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    Downtown Sarasota Retail/Office Condominium Title is generated by Realmo AI

    430 KUMQUAT COURT, Sarasota, FL 34236

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    Pending
    $352,800

    Business - SARASOTA, FL

    Type:Business
    Property size:
    882 SF
    Added:
    Jun 27, 2022
    Days on Market:
    1418
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 430 KUMQUAT COURT

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Property condition
    New Construction
    Zoning
    DTE
    Security features
    Fire Alarm, Fire Sprinkler System
    Pets allowed
    Number Limit, Yes
    Exterior features
    Paved
    Standard status
    Pending
    APN
    2026110093-106
    Size
    882 SF

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    3500

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Number of units
    22
    Flooring type
    Concrete
    Building materials
    Block, Concrete, Stucco
    Roof type
    Built-Up, Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Lambert
    Frank Lambert

    Listing agent Frank Lambert License #0345242

    Listing office PREMIER SOTHEBYS INTL REALTY 50 Central Ave Suite 110, Naples, FL

    Listing date Jun 27, 2022

    MLS# A4540543 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.

    HighLights

    • Prime downtown Sarasota location in the Rosemary District with street‑side access.
    • New construction retail/commercial condominium suites ready to be customized.
    • Designed by award‑winning Rosemary District architects, Halflants + Pichette, with contemporary styling and masonry walls.
    • Located near Citrus Square, Orange Avenue commercial districts, Whole Foods, farmers market, restaurants, shopping, and arts/cultural districts.
    • Abundant street parking available.
    • Low monthly fees of $319/month.

    Overview

    These retail and commercial office condominium suites are pre-construction spaces located in a prime downtown Sarasota location with street-side access. Part of Villa Ballada, a mixed-use condominium project, these spaces are situated below 22 residences in the Rosemary District. Designed by Halflants + Pichette, these new construction retail and office spaces feature contemporary styling and masonry walls between suites. The spaces are roughed in and ready to be customized, with new concrete floors prepared for the buyer's desired finish. Optional individual heating and cooling systems can be installed. Monthly fees are $319 per month. Street parking is available on Kumquat Court, 4th Street, Lemon Avenue, and Orange Avenue. The property is near Citrus Square, Orange Avenue commercial districts, Lemon Avenue, Fruitville Road, Whole Foods, farmers market, restaurants, shopping, and arts and cultural theater districts. The Rosemary District has seen the addition of 1,800 new residents. The property is intended for business, art gallery, or retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Law Firm Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.539415
    Latitude
    27.340182

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    FAQs

    What type of property is this?
    Retail space - New construction retail/office space in Sarasota's Rosemary District.
    Where is this retail space located?
    The property is located at 430 KUMQUAT COURT Sarasota, FL.
    What is the asking price?
    The asking price for this property is $352,800.
    What are key features of this property?
    This property features: Prime downtown Sarasota location in the Rosemary District with street‑side access.; New construction retail/commercial condominium suites ready to be customized.; Designed by award‑winning Rosemary District architects, Halflants + Pichette, with contemporary styling and masonry walls.
    (941) 920-1500
    We can help!
    Listing Contact
    Frank Lambert
    Frank Lambert
    Real Estate License ID: 0345242
    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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