Retail/Office Condominium
For Sale
$352,800
106-430 Kumquat Ct, Sarasota, FL 34236
Pre-construction retail/office condo suites with street-side access and heating/cooling systems ready for customization.
Property Size882 SF
Price / SF$400
Days on Market1585
Property Features for 106-430 Kumquat Ct
General Information
Standard status
Active
Size
882 SF
Taxes and HOA fees
Annual Taxes
$3,500
Listing Agency:
PREMIER SOTHEBYS INTL REALTY
(941) 364-4000
Listed By:
Frank Lambert · License #0345242
(941) 920-1500
Source:
Exprealty
Added: Jun 29, 2022
Changed: Oct 28
Last Checked: Oct 28 at 12:29PM
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 PREMIER SOTHEBYS INTL REALTY
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Investment Insights
Based on property information with market context.
Pre-construction condominium suites are planned for retail and commercial office use beneath a residential component. The project includes three professional retail spaces with masonry walls between suites, and each unit is offered roughed in and ready to receive the buyer’s optional individual heating and cooling systems. New concrete floors are also in place and ready for the buyer’s desired finishes, allowing the interior buildout to align with the tenant or owner’s needs.
The property is located in downtown Sarasota within the Rosemary District, with street-side access. Parking is available on Kumquat Court, 4th Street, Lemon Avenue, and Orange Avenue. The remarks also reference nearby activity tied to Citrus Square and the Orange Avenue commercial district, along with access toward Whole Foods and the area’s dining, shopping, and arts and cultural theater offerings.
For buyers and tenants seeking ownership or occupancy in a purpose-built mixed-use condominium setting, these suites provide a straightforward path to customize the space after delivery, including individual climate control. Low monthly fees are cited in the offering materials at $319 per month, and the street-access configuration supports retail and service-style businesses that benefit from convenient public entry.
The property is located in downtown Sarasota within the Rosemary District, with street-side access. Parking is available on Kumquat Court, 4th Street, Lemon Avenue, and Orange Avenue. The remarks also reference nearby activity tied to Citrus Square and the Orange Avenue commercial district, along with access toward Whole Foods and the area’s dining, shopping, and arts and cultural theater offerings.
For buyers and tenants seeking ownership or occupancy in a purpose-built mixed-use condominium setting, these suites provide a straightforward path to customize the space after delivery, including individual climate control. Low monthly fees are cited in the offering materials at $319 per month, and the street-access configuration supports retail and service-style businesses that benefit from convenient public entry.
Key Highlights
- Pre‑construction retail/commercial office condo suites in downtown Sarasota’s Rosemary District with street‑side access
- Three professional retail spaces below 22 residences in the Villa Ballada mixed‑use condominium project
- Spaces are roughed in and ready for optional individual heating and cooling systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,780
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,600
$275.6K
Cap Rate 7%
$196,857
$196.9K
Cap Rate 9%
$153,111
$153.1K
Market Conditions
NOI Build-Up for 882 SF
Gross rent
$21.2K $24.00/SF
− Vacancy
−$1.5K −$1.68/SF
EGI
$19.7K $22.32/SF
− OpEx
−$5.9K −$6.70/SF
NOI
$13.8K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,600
Cap Rate 7%
$196,857
Cap Rate 9%
$153,111
Alternative Uses
Best Use
Retail
$196.9K
$172.3K – $229.7K
NOI $13,780 @ 7.0% cap · market cap 3.91%
Second Best
Office B
$183.7K
$160.8K – $214.3K
NOI $12,860 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$250.7K
$219.3K – $292.5K
NOI $17,547 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6,274
Businesses Nearby
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Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Pre-construction retail/office condo suites with street-side access and heating/cooling systems ready for customization.
Where is this retail space located?
The property is located at 106-430 Kumquat Ct 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: Pre‑construction retail/commercial office condo suites in downtown Sarasota’s Rosemary District with street‑side access; Three professional retail spaces below 22 residences in the Villa Ballada mixed‑use condominium project; Spaces are roughed in and ready for optional individual heating and cooling systems
