Fully Rented Strip
For Sale
$2,100,000
Pending
2781 Bee Ridge Road SARASOTA, Sarasota, FL 34239
Fully rented strip mall on Bee Ridge Road with newly installed roof and ample parking.
Property Size7,808 SF
Days on Market41
Property Features for 2781 Bee Ridge Road SARASOTA
General Information
Standard status
Pending
Size
7,808 SF
Zoning
CG
Occupancy
100%
Site & Location
Traffic Count
30,500 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$15,686
Amenities
Concrete,Laminate,Tile
true
Aluminum Frames,Tinted Windows
Public Records
Curb and Gutters,Sidewalk,Street Lights
Public
22600
0.52
1
false
Common,Ground Level,Lighted
Paved
Concrete Perimeter,Slab
Street Lights,Street Paved,Main Throrughfare
7808
Public Maintained Road
4
5
Building Details
Building Size
7,808 SF
Year Built
1966
Buildings
1
Tenancy
Multi
Listing Agency:
(904) 569-5862
Listed By:
Tory Atkins
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 5
Changed: Aug 14
Last Checked: Aug 14 at 3:40AM
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 Tory Atkins
Investment Insights
Based on property information with market context.
This fully rented strip mall offers a maintained, cohesive retail property with plenty of parking and an updated roof installed in February 2026. The asset is presented as Wonderfully Maintained and includes no HOA or condo fees.
Located at the entrance of Tuttle Bee Plaza on Bee Ridge Road in Sarasota, Florida, the property sits within a dense residential area. It is described as minutes away from U.S. 41 (Tamiami Trail), World Renowned Siesta Key Beach, and Interstate I-75. Reported daily traffic counts include approximately 30,500 on Bee Ridge and approximately 25,500 on Tuttle Ave.
As an existing, leased strip center, the property provides stabilized occupancy through its current tenant base.
Located at the entrance of Tuttle Bee Plaza on Bee Ridge Road in Sarasota, Florida, the property sits within a dense residential area. It is described as minutes away from U.S. 41 (Tamiami Trail), World Renowned Siesta Key Beach, and Interstate I-75. Reported daily traffic counts include approximately 30,500 on Bee Ridge and approximately 25,500 on Tuttle Ave.
As an existing, leased strip center, the property provides stabilized occupancy through its current tenant base.
Key Highlights
- Fully rented strip mall on Bee Ridge Rd in Sarasota, FL (Frankies Plaza).
- 1 building with 7,808 total building area on a 0.52‑acre lot (22,600 SF).
- New roof listed as February 2026.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,340
$1.6M
Cap Rate 7%
$1,157,386
$1.2M
Cap Rate 9%
$900,189
$900.2K
Market Conditions
NOI Build-Up for 6,588 SF
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.
Gross rent
$118.6K $18.00/SF
− Vacancy
−$2.8K −$0.43/SF
EGI
$115.7K $17.57/SF
− OpEx
−$34.7K −$5.27/SF
NOI
$81.0K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,340
Cap Rate 7%
$1,157,386
Cap Rate 9%
$900,189
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $81,017 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,613 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30,500 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,114
Businesses Nearby
155k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 36%
Groceries 22%
Shops & Services 17%
Office Supplies 13%
T.J. Maxx
Apparel
37,508 visits/mo
0.4 miles
Aldi
Groceries
23,590 visits/mo
0.5 miles
OfficeMax
Office Supplies
20,292 visits/mo
0.4 miles
Macy's
Apparel
17,905 visits/mo
0.5 miles
Dollar Tree
Shops & Services
13,713 visits/mo
0.4 miles
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully rented strip mall on Bee Ridge Road with newly installed roof and ample parking.
Where is this shopping center located?
The property is located at 2781 Bee Ridge Road SARASOTA Sarasota, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully rented strip mall on Bee Ridge Rd in Sarasota, FL (Frankies Plaza).; 1 building with 7,808 total building area on a 0.52‑acre lot (22,600 SF).; New roof listed as February 2026.
