Downtown Sarasota Retail/Office
430 KUMQUAT COURT #106 Sarasota, FL 34236
For Sale
$352,800
Pending
Prime location retail/office condominium in Sarasota's Rosemary District.
Property Size882 SF
Days on Market1231
Property Features for 430 KUMQUAT COURT #106
General Information
- Standard status
- Pending
- Size
- 882 SF
- Property subtype
- Commercial
Listing Agency:
PREMIER SOTHEBYS INTL REALTY
(941) 364-4000
Listed By:
FRANK LAMBERT · License #0345242
Source:
Corcoran
Added: Mar 11, 2023
Changed: Jul 10
Last Checked: Jul 23 at 9:13AM
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.
Retail and commercial office condominium suites are available for purchase in a prime downtown Sarasota location, offering street-side access within the Villa Ballada, a mixed-use condominium project in the Rosemary District. Designed by local architects, these new construction retail and office spaces feature contemporary styling and masonry walls between suites. The spaces are roughed in and ready for customization, including the installation of individual heating and cooling systems. New concrete floors are prepared for the buyer's desired finish. Monthly fees are $319 per month. Abundant street parking is available on Kumquat Court, 4th Street, Lemon Avenue, and Orange Avenue. The property is located near Citrus Square, Orange Avenue commercial districts, Lemon Avenue, Fruitville Road, Whole Foods, farmers market, restaurants, shopping, and arts and cultural theater districts. The Rosemary District has recently added 1,800 new residents due to new apartment living developments, providing a potential customer base for businesses, art galleries, or retail ventures. The property size is 882 square feet.
Key Highlights
- Prime downtown Sarasota location in the Rosemary District with street‑side access.
- Rare, new construction retail/office spaces designed by award‑winning architects Halflants + Pichette.
- Customizable spaces roughed in and ready for buyer's individual heating/cooling systems and desired flooring finish.
Financial Insights For Retail
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 | $15.9k | $18.00 |
| − Vacancy | −$381 | −$0.43 |
| EGI | $15.5k | $17.57 |
| − OpEx | −$4.6k | −$5.27 |
| NOI | $10.8k | $12.30 |
882 SF · lease $18.00/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$154.9K
$135.6K – $180.8K
NOI $10,846 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.4K
$227.0K – $302.6K
NOI $18,156 @ 7.0% cap · market cap 5.15%
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?
Retail space - Prime location retail/office condominium in Sarasota's Rosemary District.
Where is this retail space located?
The property is located at 430 KUMQUAT COURT #106 Sarasota, FL.
What is the asking price?
The asking price for this property is $352,800.
What are key features of this property?
This property features: Prime downtown Sarasota location in the Rosemary District with street‑side access.; Rare, new construction retail/office spaces designed by award‑winning architects Halflants + Pichette.; Customizable spaces roughed in and ready for buyer's individual heating/cooling systems and desired flooring finish.
