Duplex with Private
New
For Sale
$396,000
1974/76 DEBBIE STREET, Sarasota, FL 34231
Two separately rentable homes include individual carports, with one unit vacant and available to tour.
Property Size1,651 SF
Price / SF$239.85
Days on Market5
Property Features for 1974/76 DEBBIE STREET
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private laundry
carport
private backyard
screened lanai
Building Details
Year Built
1977
Listing Agency:
BLUE SKY REAL ESTATE
(941) 587-3492
Listed By:
John Werner · License #3213061
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 8:06AM
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 BLUE SKY REAL ESTATE
Investment Insights
Based on property information with market context.
This South Sarasota duplex contains two updated residences, each with two bedrooms, one bathroom, and private laundry. The property totals 1,651 square feet. One unit is occupied under a lease, while the second is vacant and can be viewed. Professional management is already in place. Both residences have carports; the rear home also features a screened lanai and private backyard.
Daily shopping and services, including Target and Publix, are nearby. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches, and Siesta Key and the Gulf of Mexico are within reach. The property is also near the Sarasota Square redevelopment, which includes planned retail, restaurants, outdoor gathering areas, and 355 residential units.
Daily shopping and services, including Target and Publix, are nearby. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches, and Siesta Key and the Gulf of Mexico are within reach. The property is also near the Sarasota Square redevelopment, which includes planned retail, restaurants, outdoor gathering areas, and 355 residential units.
Key Highlights
- Two 2‑bedroom, 1‑bath residences in a 1,651‑square‑foot duplex
- One unit is vacant and available for an interior tour; the other is occupied under a lease
- Private laundry and a carport in each residence
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
$16,873
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
4.26%
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%
$337,460
$337.5K
Cap Rate 7%
$241,043
$241.0K
Cap Rate 9%
$187,478
$187.5K
Market Conditions
NOI Build-Up for 1,651 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
$26.7K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$24.1K $14.60/SF
− OpEx
−$7.2K −$4.38/SF
NOI
$16.9K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /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%
$337,460
Cap Rate 7%
$241,043
Cap Rate 9%
$187,478
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,873 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,036 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 - Two separately rentable homes include individual carports, with one unit vacant and available to tour.
Where is this duplex located?
The property is located at 1974/76 DEBBIE STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences in a 1,651‑square‑foot duplex; One unit is vacant and available for an interior tour; the other is occupied under a lease; Private laundry and a carport in each residence
