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For sale
Single family properties
FL
Sarasota
34234
4010 N LOCKWOOD RIDGE ROAD

Single-Family Home with Business Potential

4010 N LOCKWOOD RIDGE ROAD, Sarasota, FL 34234

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For Sale

$361,800

Remodeled home with flexible zoning and potential for business use.

Property size:

1,272 SF

Price / SF:

$284/SF

HighLights

Prime location with potential for rezoning to Office Professional Institutional (OPI).
Flexible open floor plan suitable for residential or business use.
Private mother‑in‑law suite with separate entrance.
Two separate entrances enhance suitability for multi‑generational living or live‑work arrangements.
Completely rebuilt in 2004.
Motivated seller.

We can help!

Listing Contact

EKATERINA BROSDA

For Sale

$361,800

Remodeled home with flexible zoning and potential for business use.

Property size:

1,272 SF

Price / SF:

$284/SF

Added:: Apr 26, 2025
Days on Market:: 422
Last Refresh:: Mar 16 at 9:09 am

Property Features for 4010 N LOCKWOOD RIDGE ROAD

General Information

Standard status: Active
Size: 1,272 SF

Building Details

Year Built: 1950

We can help!

Listing Contact

EKATERINA BROSDA

Listing agent EKATERINA BROSDA

Listing office BROSDA & BENTLEY REALTORS, LLC

Listing date Apr 26, 2025

Source Corcoran

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 BROSDA & BENTLEY REALTORS, LLC

HighLights

Prime location with potential for rezoning to Office Professional Institutional (OPI).
Flexible open floor plan suitable for residential or business use.
Private mother‑in‑law suite with separate entrance.
Two separate entrances enhance suitability for multi‑generational living or live‑work arrangements.
Completely rebuilt in 2004.
Motivated seller.

Overview

This single-family home, originally built in 1950 and completely rebuilt in 2004, offers 1,142 square feet of living space, featuring 2 bedrooms and 2 bathrooms. The property boasts an open floor plan, providing flexibility for residential or business use. It includes a private mother-in-law suite and two separate entrances, making it suitable for multi-generational living or live-work arrangements. The property has potential for rezoning to Office Professional Institutional (OPI), presenting opportunities for investors or entrepreneurs. Given its strategic location and flexible zoning possibilities, this property holds significant potential for various uses.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.2k	$30.00
− Vacancy	−$2.5k	−$1.95
EGI	$35.7k	$28.05
− OpEx	−$13.4k	−$10.52
NOI	$22.3k	$17.53

1,272 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$318.6K

$278.8K – $371.7K (±1% cap)

NOI $22,300 @ 7.0% cap · market cap 6.16%

Second Best

Apartment 5plus

$219.9K

$192.4K – $256.5K (±1% cap)

NOI $15,391 @ 7.0% cap · market cap 4.25%

Theoretical Best

Office A

$374.1K

$327.3K – $436.4K (±1% cap)

NOI $26,184 @ 7.0% cap · market cap 7.24%

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

Property Profile Location Intelligence

Current Use by Public Records

AllStar Music Academy ... Tutoring Service

Suggested Use

Location Insight

Map
Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.5054
Latitude: 27.3693

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For sale
Single family properties
FL
Sarasota
34234
4010 N LOCKWOOD RIDGE ROAD

What type of property is this?

Single family property - Remodeled home with flexible zoning and potential for business use.

Where is this single family property located?

The property is located at 4010 N LOCKWOOD RIDGE ROAD Sarasota, FL.

What is the asking price?

The asking price for this property is $361,800.

What are key features of this property?

This property features: Prime location with potential for rezoning to Office Professional Institutional (OPI).; Flexible open floor plan suitable for residential or business use.; Private mother‑in‑law suite with separate entrance.