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

    2009-2017 University Parkway Sarasota, FL

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

    1.05-acre parcel with high visibility on University Parkway.

    Type:LAND
    Lot size:
    1.04 Acres
    Added:
    Aug 20, 2024
    Days on Market:
    618
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 2009-2017 University Parkway

    General Information

    Standard status
    Active
    Lot size
    1.04 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Adam J Seidel
    Adam J Seidel

    Listing agent Adam J Seidel License #SL3213728

    Listing office American Property Group

    Listing date Aug 20, 2024

    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 American Property Group

    Overview

    Prime Sarasota Land Parcel

    Located at 2009 University Parkway in Sarasota, Florida, this 1.05-acre land parcel presents a significant opportunity for commercial or industrial development. The property features frontage on University Parkway, a high-traffic corridor with an Average Annual Daily Traffic (AADT) count of 43,000. Its corner location at Alabama and University enhances accessibility. The site is located just off North Washington Boulevard/US-301 and is minutes from I-75. The LM zoning allows for a wide range of commercial and industrial uses, making this parcel a versatile investment opportunity. This parcel offers potential for industrial development or land investment with strong visibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5293
    Latitude
    27.3891

    Nearby Similar for Sale

    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      2,842 SF office/warehouse with mezzanine, ideal for various uses.
      4430 MCASHTON STREET, SARASOTA, FL 34233
      View Details
    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      2,842 SF office/warehouse with mezzanine near I-75.
      4430 MCASHTON STREET, SARASOTA, FL 34233
      View Details
    • $399,000
      1,200 SF

      Sarasota Office Investment Opportunity

      Leased office space near Siesta Key and Gulf Gate.
      2477 STICKNEY POINT ROAD, SARASOTA, FL 34231
      View Details
    • $449,000
      1,350 SF

      Commercial Condo on Bee Ridge

      1,350 SF office/retail condo with excellent visibility and parking.
      4509 BEE RIDGE ROAD, SARASOTA, FL 34233
      View Details
    • $5,900,000
      12,626 SF

      Downtown Sarasota Mixed-Use Redevelopment Opportunity

      Large downtown parcel with redevelopment potential and rare on-site parking.
      1565 STATE STREET, SARASOTA, FL 34236
      View Details
    • $450,000
      9,882 SF

      Profitable Coastal Rental Business Opportunity

      Turnkey coastal rental business with immediate cash flow and growth potential.
      2239 15TH STREET, SARASOTA, FL 34237
      View Details
    • $440,000
      1,485 SF

      Corner Office Unit For Sale

      Corner office unit suitable for various commercial uses.
      8245 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $480,000
      2,250 SF

      Industrial Condo with Full Air Conditioning

      2,250 sq ft corner unit with office and warehouse.
      6612 26TH COURT E, SARASOTA, FL 34243
      View Details
    • $440,000
      1,485 SF

      Corner Office Unit in Sarasota

      Air-conditioned office unit suitable for various commercial uses.
      8245 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $675,000
      1,605 SF

      Sarasota Duplex: Investment Opportunity

      Sarasota duplex ideal for short-term rental or personal retreat.
      4925 REMINGTON DRIVE, SARASOTA, FL 34234
      View Details
    • $1,050,000

      Sarasota Land Investment Opportunity

      Prime land near I-75 & Lakewood Ranch. Development potential.
      2190 LAKEWOOD RANCH BOULEVARD, SARASOTA, FL 34240
      View Details
    • $975,000

      One Acre Development Opportunity

      One acre in Sarasota with development potential and rural lifestyle.
      6480 RICHARDSON ROAD, SARASOTA, FL 34240
      View Details

    FAQs

    What type of property is this?
    Land - 1.05-acre parcel with high visibility on University Parkway.
    Where is this land located?
    The property is located at 2009-2017 University Parkway Sarasota, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 1.05‑acre parcel with prominent frontage on University Parkway.; High‑traffic location with 43,000 AADT.; Corner location at Alabama and University enhances accessibility.
    (941) 544-0770 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam J Seidel
    Adam J Seidel
    Real Estate License ID: SL3213728
    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!