Restaurant Building with Rear
For Sale
$699,000
5666 SWIFT Road, Sarasota, FL 34231
Commercial Sale, SARASOTA, FL
Property Size2,217 SF
Lot Size0.14 Acres
Price / SF$315.29
Days on Market121
Property Features for 5666 SWIFT Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CI
Window features
Aluminum Frames
Appliances
Refrigerator
Lot features
Central Business District
Directions
Take Stickney Point Rd East of US 41 Tamiami Trail to Swift Rd turn left, building will be on your left.
Subdivision
34231 - Sarasota/Gulf Gate Branch
Standard status
Active
APN
0086090002
Size
2,217 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM SE COR SEC 8 TH N-0-06-56-E 520.64 FT TH N-89-36-57-W 40 FT TO W R/W OF SWIFT RD TH N-0-06- 56-E 64.82 FT FOR POB TH S-89-58 -59-W 185 FT TH N-0-06-56-E 34 FT TH N-89-58-59-E 185 FT TH S-0
Tax Annual Amount
4931
Legal Description
COM SE COR SEC 8 TH N-0-06-56-E 520.64 FT TH N-89-36-57-W 40 FT TO W R/W OF SWIFT RD TH N-0-06- 56-E 64.82 FT FOR POB TH S-89-58 -59-W 185 FT TH N-0-06-56-E 34 FT TH N-89-58-59-E 185 FT TH S-0
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Flooring type
Concrete, Carpet, Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Erick Shumway · License #3252868
(941) 544-3718
Added: May 7
Changed: Sep 2
Last Checked: Sep 4 at 2:06PM
MLS# A4692934
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.
Investment Insights
Based on property information with market context.
This 2,217-square-foot restaurant property occupies 0.14 acres within a strip center on the west side of Swift Road. The building was constructed in 1970 with block construction, a concrete roof, and a mix of ceramic tile, concrete, and carpet flooring. Existing restaurant infrastructure includes a grease trap, range hood, and refrigerator.
Rear access is provided through a back alley. The property has public water and public sewer service, and its CI zoning supports the existing restaurant use. The restaurant has operated at the property for over 56 years, according to the available property information.
Rear access is provided through a back alley. The property has public water and public sewer service, and its CI zoning supports the existing restaurant use. The restaurant has operated at the property for over 56 years, according to the available property information.
Key Highlights
- 2,217‑square‑foot restaurant building on 0.14 acres
- CI zoning supports the existing restaurant use
- Back alley provides rear access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,211
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,220
$584.2K
Cap Rate 7%
$417,300
$417.3K
Cap Rate 9%
$324,567
$324.6K
Market Conditions
NOI Build-Up for 2,217 SF
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.
Gross rent
$39.9K $18.00/SF
− Vacancy
−$958 −$0.43/SF
EGI
$38.9K $17.57/SF
− OpEx
−$9.7K −$4.39/SF
NOI
$29.2K $13.18/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,220
Cap Rate 7%
$417,300
Cap Rate 9%
$324,567
Alternative Uses
Best Use
Specialty Retail
$417.3K
$365.1K – $486.9K
NOI $29,211 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.0K
$570.5K – $760.6K
NOI $45,637 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 65%
Shops & Services 29%
Dining 6%
DG Ace Hardware
Home Improvements & Furnishings
10,587 visits/mo
0.1 miles
Dollar General
Shops & Services
4,362 visits/mo
0.1 miles
Donatos Pizza
Dining
990 visits/mo
0.2 miles
AAMCO Transmissions
Shops & Services
345 visits/mo
0.2 miles
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space in a strip center with CI zoning, a grease trap, and range hood.
Where is this conventional restaurant located?
The property is located at 5666 SWIFT Road Sarasota, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,217‑square‑foot restaurant building on 0.14 acres; CI zoning supports the existing restaurant use; Back alley provides rear access
