Fully Leased
For Sale
$395,000
Pending
6947 Brentford Rd, Sarasota, FL 34241
Two-unit property with fenced yards, lanais, and laundry hookups serving each residence.
Property Size1,576 SF
Days on Market123
Property Features for 6947 Brentford Rd
General Information
Standard status
Pending
Size
1,576 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,625
Amenities
fenced yard
lanai
washer dryer hook ups
Building Details
Buildings
1
Listing Agency:
WAGNER REALTY
(941) 773-9184
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Source:
Exprealty
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 5:35AM
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 WAGNER REALTY
Investment Insights
Based on property information with market context.
This 1,576-square-foot duplex at 6947 Brentford Rd in Sarasota, Florida, is fully leased and configured as two separate residences. Each unit includes two bedrooms, one bathroom, a lanai, and a fenced yard. Laundry closets with washer and dryer hookups are located off the lanais.
The property has a newer roof installed in 2023. The 6947 side has been updated and features newer impact windows. Its east Sarasota County setting and existing lease status provide a defined residential income configuration, while the separate outdoor areas and unit-level laundry connections add practical features for occupants.
The property has a newer roof installed in 2023. The 6947 side has been updated and features newer impact windows. Its east Sarasota County setting and existing lease status provide a defined residential income configuration, while the separate outdoor areas and unit-level laundry connections add practical features for occupants.
Key Highlights
- Fully leased duplex at 6947 Brentford Rd, Sarasota, FL
- 1,576 SF property with two separate 2/1 units
- Newer roof installed 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
$20,703
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
5.24%
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%
$414,060
$414.1K
Cap Rate 7%
$295,757
$295.8K
Cap Rate 9%
$230,033
$230.0K
Market Conditions
NOI Build-Up for 1,576 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
$31.2K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$29.6K $18.77/SF
− OpEx
−$8.9K −$5.63/SF
NOI
$20.7K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /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%
$414,060
Cap Rate 7%
$295,757
Cap Rate 9%
$230,033
Alternative Uses
Best Use
Multifamily LT 5
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,069 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$463.5K
$405.5K – $540.7K
NOI $32,442 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 34241, FL
14,589
Population
6,719
Households
2.2
Avg Household Size
52
Median Age
48%
College-Educated
96%
High-School Grad
70.1 sq mi
ZIP Area
208
Density / Sq Mi
$113,114
Median Household Income
$44,289
Median Earnings
$1,797
Median Rent
$479,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with fenced yards, lanais, and laundry hookups serving each residence.
Where is this duplex located?
The property is located at 6947 Brentford Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully leased duplex at 6947 Brentford Rd, Sarasota, FL; 1,576 SF property with two separate 2/1 units; Newer roof installed in 2023
