Three-Bedroom Half-Duplex
For Sale
$375,000
5314 WHITE SAND COVE, Bradenton, FL 34211
Half-duplex villa with a two-bath layout, ceiling fans throughout, and access to extensive community recreation.
Property Size1,414 SF
Price / SF$265.21
Days on Market9
Property Features for 5314 WHITE SAND COVE
General Information
Standard status
Active
Size
1,414 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Amenities
clubhouse
fitness center
aerobics studio
basketball court
tennis courts
playground
swimming pool
poolside bar
on-site restaurant
indoor bar
Building Details
Year Built
2023
Listing Agency:
THE KEYES COMPANY - SARASOTA
(941) 362-4100
Listed By:
George Scarpias · License #3522968
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 16
Changed: Sep 23
Last Checked: Sep 24 at 8:51AM
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 THE KEYES COMPANY - SARASOTA
Investment Insights
Based on property information with market context.
Built in 2023, this half-duplex villa offers three bedrooms, two bathrooms, and 1,414 of property size. Ceiling fans are installed throughout the rooms, supporting comfortable everyday living in the Florida climate.
The home is located in Lorraine Lakes, a community within the master-planned Lakewood Ranch area. Community amenities include a clubhouse, fitness center, aerobics studio, basketball court, tennis courts, playground, swimming pool, poolside bar, restaurant, and indoor bar. The property also provides access to beaches, nightlife, cultural attractions, and recreation throughout the Sarasota and Manatee area.
The home is located in Lorraine Lakes, a community within the master-planned Lakewood Ranch area. Community amenities include a clubhouse, fitness center, aerobics studio, basketball court, tennis courts, playground, swimming pool, poolside bar, restaurant, and indoor bar. The property also provides access to beaches, nightlife, cultural attractions, and recreation throughout the Sarasota and Manatee area.
Key Highlights
- Three‑bedroom, two‑bath half‑duplex villa
- 1,414 property size
- Built in 2023
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
$17,109
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
4.56%
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%
$342,180
$342.2K
Cap Rate 7%
$244,414
$244.4K
Cap Rate 9%
$190,100
$190.1K
Market Conditions
NOI Build-Up for 1,414 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
$32.9K $23.28/SF
− Vacancy
−$1.8K −$1.28/SF
EGI
$31.1K $22.00/SF
− OpEx
−$14.0K −$9.90/SF
NOI
$17.1K $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%
$342,180
Cap Rate 7%
$244,414
Cap Rate 9%
$190,100
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,109 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$415.8K
$363.8K – $485.1K
NOI $29,107 @ 7.0% cap · market cap 7.76%
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
64
Businesses Nearby
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Business Placement
Demographics for 34211, FL
16,845
Population
9,943
Households
1.7
Avg Household Size
50
Median Age
55%
College-Educated
96%
High-School Grad
34.0 sq mi
ZIP Area
495
Density / Sq Mi
$118,565
Median Household Income
$61,370
Median Earnings
$1,940
Median Rent
$601,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex villa with a two-bath layout, ceiling fans throughout, and access to extensive community recreation.
Where is this residential income property located?
The property is located at 5314 WHITE SAND COVE Bradenton, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath half‑duplex villa; 1,414 property size; Built in 2023
