Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17 Saragossa Ln North Port, FL 34287

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Rare multifamily development opportunity.

    Property Features for 17 Saragossa Ln

    General Information

    Property type
    Land
    Lot Size
    34,412 SF

    We can help!

    Listing Contact
    Regina Melman
    Regina Melman

    Listing Agency: RE/MAX PALM REALTY OF VENICE Listing Agent: Regina Melman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 0.79-acre waterfront property in North Port, Florida, presents a unique investment opportunity for builders and developers. Located on Saragossa Lane in Sarasota County (APN 0770160015), this fee-simple land boasts RMF4 zoning, permitting the construction of multifamily dwellings such as duplexes or single-family homes. The property offers canal and lake access with stunning water and lake views, facing south. Detailed lot dimensions are 300.83x182.89x166.84x109.77. Its prime location is within walking distance of Warm Mineral Springs, adding significant appeal. The property's current use is residential. A financial analysis for building luxury duplexes and a list of RMF4 entitlements are available upon request. The possibility of connecting to public water exists, enhancing the development potential. Cash purchase only. Directions are available from both Port Charlotte and Venice. This is a truly rare opportunity to own a piece of income-producing paradise in a highly desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2652802
    Latitude
    27.048192

    Nearby Similar for Sale

    • $6,249,990
      29,366 SF

      North Port Leased Office Building

      29,366 SF office building, 90% leased, investment opportunity.
      5900 Pan American Blvd, North Port, FL 34287
      View Details
    • $499,000
      2,312 SF

      North Port Duplex Investment Opportunity

      Turnkey, fully furnished duplex near Warm Mineral Springs in North Port.
      12025 Saragossa Ln, North Port, FL 34287
      View Details
    • $499,000
      2,312 SF

      Turnkey Duplex Near Warm Springs

      Fully furnished duplex built in 2020, excellent income opportunity.
      12031 Saragossa Ln, North Port, FL 34287
      View Details
    • New
      $330,000
      Pending

      Income-Producing Duplex Near Warm Springs

      Duplex near Warm Mineral Springs with separately metered units.
      200 San Lorenzo Ave, North Port, FL 34287
      View Details
    • $2,800,000
      12,133 SF

      Income-Producing Office Investment Opportunity

      Fully leased office buildings in high-demand North Port corridor.
      2525 Bobcat Village Center Rd, North Port, FL 34288
      View Details
    • $335,000
      Pending

      Updated Duplex in North Port

      Well-maintained duplex with updated units, new roof, and commercial zoning.
      6260 Landover Ter, North Port, FL 34287
      View Details
    • New
      $125,000
      2,839 SF

      Restaurant Space in Publix Center

      Turnkey restaurant opportunity in high-traffic North Port location.
      1091 Toledo Blade Blvd, North Port, FL 34288
      View Details
    • $60,000
      0.09 Acres

      Waterfront Lot in Active Community

      Waterfront manufactured home lot in 55+ Harbor Cove community.
      506 Clarion Pl, North Port, FL 34287
      View Details
    • $625,000
      2,550 SF

      North Port Quadruplex Investment Opportunity

      Fully rented quadruplex in North Port, Florida, near Wellen Park.
      12210 Genoa Dr, North Port, FL 34287
      View Details
    • $600,000
      2,757 SF

      Bobcat Village Professional Center Building

      2,757 SF building in desirable Bobcat Village Professional Center.
      3075 Bobcat Village Center Rd, North Port, FL 34288
      View Details
    • $1,500,000
      Pending

      North Port Office Building For Sale

      Well-located office building with extensive parking and professional reception area.
      14972 Tamiami Trl, North Port, FL 34287
      View Details
    • $6,249,990

      North Port Office Building For Sale

      30,000 SF office building, 90% leased, investment opportunity.
      5900 Pan American Blvd, North Port, FL 34287
      View Details

    FAQs

    What type of property is this?
    Land - Rare multifamily development opportunity.
    Where is this land located?
    The property is located at 17 Saragossa Ln North Port, FL.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: 0.79-acre waterfront lot, dimensions 300.83x182.89x166.84x109.77 feet.; Waterfront property with canal and lake access, offering lake privileges.; South-facing lot with canal and lake views.
    (941) 525-6818 Call to check price and availability
    Request Owner's contact information
    17 Saragossa Ln North Port, FL 34287
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17 Saragossa Ln
    North Port, FL 34287
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Saragossa Ln North Port, FL 34287
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Regina Melman
    Regina Melman
    Real Estate License ID: 3455400
    (941) 525-6818 (941) 451-2025 (941) 629-3188
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!