Residential Income
For Sale
$174,900
102-2920 Clark Rd, Sarasota, FL 34231
Residents have access to a community pool, courtyard, and shared laundry facilities.
Property Size757 SF
Price / SF$231.04
Days on Market12
Property Features for 102-2920 Clark Rd
General Information
Standard status
Active
Size
757 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,702
Amenities
community swimming pool
courtyard
shared laundry facilities
Listing Agency:
RE/MAX HARBOR REALTY
(941) 639-8500
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Source:
Exprealty
Added: Oct 1
Changed: Oct 11
Last Checked: Oct 11 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX HARBOR REALTY
Investment Insights
Based on property information with market context.
Unit 102 is part of a residential income property with shared access to a swimming pool, courtyard, and laundry facilities. The building’s roof was replaced in 2022. Units 101, 102, and 204 in the same building are also being offered together by the owner.
Siesta Key Beach is less than 3 miles away, and Sarasota-Bradenton International Airport is approximately 10 miles from the property. Nearby services and destinations include Detwiler’s Farm Market, Publix, shopping, and restaurants.
Siesta Key Beach is less than 3 miles away, and Sarasota-Bradenton International Airport is approximately 10 miles from the property. Nearby services and destinations include Detwiler’s Farm Market, Publix, shopping, and restaurants.
Key Highlights
- Community swimming pool and courtyard
- Shared laundry facilities
- Building roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,894
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,880
$137.9K
Cap Rate 7%
$98,486
$98.5K
Cap Rate 9%
$76,600
$76.6K
Market Conditions
NOI Build-Up for 757 SF
Gross rent
$14.0K $18.48/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$12.5K $16.56/SF
− OpEx
−$5.6K −$7.45/SF
NOI
$6.9K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,880
Cap Rate 7%
$98,486
Cap Rate 9%
$76,600
Alternative Uses
Best Use
Apartment 5plus
$98.5K
$86.2K – $114.9K
NOI $6,894 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$215.1K
$188.3K – $251.0K
NOI $15,060 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a community pool, courtyard, and shared laundry facilities.
Where is this residential income property located?
The property is located at 102-2920 Clark Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Community swimming pool and courtyard; Shared laundry facilities; Building roof replaced in 2022
