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    12210 Genoa Dr North Port, FL 34287
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    12210 Genoa Dr, North Port, FL 34287

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    • Quadplexes
    • 2,550 SF
    For Sale
    $625,000
    View Listing →
    North Port Quad Multifamily Home For Sale
    $625,000
    2,550 SF

    North Port Quad Multifamily Home

    Executive-style quad in a vibrant North Port community.

    12210 Genoa Dr, North Port, FL 34287
    View Listing
    Property ID
    US18-9280919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quadplexes

    Property Details for 12210 Genoa Dr

    Year built
    1968
    Property type
    Quadplexes

    Description

    Rare! QUAD! 3 UNITS FULLY RENTED (keeping the fourth unit for showings). MULTIFAMILY! INCOME PROPERTY! Location! Location! Location! No HOA or CDD! Low taxes! Welcome to a great opportunity to own an executive style quad-multifamily home in the desirable city of north port. Situated in a vibrant and thriving community minutes away from warm mineral springs, this property promises a lifestyle filled with abundant sunshine, natural beauty, and coastal charm. This home benefits from its prime location, offering easy access to an array of amenities and attractions. These are just a few of the upgrades and meticulous upkeep of this spectacular home. Discover the nearby pristine gulf beaches, where you can bask in the sun, partake in water activities, or simply relish the tranquility of the ocean. Embark on nautical adventures from the conveniently located marinas, allowing you to explore the region's captivating waterways and nearby islands. Fishing enthusiasts will delight in the world-class fishing opportunities, while golf aficionados can indulge in a variety of renowned golf courses. North port is known for its thriving shopping and dining scene, featuring a diverse range of retail centers, boutiques, and restaurants. Immerse yourself in the vibrant downtown area, boasting charming shops, art galleries, and entertainment venues. The city hosts numerous cultural events, festivals, and community gatherings throughout the year, ensuring there's always something exciting happening. Lose yourself in the beauty of charlotte harbor preserve state park, where scenic trails, wildlife sightings, and peaceful waterways await exploration. Myakka river state park is another nearby gem, enchanting visitors with its stunning landscapes and diverse flora and fauna. Nature enthusiasts will find endless opportunities to connect with the outdoors just moments away from this property. North port also boasts excellent educational institutions, reliable medical facilities, and convenient transportation options. The city's welcoming community and strong sense of belonging make it an ideal place to establish roots and create lasting memories. Do not miss out on this exceptional opportunity to craft your dream home or invest in a prime location. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property! More pictures are coming!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2601502
    Latitude
    27.0496375

    Comparable in this City

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      0.18 Acres

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      3,133 SF

      Turnkey Investment Property Near Springs

      Fully furnished duplex built in 2020 near mineral springs.
      12031 Saragossa Ln, North Port, FL 34287
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    • New
      $275,000
      1,550 SF

      Income-Producing Duplex Near Warm Springs

      Duplex in North Port near amenities and Warm Mineral Springs.
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    Similar Nearby for Sale

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      0.18 Acres

      Corner Lot in Gated Community

      Corner lot in 55+ gated community with utilities connected.
      6907 Apopo Ct, North Port, FL 34287
      View Details
    • Contact for pricing
      3,133 SF

      Turnkey Investment Property Near Springs

      Fully furnished duplex built in 2020 near mineral springs.
      12031 Saragossa Ln, North Port, FL 34287
      View Details
    • New
      $275,000
      1,550 SF

      Income-Producing Duplex Near Warm Springs

      Duplex in North Port near amenities and Warm Mineral Springs.
      300 San Lorenzo Ave, North Port, FL 34287
      View Details

    Similar Nearby for Lease

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      High-End Office Space Available

      Meticulously maintained office building with high-end finishes available for rent.
      4451 Aidan Ln, North Port, FL 34287
      View Details
    • $20 SF/Yr
      17,171 SF

      Prime North Port Office Suites

      Class A Office Space, 4 Suites Available
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Contact for pricing

      14385 Tamiami Trl, Unit a

      For Lease - 903 sq ft office, North Port, FL
      14385 Tamiami Trl, North Port, FL 34287
      View Details
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      Retail Outparcel on Tamiami Trail

      1.14 acre retail outparcel with high traffic exposure.
      12630 Tamiami Trl, North Port, FL 34287
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      Refurbished Medical Office Space

      Move-in ready medical office space with multiple exam rooms.
      14575 S Tamiami Trl, North Port, FL 34287
      View Details
    View Listing
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    North Port, FL 34287
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    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.

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