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    227 CENTRAL AVENUE Sarasota, FL 34236

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    Claim this Listing
    For Sale
    $2,499,999

    Mixed Use - SARASOTA, FL

    Type:Mixed Use
    Property size:
    5,918 SF
    Lot size:
    0.22 Acres
    Added:
    May 14, 2025
    Days on Market:
    342
    Last Refresh:
    Apr 20 at 10:06 pm

    Property Features for 227 CENTRAL AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    DTC
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    2026130013
    Size
    5,918 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    23488.49

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Flooring type
    Carpet, Laminate, Tile, Tile - Ceramic
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dawn Cohen

    Listing agent Dawn Cohen License #3448110

    Listing office PREMIER PLUS REALTY 2636 Bee Ridge Road, SARASOTA, FL

    Listing date May 14, 2025

    MLS# R4909344 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Sarasota, FL

    This mixed-use property is located in Sarasota, FL, and offers a fabulous location with possibilities for various uses. The zoning allows for condo, residential, and commercial development. The property features on-site parking with 18 spaces, and is situated on a corner lot. There are no condo or HOA fees. The floor plan allows for flexible use of the space. Both bathrooms can be converted into full baths. All upstairs rooms have room for closets. The property includes a kitchen, common area, storage closets, meeting room, and reception area. The second floor has a private entrance. There are 5 air conditioning units and several driveway entrances. The property size is 5918 square feet, and the lot size is 0.22 acres. The property is located in downtown Sarasota, allowing residents to live and work in the same location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Board of Real ... Real Estate Agency Dennis Kuty Real Estate Agency Legacy Title & Escrow ... Title Company USA Mortgage Loan Service

    Suggested Use

    Dental Office Restaurant Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Pharmacy Law Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.542949
    Latitude
    27.33863

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with condo, residential, and commercial zoning.
    Where is this mixed-use property located?
    The property is located at 227 CENTRAL AVENUE Sarasota, FL.
    What is the asking price?
    The asking price for this property is $2,499,999.
    What are key features of this property?
    This property features: Zoned for condo, residential, and commercial use; No condo or HOA fees; Benefit from 18 on‑site parking spaces
    (941) 228-0077
    We can help!
    Listing Contact
    Dawn Cohen
    Real Estate License ID: 3448110
    Learn More
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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.

    More about this property
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