Duplex with Updated
New
For Sale
$485,000
300 & 302 BRIARWOOD ROAD, Venice, FL 34293
Both residences offer two bedrooms, a bonus room, and separate laundry facilities.
Property Size2,320 SF
Price / SF$209.05
Days on Market4
Property Features for 300 & 302 BRIARWOOD ROAD
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Duplex
Amenities
0.19 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 0434080008, Public Survey Range: 19, Public Survey Section: 20, Annual Amount: $4,814.4, Tax Book Number: 9-75, Legal Description: LOT 328 VENICE GARDENS UNIT 5, Lot: 328, Year: 2025, Zoning: RMF1
Tile
Gross Income: $45,600
Central Air
Electric
Electric Dryer Hookup, Laundry Room, Washer Hookup
Listing ID: MFRTB8551774, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-24, 1 day on market, Special Conditions: None
1 carport space
Elementary School: Garden Elementary, Middle School: Venice Area Middle, High School: Venice Senior High
Blinds
4 total bedrooms
Built in 1972, Living area: 2320, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: VENICE GARDENS, MLS Area (Major): 34293 - Venice, County/Parish: Sarasota
2 total bathrooms
Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Road Responsibility: Public Maintained Road, Road Surface: Paved
Sidewalk
Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Building Details
Year Built
1972
Listing Agency:
THE AGENCY FL
(407) 335-4119
Listed By:
Lisa Burnette · License #3613064
(727) 642-1883
Source:
Miharaandassociates
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 2:49PM
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 THE AGENCY FL
Investment Insights
Based on property information with market context.
At 300 and 302 Briarwood Road, this 2,320-square-foot duplex was built in 1972 and is fully rented. Each matching unit has two full-size bedrooms, a rear bonus room with French doors, tile flooring, an updated kitchen with new appliances, and a modernized bathroom. Improvements include a new roof, replacement windows, updated air conditioning, new interior doors, and plumbing and toilet updates. A separate laundry room serves each unit.
The property sits on a corner lot in Venice, less than 10 minutes from the beach and near major stores and everyday essentials. On-site features include a covered carport, ample parking, and a large yard.
The property sits on a corner lot in Venice, less than 10 minutes from the beach and near major stores and everyday essentials. On-site features include a covered carport, ample parking, and a large yard.
Key Highlights
- 9 percent cap rate; fully rented duplex
- 2,320 square feet on a corner lot
- Two full‑size bedrooms and a rear bonus room in each unit
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
$23,709
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
4.89%
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%
$474,180
$474.2K
Cap Rate 7%
$338,700
$338.7K
Cap Rate 9%
$263,433
$263.4K
Market Conditions
NOI Build-Up for 2,320 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
$37.6K $16.20/SF
− Vacancy
−$3.7K −$1.60/SF
EGI
$33.9K $14.60/SF
− OpEx
−$10.2K −$4.38/SF
NOI
$23.7K $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%
$474,180
Cap Rate 7%
$338,700
Cap Rate 9%
$263,433
Alternative Uses
Best Use
Multifamily LT 5
$338.7K
$296.4K – $395.2K
NOI $23,709 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,128 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$659.4K
$576.9K – $769.3K
NOI $46,155 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 34293, FL
44,935
Population
28,344
Households
1.6
Avg Household Size
63
Median Age
38%
College-Educated
95%
High-School Grad
32.6 sq mi
ZIP Area
1,378
Density / Sq Mi
$87,543
Median Household Income
$40,427
Median Earnings
$1,831
Median Rent
$368,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, a bonus room, and separate laundry facilities.
Where is this duplex located?
The property is located at 300 & 302 BRIARWOOD ROAD Venice, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 9 percent cap rate; fully rented duplex; 2,320 square feet on a corner lot; Two full‑size bedrooms and a rear bonus room in each unit
