Standard status
Active
Size
1,272 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
2
Amenities
0.17 acres, Dimensions: 50x150
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 0124130037, Public Survey Range: 18E, Public Survey Section: 27, Annual Amount: $3,439, Tax Block: D, Tax Book Number: 1-92, Legal Description: LOT 24 BLK D NORTH VAMO PLAT 2, Lot: 24, Year: 2025, Zoning: RMF1
Central Air
Central, Ductless
Laundry Room
Listing ID: MFRA4704874, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-09-02, Special Conditions: None
Elementary School: Gulf Gate Elementary, Middle School: Brookside Middle, High School: Riverview High
3 total bedrooms
Built in 1985, Living area: 1272, Living area units: Square Feet, Building faces North, Levels: One, Construction Materials: Block
Subdivision: NORTH VAMO SUB 2, MLS Area (Major): 34231 - Sarasota/Gulf Gate Branch, County/Parish: Sarasota
2 total bathrooms, 2 full bathrooms
Cable Connected, Water Source: Public
Slab
Road Surface: Asphalt
Open Floorplan
Range, Refrigerator
Building Details
Year Built
1985
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 954-5454
Listed By:
Larisa Trexler · License #0696721
(941) 928-1347
Source:
Miharaandassociates
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 6 at 6:56AM
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
Investment Insights
Based on property information with market context.
This duplex contains 1,132 square feet and was built in 1985. Existing tenants provide immediate occupancy, while the property is offered in its present condition. No deed restrictions are identified, adding flexibility for future ownership plans.
The property is located at 1854 Debbie Street in Sarasota’s Vamo area, minutes from Siesta Key Beach, shopping, dining, entertainment, and everyday services. Tenant access is limited to scheduled showings by appointment.
The property is located at 1854 Debbie Street in Sarasota’s Vamo area, minutes from Siesta Key Beach, shopping, dining, entertainment, and everyday services. Tenant access is limited to scheduled showings by appointment.
Key Highlights
- 1,132‑square‑foot duplex
- Built in 1985
- Existing tenants in place
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
$16,710
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
5.22%
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%
$334,200
$334.2K
Cap Rate 7%
$238,714
$238.7K
Cap Rate 9%
$185,667
$185.7K
Market Conditions
NOI Build-Up for 1,272 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
$25.2K $19.80/SF
− Vacancy
−$1.3K −$1.03/SF
EGI
$23.9K $18.77/SF
− OpEx
−$7.2K −$5.63/SF
NOI
$16.7K $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%
$334,200
Cap Rate 7%
$238,714
Cap Rate 9%
$185,667
Alternative Uses
Best Use
Multifamily LT 5
$238.7K
$208.9K – $278.5K
NOI $16,710 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$219.9K
$192.4K – $256.5K
NOI $15,391 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 8.18%
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
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
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-unit residential property with existing occupants and no deed restrictions.
Where is this duplex located?
The property is located at 1854 DEBBIE STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,132‑square‑foot duplex; Built in 1985; Existing tenants in place
