Mixed-Use Development in Rosemary
410 N ORANGE Ave 118 Sarasota, FL 34236
For Sale
$450,000
30-unit mixed-use development with retail and residential spaces.
Property Size799 SF
Lot Size1.39 Acres
Price / SF$563.20
Days on Market137
Property Features for 410 N ORANGE Ave 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) 920-1501
Listed By:
Anita Lambert · License #0345242
(941) 920-1501
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 23 at 6:38AM
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 an upcoming 30-unit mixed-use development located in the Rosemary District of Downtown Sarasota. The development includes ten three-story condominium residences, ten retail condominium spaces, and ten three-story townhouses along 4th St. The 799-square-foot retail spaces line the sidewalks of North Orange Ave and are available in three different floor plans. These units are "gray boxes," allowing owners to customize the interior to their specific needs. The developers provide floor, wall, and ceiling systems, electric panels, fire sprinklers, and alarm systems, as well as 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. The new 50-acre Bay Sarasota Park and Sarasota Bay are also a few minutes away.
Key Highlights
- Prime downtown Sarasota location in the Rosemary District, offering high visibility and foot traffic.
- Opportunity to own a retail condominium unit instead of leasing, starting under $400,000.
- New construction (2025) in a rapidly developing area.
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 - 30-unit mixed-use development with retail and residential spaces.
Where is this mixed-use property located?
The property is located at 410 N ORANGE Ave 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 downtown Sarasota location in the Rosemary District, offering high visibility and foot traffic.; Opportunity to own a retail condominium unit instead of leasing, starting under $400,000.; New construction (2025) in a rapidly developing area.
