Multi-Parcel Duplex
For Sale
Contact for pricing
1910 Debbie St, Sarasota, FL 34231
Four duplex buildings on separate parcels feature 2 bed/2 bath units with in-unit washer and dryer hookups.
Property Size8,472 SF
Price / SF$235.48
Days on Market160
Property Features for 1910 Debbie St
General Information
Standard status
Active
Size
8,472 SF
Class
B
Property subtype
Multifamily
Zoning
RMF1 - RESIDENTIAL, MULTI FAMILY
Occupancy
95%
Investment Type
Stabilized
Net Operating Income
$136,000
Building Details
Year Built
2000
Year Renovated
2024
Buildings
4
Stories
1
Units
8
Listing Agency:
Dreznin Pappas Commercial Real Estate LLC
Listed By:
Sean Dreznin · License #FL SL3233805
Source:
Crexi
Added: Apr 1
Changed: Aug 18
Last Checked: Sep 7 at 6:37AM
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 Dreznin Pappas Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This offering includes four separate parcels with four duplex buildings. Each duplex consists of two units, with every unit configured as a 2-bedroom, 2-bath layout and featuring washer and dryer hookups. The average unit size is approximately 935 square feet, and the combined property size is listed at 8,472 square feet.
Interior renovations have been completed throughout, including quartz countertops, flooring updates, and kitchen and bathroom updates. Tenants are responsible for electric, water, and sewer costs.
A key structure-to-finance feature of this portfolio is that each duplex is on its own parcel, which can provide flexibility for individual sales in the future should the owner choose to pursue that structure.
Interior renovations have been completed throughout, including quartz countertops, flooring updates, and kitchen and bathroom updates. Tenants are responsible for electric, water, and sewer costs.
A key structure-to-finance feature of this portfolio is that each duplex is on its own parcel, which can provide flexibility for individual sales in the future should the owner choose to pursue that structure.
Key Highlights
- Year built 2000; 4 separate parcels with 4 duplex buildings, each with separate ownership by parcel
- Each unit is a 2 bed/2 bath duplex configuration with washer & dryer hookups
- Average unit size is 935 SF
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
$111,292
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
5.58%
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%
$2,225,840
$2.2M
Cap Rate 7%
$1,589,886
$1.6M
Cap Rate 9%
$1,236,578
$1.2M
Market Conditions
NOI Build-Up for 8,472 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
$167.7K $19.80/SF
− Vacancy
−$8.8K −$1.03/SF
EGI
$159.0K $18.77/SF
− OpEx
−$47.7K −$5.63/SF
NOI
$111.3K $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%
$2,225,840
Cap Rate 7%
$1,589,886
Cap Rate 9%
$1,236,578
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.85M
NOI $111,292 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,509 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,394 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Four duplex buildings on separate parcels feature 2 bed/2 bath units with in-unit washer and dryer hookups.
Where is this duplex located?
The property is located at 1910 Debbie St Sarasota, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Year built 2000; 4 separate parcels with 4 duplex buildings, each with separate ownership by parcel; Each unit is a 2 bed/2 bath duplex configuration with washer & dryer hookups; Average unit size is 935 SF
