Duplex with Private
For Sale
$450,000
9312 ANITA AVE #A and B, Englewood, FL 34224
Two refreshed residences offer separate living spaces, with one currently occupied by a tenant.
Property Size1,944 SF
Days on Market12
Property Features for 9312 ANITA AVE #A and B
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,159
Building Details
Building Size
1,944 SF
Year Built
1986
Listing Agency:
GRANT TEAM REAL ESTATE, LLC
Listed By:
Christopher Grant · License #3238094
(941) 740-7053
Source:
Nixandassociates
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 1 at 7:25PM
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 GRANT TEAM REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This 1986 duplex contains two residences, each arranged with two bedrooms and one bathroom. Both interiors have been remodeled with luxury vinyl plank flooring, granite kitchen counters, and stainless steel appliances. Sliding glass doors from each primary bedroom open to a patio, and both bathrooms include a tub-and-shower combination.
One residence is leased through May 2027. The property is in Englewood, with shopping, dining, parks, and Gulf Coast beaches described as a short drive away.
One residence is leased through May 2027. The property is in Englewood, with shopping, dining, parks, and Gulf Coast beaches described as a short drive away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- One unit is rented through May 2027
- Remodeled interiors feature luxury vinyl plank flooring
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
$18,805
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
4.18%
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%
$376,100
$376.1K
Cap Rate 7%
$268,643
$268.6K
Cap Rate 9%
$208,944
$208.9K
Market Conditions
NOI Build-Up for 1,944 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
$33.1K $17.04/SF
− Vacancy
−$6.3K −$3.22/SF
EGI
$26.9K $13.82/SF
− OpEx
−$8.1K −$4.15/SF
NOI
$18.8K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$376,100
Cap Rate 7%
$268,643
Cap Rate 9%
$208,944
Alternative Uses
Best Use
Multifamily LT 5
$268.6K
$235.1K – $313.4K
NOI $18,805 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.1K
NOI $17,163 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$636.5K
$557.0K – $742.6K
NOI $44,556 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
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 refreshed residences offer separate living spaces, with one currently occupied by a tenant.
Where is this duplex located?
The property is located at 9312 ANITA AVE #A and B Englewood, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; One unit is rented through May 2027; Remodeled interiors feature luxury vinyl plank flooring
