Duplex Property with Separate
For Sale
Contact for pricing
300 San Lorenzo Ave, North Port, FL 34287
Both residences include air conditioning and washer/dryer hookups.
Property Size1,550 SF
Price / SF$187.10
Days on Market117
Property Features for 300 San Lorenzo Ave
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Multifamily
Zoning
RMF1
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
air conditioning
range
refrigerator
washer/dryer hookups
Building Details
Year Built
1969
Buildings
1
Units
2
Listing Agency:
RE/MAX Palm Realty
(941) 525-6818
Listed By:
Regina Melman · License #FL - 3455400
Source:
Crexi
Added: May 6
Changed: Aug 30
Last Checked: Aug 30 at 5:51AM
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 contains 1,550 square feet arranged as two separate residences. Each unit offers 2 bedrooms and 1 bathroom, along with air conditioning, a range, a refrigerator, and washer/dryer hookups. The property was built in 1969, providing a straightforward two-unit configuration for residential occupancy.
Located at 300 San Lorenzo Ave in North Port’s Warm Mineral Springs area, the property is near shopping, dining, schools, parks, and Warm Mineral Springs. Gulf beaches and major roadways are also accessible from the area. The property carries RMF1 zoning, has no HOA or CDD, and is identified as being outside a flood zone.
Located at 300 San Lorenzo Ave in North Port’s Warm Mineral Springs area, the property is near shopping, dining, schools, parks, and Warm Mineral Springs. Gulf beaches and major roadways are also accessible from the area. The property carries RMF1 zoning, has no HOA or CDD, and is identified as being outside a flood zone.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 bathroom
- 1,550 square feet across the duplex; built in 1969
- Each unit includes air conditioning, a range, and a refrigerator
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
$15,840
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
5.46%
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%
$316,800
$316.8K
Cap Rate 7%
$226,286
$226.3K
Cap Rate 9%
$176,000
$176.0K
Market Conditions
NOI Build-Up for 1,550 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
$25.1K $16.20/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$22.6K $14.60/SF
− OpEx
−$6.8K −$4.38/SF
NOI
$15.8K $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%
$316,800
Cap Rate 7%
$226,286
Cap Rate 9%
$176,000
Alternative Uses
Best Use
Multifamily LT 5
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,116 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$440.5K
$385.5K – $514.0K
NOI $30,837 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
306
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 - Both residences include air conditioning and washer/dryer hookups.
Where is this duplex located?
The property is located at 300 San Lorenzo Ave North Port, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 bathroom; 1,550 square feet across the duplex; built in 1969; Each unit includes air conditioning, a range, and a refrigerator
