Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ritz Carlton Dr 1111 Sarasota, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a vibrant downtown Sarasota location.

    Type:RETAIL
    Property size:
    804 SF
    Lot size:
    7.53 Acres
    Added:
    Nov 4, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for Ritz Carlton Dr 1111

    General Information

    Standard status
    Active
    Size
    804 SF
    Lot size
    7.53 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at Ritz Carlton Dr 1111 Contact us

    We can help!

    Listing Contact
    David J Neff

    Listing agent David J Neff License #BK3224740

    Listing office Coldwell Banker Realty | Sarasota Downtown

    Listing date Nov 4, 2025

    Source Moodyscre

    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 Coldwell Banker Realty | Sarasota Downtown

    Overview

    Downtown Sarasota Retail Space

    Located in downtown Sarasota, this 804-square-foot retail space is situated in an area known for its blend of business, culture, and recreation. The location offers convenient access to the Marie Selby Botanical Gardens, Historic Burns Square, and The Ritz-Carlton. The surrounding area features art galleries, museums, and theater venues, as well as dining, retail, and entertainment options. Lido Key, Longboat Key and Siesta Key Beaches are also nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Car Donation Sarasota ... Charitable Organization Michael Saunders & Company Real Estate Agency FedEx Drop Box Postal Service The Ritz-Carlton Residences Sarasota ... Real Estate Agency ATM Atm

    Suggested Use

    Restaurant Dental Office Law Firm Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5494
    Latitude
    27.3377

    Nearby Similar for Lease

    • $7,800/Mo

      Professional Office Space For Lease

      Private office in professional suite near Downtown Sarasota available for lease.
      2831 Ringling Boulevard, Sarasota, FL 34237
      View Details
    • $2,400/Mo

      Charming Sarasota Office/Retail Bungalow

      Unique, renovated bungalow suitable for office, retail, or personal services.
      1724 4TH STREET, SARASOTA, FL 34236
      View Details
    • $3,600/Mo

      Renovated Sarasota Flex Space

      Recently renovated flex space with parking in Sarasota, Florida.
      2135 12 STREET, SARASOTA, FL 34237
      View Details
    • $2,000/Mo

      Sarasota Office Space Available

      Office space for rent in Sarasota with flexible options.
      2063 MAIN STREET, SARASOTA, FL 34237
      View Details
    • $2,395/Mo

      Sarasota Warehouse Space For Lease

      Prime Sarasota warehouse space with restroom and convenient location.
      8235 BLAIKIE COURT, SARASOTA, FL 34240
      View Details
    • $31,200 SF/Yr

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen, Sarasota, FL 34232
      View Details
    • $3,000/Mo

      Retail Space in Golf Gate

      Standalone building in Sarasota's Golf Gate with high visibility.
      6455 GATEWAY AVENUE, SARASOTA, FL 34231
      View Details
    • $20 SF/Yr

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S BENEVA ROAD, SARASOTA, FL 34238
      View Details
    • $1,250/Mo

      Downtown Sarasota Executive Office Suites

      Newly renovated office suites in downtown Sarasota with included utilities.
      2155 Main St, Sarasota, FL 34237
      View Details
    • $19 SF/Yr

      Versatile Office/Warehouse Flex Space

      3,281 SF office/warehouse near SRQ/Bradenton Airport, suitable for various uses.
      7525 Pennsylvania Avenue, Sarasota, FL 34243
      View Details
    • $19 SF/Yr

      Versatile Office/Warehouse Flex Space

      3,281 SF office/warehouse near SRQ/Bradenton Airport.
      7525 Pennsylvania Avenue, Sarasota, FL 34243
      View Details
    • $37 SF/Yr

      Modern Medical Building Near Hospital

      13,200 SF medical building with surgery center and office.
      2089 Hawthorne Street, Sarasota, FL 34239
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a vibrant downtown Sarasota location.
    Where is this retail space located?
    The property is located at Ritz Carlton Dr 1111 Sarasota, FL.
    What is the lease rate?
    The lease rate is $67 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown Sarasota location offering a dynamic blend of business, culture, and recreation.; Walkable to key attractions like Marie Selby Botanical Gardens and Historic Burns Square.; Enjoy upscale dining and entertainment with proximity to The Ritz‑Carlton and numerous options.
    (941) 448-1500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David J Neff
    Real Estate License ID: BK3224740
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!