Duplex Property with Covered
New
For Sale
$380,000
200 ORDUNA, North Port, FL 34287
Flexible layout includes multiple entrances and a shared covered pool area.
Property Size2,798 SF
Lot Size0.45 Acres
Price / SF$135.81
Days on Market2
Property Features for 200 ORDUNA
General Information
Standard status
Active
Size
2,798 SF
Lot size
0.45 Acres
Property subtype
Investment
Property Condition
Severity
Minor
Evidence
PLACE NEEDS SOME TLC.
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,685
Amenities
pool
Building Details
Building Size
2,798 SF
Year Built
1972
Listing Agency:
RE/MAX Palm Realty
(941) 525-6818
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Source:
Elliman
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 17 at 10:29AM
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 Palm Realty
Investment Insights
Based on property information with market context.
This duplex property provides nearly 2,798 square feet of living space on a 0.45-acre lot. The layout includes 6 bedrooms, 4 bathrooms, and two separate living quarters linked by a covered pool area. Multiple entrances support distinct household arrangements, while the pool setting adds a dedicated outdoor gathering space. The property needs some TLC and includes a planned new AC installation for Unit A on 07/13/2026.
Located at 200 Orduna in North Port’s Warm Mineral Springs area, the property is near shopping, restaurants, medical facilities, parks, and Warm Mineral Springs. US-41 and I-75 provide regional access, with Wellen Park, CoolToday Park, and Gulf beaches also within the surrounding area. BikeScore is 35, WalkScore is 33, and TransitScore is 18.
Located at 200 Orduna in North Port’s Warm Mineral Springs area, the property is near shopping, restaurants, medical facilities, parks, and Warm Mineral Springs. US-41 and I-75 provide regional access, with Wellen Park, CoolToday Park, and Gulf beaches also within the surrounding area. BikeScore is 35, WalkScore is 33, and TransitScore is 18.
Key Highlights
- Two separate living quarters connected by a covered pool area
- Nearly 2,798 square feet with 6 bedrooms and 4 bathrooms
- Situated on a 0.45‑acre lot at 200 Orduna, North Port, FL 34287
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
$28,594
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
7.52%
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%
$571,880
$571.9K
Cap Rate 7%
$408,486
$408.5K
Cap Rate 9%
$317,711
$317.7K
Market Conditions
NOI Build-Up for 2,798 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
$45.3K $16.20/SF
− Vacancy
−$4.5K −$1.60/SF
EGI
$40.8K $14.60/SF
− OpEx
−$12.3K −$4.38/SF
NOI
$28.6K $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%
$571,880
Cap Rate 7%
$408,486
Cap Rate 9%
$317,711
Alternative Uses
Best Use
Multifamily LT 5
$408.5K
$357.4K – $476.6K
NOI $28,594 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$795.2K
$695.8K – $927.8K
NOI $55,665 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
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 - Flexible layout includes multiple entrances and a shared covered pool area.
Where is this duplex located?
The property is located at 200 ORDUNA North Port, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two separate living quarters connected by a covered pool area; Nearly 2,798 square feet with 6 bedrooms and 4 bathrooms; Situated on a 0.45‑acre lot at 200 Orduna, North Port, FL 34287
