Duplex with Separate Guest
For Sale
$374,900
337 CHANDLER ROAD Nokomis Florida 34275, Nokomis, FL 34275
Updated Nokomis property with flexible living arrangements and convenient access to shopping, recreation, and beaches.
Property Size1,650 SF
Price / SF$227.21
Days on Market27
Property Features for 337 CHANDLER ROAD Nokomis Florida 34275
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
RSF3
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Buildings
1
Listing Agency:
Gulf Sands Realty
(941) 400-6237
Listed By:
Cynthia Brock · License #3230320
(941) 400-6237
Source:
Gulfsandsrealty
Added: Aug 3
Changed: Aug 28
Last Checked: Aug 29 at 5:48AM
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 Gulf Sands Realty
Investment Insights
Based on property information with market context.
This 1,650-square-foot duplex in Nokomis was built in 2003 and includes an upstairs three-bedroom, two-bath residence with a split-bedroom arrangement, living room, kitchen, and adjoining eat-in dining area. A separate first-level unit has its own entrance, living room, bedroom, full bathroom, and kitchenette with sink. The property also includes an oversized one-car garage and an additional finished room for storage or workspace.
Recent updates include two new HVAC systems, interior and exterior paint, new flooring, kitchen cabinetry, solid surface countertops, stainless steel appliances, and new lighting. Both bathrooms feature reglazed tubs or showers and new vanities. The RSF3-zoned property has no deed restrictions and is near Publix, I-75, the Legacy Trail, shopping, restaurants, and local beaches.
Recent updates include two new HVAC systems, interior and exterior paint, new flooring, kitchen cabinetry, solid surface countertops, stainless steel appliances, and new lighting. Both bathrooms feature reglazed tubs or showers and new vanities. The RSF3-zoned property has no deed restrictions and is near Publix, I-75, the Legacy Trail, shopping, restaurants, and local beaches.
Key Highlights
- 1,650‑square‑foot duplex built in 2003
- Separate first‑level unit with private entrance, bedroom, full bathroom, living room, and kitchenette
- Upstairs residence includes 3 bedrooms, 2 bathrooms, split‑bedroom layout, and eat‑in dining area
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
$16,862
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
4.50%
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%
$337,240
$337.2K
Cap Rate 7%
$240,886
$240.9K
Cap Rate 9%
$187,356
$187.4K
Market Conditions
NOI Build-Up for 1,650 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
$26.7K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$24.1K $14.60/SF
− OpEx
−$7.2K −$4.38/SF
NOI
$16.9K $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%
$337,240
Cap Rate 7%
$240,886
Cap Rate 9%
$187,356
Alternative Uses
Best Use
Multifamily LT 5
$240.9K
$210.8K – $281.0K
NOI $16,862 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$214.7K
$187.8K – $250.4K
NOI $15,026 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$468.9K
$410.3K – $547.1K
NOI $32,826 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 34275, FL
20,570
Population
13,139
Households
1.6
Avg Household Size
63
Median Age
43%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
800
Density / Sq Mi
$84,503
Median Household Income
$48,094
Median Earnings
$1,459
Median Rent
$435,600
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 - Updated Nokomis property with flexible living arrangements and convenient access to shopping, recreation, and beaches.
Where is this duplex located?
The property is located at 337 CHANDLER ROAD Nokomis Florida 34275 Nokomis, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,650‑square‑foot duplex built in 2003; Separate first‑level unit with private entrance, bedroom, full bathroom, living room, and kitchenette; Upstairs residence includes 3 bedrooms, 2 bathrooms, split‑bedroom layout, and eat‑in dining area
