3700 BENEVA ROAD Sarasota, FL 34232
Multi-Family 5+ - SARASOTA, FL
Property Features for 3700 BENEVA ROAD
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Corner Lot
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 0059160025
- Size
- 13,428 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 33152.87
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Tracy Srodes License #3487593 (941) 782-0000
Listing office FINE PROPERTIES 5220 Paylor Lane, SARASOTA, FL (941) 782-0000
Listing date Jan 8, 2026
Copyright © 2026 Sarasota Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Roof replacement underway, to be completed before closing.
- Free standing building with no HOA.
- 13 total units: 2‑bedroom/2‑bathroom and 2‑bedroom/2.5‑bathroom townhomes.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $312.6k | $23.28 |
| − Vacancy | −$17.2k | −$1.28 |
| EGI | $295.4k | $22.00 |
| − OpEx | −$132.9k | −$9.90 |
| NOI | $162.5k | $12.10 |
