Mixed-Use Development Retail
410 N ORANGE AVENUE #118 Sarasota, FL 34236
For Sale
$450,000
799 SF retail spaces in downtown Sarasota's Rosemary District.
Property Size799 SF
Lot Size1.39 Acres
Price / SF$563.20
Days on Market861
Property Features for 410 N ORANGE AVENUE #118
General Information
- Standard status
- Active
- Size
- 799 SF
- Lot size
- 1.39 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency:
PREMIER SOTHEBYS INTL REALTY
(941) 364-4000
Listed By:
FRANK LAMBERT · License #0345242
Source:
Corcoran
Added: Mar 16, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:18AM
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 PREMIER SOTHEBYS INTL REALTY
Investment Insights
Based on property information with market context.
Orange One is a 30-unit mixed-use development located in the Rosemary District of Downtown Sarasota. The property includes ten three-story condominium residences, ten retail condominium spaces, and ten three-story townhouses along 4th St. The available retail spaces are 799 square feet. The units are gray boxes, allowing owners to customize the space to their specific needs. The developers provide floor, wall, and ceiling systems, electric panels, fire sprinklers, alarm systems, and rough-in half-baths in each unit. The HOA maintains all exterior glass and door systems. The Rosemary district location offers access to 65 restaurants within five blocks, art galleries, theaters, a farmers market, the John Ringling Bridge, and Lido Beach. Downtown shopping, culinary options, and the Sarasota art scene are nearby. Sarasota Bay and the new 50-acre Bay Sarasota Park are also a short distance away.
Key Highlights
- Prime location in the Rosemary District, a rapidly developing downtown Sarasota area.
- Opportunity to own a retail condominium unit instead of leasing.
- Proximity to numerous restaurants, art galleries, theaters, and other downtown attractions.
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 | $24.0k | $30.00 |
| − Vacancy | −$1.6k | −$1.95 |
| EGI | $22.4k | $28.05 |
| − OpEx | −$8.4k | −$10.52 |
| NOI | $14.0k | $17.53 |
799 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$200.1K
$175.1K – $233.5K
NOI $14,007 @ 7.0% cap · market cap 3.11%
Second Best
Retail
$140.4K
$122.8K – $163.8K
NOI $9,826 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$235.0K
$205.6K – $274.1K
NOI $16,447 @ 7.0% cap · market cap 3.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - 799 SF retail spaces in downtown Sarasota's Rosemary District.
Where is this mixed-use property located?
The property is located at 410 N ORANGE AVENUE #118 Sarasota, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location in the Rosemary District, a rapidly developing downtown Sarasota area.; Opportunity to own a retail condominium unit instead of leasing.; Proximity to numerous restaurants, art galleries, theaters, and other downtown attractions.
