Duplex with Existing
New
For Sale
$320,000
1854 DEBBIE Street, Sarasota, FL 34231
Residential Income, SARASOTA, FL
Property Size1,132 SF
Lot Size0.17 Acres
Price / SF$282.69
Days on Market3
Property Features for 1854 DEBBIE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Interior features
Ceiling Fans(s)
Appliances
Range, Refrigerator
Subdivision
NORTH VAMO SUB 2
Elementary school
Gulf Gate Elementary
Middle school
Brookside Middle
High school
Riverview High
Directions
US 41 to South on Vamo Road to East on Debbie Street to property located on the south side of the street
Standard status
Active
APN
0124130037
Size
1,132 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 24 BLK D NORTH VAMO PLAT 2
Tax Annual Amount
3439
Legal Description
LOT 24 BLK D NORTH VAMO PLAT 2
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Larisa Trexler · License #0696721
(941) 928-1347
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 4 at 11:06PM
MLS# A4704865
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,132 square feet on a 0.17-acre parcel and was built in 1985. The property is constructed with block materials and features central heating and central air conditioning, ceiling fans, a shingle roof, and kitchens equipped with ranges and refrigerators. It is being sold in as-is condition, with tenants currently in place.
The property is located in Sarasota’s Vamo area, west of the Trail and near Siesta Key Beach, shopping, dining, entertainment, and everyday services. RMF1 zoning applies, with no deed restrictions noted. Water service is public, while wastewater is handled by a septic tank.
The property is located in Sarasota’s Vamo area, west of the Trail and near Siesta Key Beach, shopping, dining, entertainment, and everyday services. RMF1 zoning applies, with no deed restrictions noted. Water service is public, while wastewater is handled by a septic tank.
Key Highlights
- Duplex totaling 1,132 square feet on a 0.17‑acre parcel
- Tenants currently occupy the property
- RMF1 zoning with no deed restrictions noted
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
$14,871
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
4.65%
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%
$297,420
$297.4K
Cap Rate 7%
$212,443
$212.4K
Cap Rate 9%
$165,233
$165.2K
Market Conditions
NOI Build-Up for 1,132 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
$22.4K $19.80/SF
− Vacancy
−$1.2K −$1.03/SF
EGI
$21.2K $18.77/SF
− OpEx
−$6.4K −$5.63/SF
NOI
$14.9K $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%
$297,420
Cap Rate 7%
$212,443
Cap Rate 9%
$165,233
Alternative Uses
Best Use
Multifamily LT 5
$212.4K
$185.9K – $247.9K
NOI $14,871 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$195.7K
$171.2K – $228.3K
NOI $13,697 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,302 @ 7.0% cap · market cap 7.28%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - RMF1-zoned property with central HVAC, block construction, and public water service.
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: Duplex totaling 1,132 square feet on a 0.17‑acre parcel; Tenants currently occupy the property; RMF1 zoning with no deed restrictions noted
