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    Sarasota Multi-Family Investment Property Title is generated by Realmo AI

    5322 CALLE DE LA SIESTA, Sarasota, FL 34242

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    For Sale
    $4,900,000

    Multi-Family 5+ - SARASOTA, FL

    Property size:
    4,437 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $1,104/SF
    Added:
    Feb 11, 2026
    Days on Market:
    101
    Last Refresh:
    May 23 at 5:06 pm

    Property Features for 5322 CALLE DE LA SIESTA

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RMF1
    Bedrooms
    9
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Pool private
    1
    Interior features
    Built-in Features, Ceiling Fans(s), Thermostat
    Exterior features
    Balcony, Fence, Private Entrance, Storage, Pool
    Fencing
    Fenced
    Standard status
    Active
    APN
    0082120051
    Size
    4,437 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    22056

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Number of units
    7
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jason Skowronski
    Jason Skowronski

    Listing agent Jason Skowronski License #3288062

    Listing office COMPASS FLORIDA LLC 1575 Main Street, FL, FL

    Listing date Feb 11, 2026

    MLS# A4682172 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

    • Permitted nightly rentals, a rare and highly desirable feature.
    • Prime location: just 1 block to both the Village and the beach.
    • Seven units: a mix of studios, 1‑bedroom, 2‑bedroom apartments, and a penthouse suite.
    • Enjoy the pool, covered grill area, and rooftop deck. On‑site laundry for convenience.
    • Seven newly pavered parking spaces.
    • Dedicated owner space: private office/guest check‑in, storage areas, and commercial laundry.

    Overview

    This seven-unit multi-family investment property in Sarasota, Florida, offers a unique opportunity for nightly rentals, operating more like a hotel than a traditional vacation rental. The property features a mix of unit types, including two studios, two one-bedroom units, two two-bedroom units, and a penthouse suite with a wrap-around balcony. The property size is 4437 square feet and the lot size is 0.13 acres. Residents can enjoy a pool area, a covered space with a grill, on-site laundry facilities, and a rooftop deck. The location is one block from both the Village and the beach, allowing guests to walk to nearby attractions. The property includes seven newly pavered parking spaces. For the owner, there is a private office/guest check-in area, two storage areas for linens and housewares, and a commercial laundry for turnovers. The zoning is RMF1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Siesta Sunset Royale ... Vacation Rental SiestaKey.Org Vacation Rental

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Real Estate Agency Building Supply Gym & Fitness Center 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
    -82.561937
    Latitude
    27.272388

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit property near the beach with nightly rental potential.
    Where is this apartment building located?
    The property is located at 5322 CALLE DE LA SIESTA Sarasota, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Permitted nightly rentals, a rare and highly desirable feature.; Prime location: just 1 block to both the Village and the beach.; Seven units: a mix of studios, 1‑bedroom, 2‑bedroom apartments, and a penthouse suite.
    (941) 812-6090
    We can help!
    Listing Contact
    Jason Skowronski
    Jason Skowronski
    Real Estate License ID: 3288062
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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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