Homesite with Electric
For Sale
$144,000
30 HATCHETT CREEK Rd, Venice, FL 34285
0.25-acre homesite in a 55+ mobile home park, includes a 576 sq ft two-car garage with electric hook-up.
Property Size576 SF
Lot Size0.25 Acres
Price / SF$250
Days on Market25
Property Features for 30 HATCHETT CREEK Rd
General Information
Standard status
Active
Size
576 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$684
Listing Agency:
EXIT KING REALTY
(941) 929-8554
Listed By:
Barbara Fish · License #3342529
(941) 929-8554
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 6:54PM
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 EXIT KING REALTY
Investment Insights
Based on property information with market context.
This 0.25-acre corner homesite is located in a well-managed 55+ mobile home park and is ready for a new manufactured home. The property includes a 576 sq ft two-car garage with electric hook-up, featuring a workbench, sink, electronic garage door opener, and ample storage with shelving and mounted cabinets.
The previous older mobile home and carport were destroyed by two hurricanes in 2024 and have since been removed. Low HOA fees include water and sewer. The homesite backs up to the Legacy Trail and is located across from the Intracoastal Waterway.
With the manufactured home site cleared and the existing garage improvements in place, the property offers a practical foundation for building to code at the higher elevation.
The previous older mobile home and carport were destroyed by two hurricanes in 2024 and have since been removed. Low HOA fees include water and sewer. The homesite backs up to the Legacy Trail and is located across from the Intracoastal Waterway.
With the manufactured home site cleared and the existing garage improvements in place, the property offers a practical foundation for building to code at the higher elevation.
Key Highlights
- 0.25‑acre homesite in a well‑managed 55+ mobile home park
- Includes a 576 SF two‑car garage with electric hook‑up, workbench, sink, and shelving/mounted cabinets
- Low HOA fees include water and sewer service
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
$5,246
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
3.64%
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%
$104,920
$104.9K
Cap Rate 7%
$74,943
$74.9K
Cap Rate 9%
$58,289
$58.3K
Market Conditions
NOI Build-Up for 576 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
$10.6K $18.48/SF
− Vacancy
−$1.1K −$1.92/SF
EGI
$9.5K $16.56/SF
− OpEx
−$4.3K −$7.45/SF
NOI
$5.2K $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%
$104,920
Cap Rate 7%
$74,943
Cap Rate 9%
$58,289
Alternative Uses
Best Use
Apartment 5plus
$74.9K
$65.6K – $87.4K
NOI $5,246 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$163.7K
$143.2K – $191.0K
NOI $11,459 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
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?
Residential land & home lot - 0.25-acre homesite in a 55+ mobile home park, includes a 576 sq ft two-car garage with electric hook-up.
Where is this residential land & home lot located?
The property is located at 30 HATCHETT CREEK Rd Venice, FL.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: 0.25‑acre homesite in a well‑managed 55+ mobile home park; Includes a 576 SF two‑car garage with electric hook‑up, workbench, sink, and shelving/mounted cabinets; Low HOA fees include water and sewer service
