Corner Residential Income
For Sale
$405,000
528 BRIARWOOD ROAD, Venice, FL 34293
Residential income property with central air, kitchen appliances, and RMF1 zoning in Sarasota County.
Property Size2,484 SF
Price / SF$231.96
Days on Market400
Property Features for 528 BRIARWOOD ROAD
General Information
Standard status
Active
Size
2,484 SF
Property subtype
Residential Income
Zoning
RMF1
Taxes and HOA fees
Annual Taxes
$4,353
Amenities
Central Air
Central
Range, Refrigerator
Building Details
Building Size
2,484 SF
Year Built
1972
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Rachel Tritschler · License #3368249
(941) 993-5892
Source:
Evrealestate
Added: Aug 1, 2025
Changed: Sep 2
Last Checked: Aug 30 at 3:26PM
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 ALLIANCE GROUP
Investment Insights
Based on property information with market context.
This residential income property at 528 Briarwood Road in Venice offers 1,746 square feet of property size, with central air and central heating. Interior features include a range and refrigerator. The property was built in 1972 and carries RMF1 zoning.
The property is positioned on the corner of Briarwood Road and is located in Sarasota County. Access is described from I-75 via Exit 193, followed by Jacaranda Boulevard, Center Road, Shamrock Boulevard, and Valencia Drive.
The property is positioned on the corner of Briarwood Road and is located in Sarasota County. Access is described from I-75 via Exit 193, followed by Jacaranda Boulevard, Center Road, Shamrock Boulevard, and Valencia Drive.
Key Highlights
- 1,746 square feet of property size
- RMF1 zoning
- Built in 1972
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
$15,901
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
3.93%
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%
$318,020
$318.0K
Cap Rate 7%
$227,157
$227.2K
Cap Rate 9%
$176,678
$176.7K
Market Conditions
NOI Build-Up for 1,746 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
$32.3K $18.48/SF
− Vacancy
−$3.4K −$1.92/SF
EGI
$28.9K $16.56/SF
− OpEx
−$13.0K −$7.45/SF
NOI
$15.9K $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%
$318,020
Cap Rate 7%
$227,157
Cap Rate 9%
$176,678
Alternative Uses
Best Use
Apartment 5plus
$227.2K
$198.8K – $265.0K
NOI $15,901 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,736 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with central air, kitchen appliances, and RMF1 zoning in Sarasota County.
Where is this residential income property located?
The property is located at 528 BRIARWOOD ROAD Venice, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,746 square feet of property size; RMF1 zoning; Built in 1972
