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    The Largest CRE Database in the US with Over 1 Million Listings

    2048 Bee Ridge Road Ext Sarasota, FL 34239

    Sponsored
    For Sale
    $2,495,000

    Prime Sarasota Location, High Visibility, Investment Opportunity

    Property size:
    9,719 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    363
    This exceptional mixed-use property at 2048 Bee Ridge Road, Sarasota, FL, presents a unique investment opportunity. The main building, constructed in 1977, boasts 9,719 square feet across two stories, offering a versatile layout ideal for a variety of commercial uses. The building features high ceilings and an open floor plan with dedicated workspace in the rear, complemented by a second-story apartment with two to three bedrooms. Situated on a 0.37-acre lot, the property is zoned CGD (Commercial General District), allowing for considerable flexibility in its future development. The property also includes a separate single-family home, built in 1954 and renovated in 2004, offering 1,239 gross square feet (775 net square feet) on a 7,000 square foot lot at 3911 Freedom Avenue. This home provides additional income potential or could be used for staff housing. The main commercial building has 8,480 square feet gross and 7,616 square feet net. Bee Ridge Road's high traffic volume (25,550 AADT) ensures excellent visibility and accessibility, further enhanced by its proximity to Siesta Key's renowned beaches. This property offers significant potential for a savvy investor seeking a high-traffic location with adaptable space and multiple income streams. The combination of commercial and residential components provides a unique and lucrative investment opportunity in a desirable Sarasota location.

    Property Features for 2048 Bee Ridge Road Ext

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,719 SF
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Leslye Seidel

    Learn more

    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Dental Office Auto Repair Shop Bar & Pub Daycare Center Computer & Electronic Repair Tech Support Center Veterinary Clinic Pet Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5285
    Latitude
    27.29859

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Sarasota Location, High Visibility, Investment Opportunity
    Where is this mixed-use property located?
    The property is located at 2048 Bee Ridge Road Ext Sarasota, FL.
    What is the asking price?
    The asking price for this property is $2,495,000.
    (941) 923-0535
    Request Owner's contact information
    2048 Bee Ridge Road Ext Sarasota, FL 34239
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    Sarasota, FL 34239
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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
    2048 Bee Ridge Road Ext Sarasota, FL 34239
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    We can help!
    Listing Contact
    Leslye Seidel
    (941) 923-0535
    Learn more
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