Income-Producing Property in North
For Sale
$2,800,000
2525 BOBCAT VILLAGE CENTER Rd, North Port, FL 34288
Exceptional investment opportunity in a rapidly growing area.
Property Size12,133 SF
Lot Size1.00 Acre
Price / SF$231.40
Days on Market166
Property Features for 2525 BOBCAT VILLAGE CENTER Rd
General Information
Standard status
Active
Size
12,133 SF
Lot size
1.00 Acre
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$29,066
Building Details
Building Size
12,133 SF
Year Built
2007
Listing Agency:
Re/Max Harbor Realty
(863) 990-1748
Listed By:
Walt Bethel · License #253500066
(863) 990-1748
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 21 at 11:42AM
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 Harbor Realty
Investment Insights
Based on property information with market context.
This income-producing property is located in the rapidly growing North Port/I-75 corridor, situated in Sarasota County within the Bobcat Village Center and adjacent to the Sarasota Memorial Emergency Room. The property consists of two Key West-style buildings totaling approximately 12,100 heated square feet. Building #1 includes five units (approx. 5,800 sq/ft), and Building #2 includes six units (approx. 6,200 sq/ft). All units are currently leased, offering a 100% occupancy rate. The site features 50 on-site parking spaces and is zoned PCD (Planned Community Development), a designation that allows for a variety of uses including medical, office, and daycare. These buildings are to be sold together and cannot be separated. Located 3 miles from I-75, 2.5 miles from US-41, and directly across from a premier golf course community, this well-maintained property presents an opportunity for investors seeking stable income and long-term growth in a high-demand area.
Key Highlights
- 100% Occupancy: Immediate cash flow from fully leased units.
- Prime Location: Situated in the rapidly growing North Port/I‑75 corridor, adjacent to Sarasota Memorial Emergency Room.
- High‑Demand Area: Presents a compelling opportunity for stable income and long‑term growth.
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
$110,194
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
3.94%
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%
$2,203,880
$2.2M
Cap Rate 7%
$1,574,200
$1.6M
Cap Rate 9%
$1,224,378
$1.2M
Market Conditions
NOI Build-Up for 12,100 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
$223.6K $18.48/SF
− Vacancy
−$23.3K −$1.92/SF
EGI
$200.4K $16.56/SF
− OpEx
−$90.2K −$7.45/SF
NOI
$110.2K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
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%
$2,203,880
Cap Rate 7%
$1,574,200
Cap Rate 9%
$1,224,378
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.84M
NOI $110,194 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,724 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 34288, FL
14,010
Population
6,171
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
93%
High-School Grad
19.3 sq mi
ZIP Area
726
Density / Sq Mi
$78,750
Median Household Income
$38,665
Median Earnings
$1,951
Median Rent
$333,400
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?
Apartment building - Exceptional investment opportunity in a rapidly growing area.
Where is this apartment building located?
The property is located at 2525 BOBCAT VILLAGE CENTER Rd North Port, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 100% Occupancy: Immediate cash flow from fully leased units.; Prime Location: Situated in the rapidly growing North Port/I‑75 corridor, adjacent to Sarasota Memorial Emergency Room.; High‑Demand Area: Presents a compelling opportunity for stable income and long‑term growth.
