Duplex with Metal
For Sale
$524,995
2911 BENTLEY STREET, Sarasota, FL 34239
No HOA and separate electric and water meters serve each unit in this Sarasota duplex.
Property Size1,968 SF
Price / SF$266.77
Days on Market20
Property Features for 2911 BENTLEY STREET
General Information
Standard status
Active
Size
1,968 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Asking Price
$524,995
Utilities to Site
Yes
Building Details
Year Built
1958
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
SAVVY AVENUE, LLC
(888) 490-1268
Listed By:
Moe Mossa · License #3432985
Source:
Endlesssummerrealty
Added: Jul 27
Changed: Aug 14
Last Checked: Aug 14 at 7:02AM
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 SAVVY AVENUE, LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate, well-maintained units in solid block construction, built in 1958. The property size is 1,968 SF, with each unit featuring 2 bedrooms, 1 full bathroom, an open-concept kitchen, dining area, and a comfortable great room. Ceramic tile flooring runs throughout, and each unit includes a pantry/laundry room with washer and dryer hookups. A two-car carport sits between the units, providing covered parking for both residences.
Updates include a 75-year-rated metal roof installed approximately eight years ago, HVAC systems replaced within the last four and five years, respectively, and newer water heaters in both units. The landscaped grounds add curb appeal, and the property is listed with no HOA. Separate electric and water meters support flexible living and tenancy.
Located in the established Southgate area of Sarasota, the property is described as about 10 minutes from downtown Sarasota and about 15 minutes from Siesta Key Beach and Lido Beach.
Updates include a 75-year-rated metal roof installed approximately eight years ago, HVAC systems replaced within the last four and five years, respectively, and newer water heaters in both units. The landscaped grounds add curb appeal, and the property is listed with no HOA. Separate electric and water meters support flexible living and tenancy.
Located in the established Southgate area of Sarasota, the property is described as about 10 minutes from downtown Sarasota and about 15 minutes from Siesta Key Beach and Lido Beach.
Key Highlights
- Duplex in solid block construction built in 1958
- 1,968 SF duplex with two units, each with 2 bedrooms and 1 full bathroom
- 75‑year‑rated metal roof installed approximately eight years ago
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
$25,853
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
4.92%
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%
$517,060
$517.1K
Cap Rate 7%
$369,329
$369.3K
Cap Rate 9%
$287,256
$287.3K
Market Conditions
NOI Build-Up for 1,968 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
$39.0K $19.80/SF
− Vacancy
−$2.0K −$1.03/SF
EGI
$36.9K $18.77/SF
− OpEx
−$11.1K −$5.63/SF
NOI
$25.9K $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%
$517,060
Cap Rate 7%
$369,329
Cap Rate 9%
$287,256
Alternative Uses
Best Use
Multifamily LT 5
$369.3K
$323.2K – $430.9K
NOI $25,853 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$340.2K
$297.7K – $396.9K
NOI $23,812 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$578.7K
$506.4K – $675.2K
NOI $40,511 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
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 - No HOA and separate electric and water meters serve each unit in this Sarasota duplex.
Where is this duplex located?
The property is located at 2911 BENTLEY STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $524,995.
What are key features of this property?
This property features: Duplex in solid block construction built in 1958; 1,968 SF duplex with two units, each with 2 bedrooms and 1 full bathroom; 75‑year‑rated metal roof installed approximately eight years ago
