Two-Unit Duplex with Screened
New
For Sale
$395,000
9320 & 9322 ANITA AVENUE, Englewood, FL 34224
Each residence includes two bedrooms, two baths, and a den or office.
Property Size2,266 SF
Price / SF$174.32
Days on Market6
Property Features for 9320 & 9322 ANITA AVENUE
General Information
Standard status
Active
Size
2,266 SF
Property subtype
Duplex
Building Details
Year Built
2007
Listing Agency:
REALTY ONE GROUP MVP
(800) 896-8790
Listed By:
Chadwick Knight · License #3321115
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 2 at 11:11PM
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 REALTY ONE GROUP MVP
Investment Insights
Based on property information with market context.
Built in 2007, this 2,266-square-foot duplex contains two residences of approximately 1,133 square feet each. Both units have two bedrooms, two bathrooms, a den or office, high ceilings, and an open layout. French doors connect the living area to the den, and a screened lanai at each unit faces the backyard. Kitchens feature maple cabinetry, updated appliances, storage, and a breakfast bar. Tile and luxury vinyl plank flooring are used throughout; bedrooms also have ceiling fans and closets.
The property is in Englewood, with Gulf beaches, shopping, dining, and outdoor recreation among the nearby destinations. One unit can be occupied while the other is leased, or both can be operated as rentals.
The property is in Englewood, with Gulf beaches, shopping, dining, and outdoor recreation among the nearby destinations. One unit can be occupied while the other is leased, or both can be operated as rentals.
Key Highlights
- Two‑unit duplex with 2,266 square feet total
- Built in 2007; each unit is approximately 1,133 square feet
- Both residences offer 2 bedrooms, 2 baths, and a den or office
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
$21,920
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
5.55%
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%
$438,400
$438.4K
Cap Rate 7%
$313,143
$313.1K
Cap Rate 9%
$243,556
$243.6K
Market Conditions
NOI Build-Up for 2,266 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
$38.6K $17.04/SF
− Vacancy
−$7.3K −$3.22/SF
EGI
$31.3K $13.82/SF
− OpEx
−$9.4K −$4.15/SF
NOI
$21.9K $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%
$438,400
Cap Rate 7%
$313,143
Cap Rate 9%
$243,556
Alternative Uses
Best Use
Multifamily LT 5
$313.1K
$274.0K – $365.3K
NOI $21,920 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,006 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$742.0K
$649.2K – $865.6K
NOI $51,937 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
203
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, two baths, and a den or office.
Where is this duplex located?
The property is located at 9320 & 9322 ANITA AVENUE Englewood, 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: Two‑unit duplex with 2,266 square feet total; Built in 2007; each unit is approximately 1,133 square feet; Both residences offer 2 bedrooms, 2 baths, and a den or office
