Single-Family Home with Business
4010 N LOCKWOOD RIDGE ROAD, Sarasota, FL 34234
Single-family home rebuilt in 2004 with potential for business use.
Property size:
1,272 SFPrice / SF:
$284/SF- Added:
- Apr 25, 2025
- Days on Market:
- 402
- 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
Listing agent EKATERINA BROSDA
Listing office BROSDA & BENTLEY REALTORS, LLC
Listing date Apr 25, 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.
- Complete rebuild in 2004.
- Single‑family home without any restrictions.
Overview
This single-family home, originally built in 1950 and completely rebuilt in 2004, offers 1,142 square feet of living space. The property features 2 bedrooms and 2 bathrooms. The residence has an open floor plan, suitable for residential or business purposes. It includes a private mother-in-law suite and two separate entrances, making it ideal 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
- 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.
| 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
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
AllStar Music Academy ...
Tutoring Service
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5054
- Latitude
- 27.3693
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Single-family home rebuilt in 2004 with 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.
