Single-Level Residential Income
For Sale
$160,000
5031 BARRINGTON CIR #601, Sarasota, FL 34234
Two-bedroom villa with a covered carport, community pool access, and an updated 2025 A/C system.
Property Size1,204 SF
Price / SF$132.89
Days on Market16
Property Features for 5031 BARRINGTON CIR #601
General Information
Standard status
Active
Size
1,204 SF
Total Parking Spaces
1
Property subtype
Half Duplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,441
Amenities
community pool
Building Details
Building Size
1,204 SF
Year Built
1982
Stories
1
Listing Agency:
EXP REALTY, LLC
Listed By:
Jennifer Kenna · License #3288205
(941) 253-3003
Source:
Daniellegladdingco
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 22 at 10:19PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This single-level villa in the Barrington Woods community offers 1,204 square feet with two bedrooms and two bathrooms. The residence includes a covered carport and a 2025 A/C system, along with access to a community pool. Built in 1982, the property is located in Sarasota, Florida.
The home is near downtown Sarasota and Sarasota-Bradenton International Airport, with access to the Ringling Museum of Art, Asolo Theatre, New College of Florida, and USF Sarasota-Manatee. Sarasota's bayfront, shopping, dining, entertainment, and Gulf beaches are also identified among the surrounding destinations.
The home is near downtown Sarasota and Sarasota-Bradenton International Airport, with access to the Ringling Museum of Art, Asolo Theatre, New College of Florida, and USF Sarasota-Manatee. Sarasota's bayfront, shopping, dining, entertainment, and Gulf beaches are also identified among the surrounding destinations.
Key Highlights
- Two‑bedroom, two‑bath villa with 1,204 square feet of single‑level living
- 2025 A/C system
- Covered carport included
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
$14,568
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
9.11%
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%
$291,360
$291.4K
Cap Rate 7%
$208,114
$208.1K
Cap Rate 9%
$161,867
$161.9K
Market Conditions
NOI Build-Up for 1,204 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
$28.0K $23.28/SF
− Vacancy
−$1.5K −$1.28/SF
EGI
$26.5K $22.00/SF
− OpEx
−$11.9K −$9.90/SF
NOI
$14.6K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /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%
$291,360
Cap Rate 7%
$208,114
Cap Rate 9%
$161,867
Alternative Uses
Best Use
Apartment 5plus
$208.1K
$182.1K – $242.8K
NOI $14,568 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.1K
$309.8K – $413.1K
NOI $24,784 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom villa with a covered carport, community pool access, and an updated 2025 A/C system.
Where is this residential income property located?
The property is located at 5031 BARRINGTON CIR #601 Sarasota, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath villa with 1,204 square feet of single‑level living; 2025 A/C system; Covered carport included
