Single-Family Home with Business
For Sale
$361,800
4010 N LOCKWOOD RIDGE ROAD, Sarasota, FL 34234
Remodeled home with flexible zoning and potential for business use.
Property Size1,272 SF
Price / SF$284.43
Days on Market468
Property Features for 4010 N LOCKWOOD RIDGE ROAD
General Information
Standard status
Active
Size
1,272 SF
Taxes and HOA fees
Annual Taxes
$1,098
Building Details
Year Built
1950
Listing Agency:
BROSDA & BENTLEY REALTORS, LLC
Listed By:
EKATERINA BROSDA
Source:
Corcoran
Added: Apr 26, 2025
Changed: Mar 16
Last Checked: Jul 31 at 4:56PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,000
$446.0K
Cap Rate 7%
$318,571
$318.6K
Cap Rate 9%
$247,778
$247.8K
Market Conditions
NOI Build-Up for 1,272 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.2K $30.00/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$35.7K $28.05/SF
− OpEx
−$13.4K −$10.52/SF
NOI
$22.3K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,000
Cap Rate 7%
$318,571
Cap Rate 9%
$247,778
Alternative Uses
Best Use
Mixed Use
$318.6K
$278.8K – $371.7K
NOI $22,300 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$219.9K
$192.4K – $256.5K
NOI $15,391 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
