Mixed-Use Property with
New
For Sale
$3,985,000
2160 Gulf Gate Drive, Sarasota, FL 34231
Concrete construction, commercial frontage, and a finished residential component combine in a flexible two-story property.
Property Size10,273 SF
Price / SF$387.91
Days on Market5
Property Features for 2160 Gulf Gate Drive
General Information
Standard status
Active
Size
10,273 SF
Zoning
CG
Taxes and HOA fees
Annual Taxes
$19,176
Amenities
Concrete,Tile
true
2
Display Window(s),Shades
Public Records
Central Business District
Public
15300
0.35
false
Deeded,Public Parking
Asphalt,Paved
Concrete Perimeter
Alley,Business District,City Street
10273
1
Public Maintained Road
Building Details
Building Size
10,273 SF
Year Built
1970
Stories
2
Listing Agency:
Atlanta Communities Real Estate Brokerage, LLC
(770) 547-4466
Listed By:
Sean Anderson
(770) 240-2001
Source:
Homeatlantapartners
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 3:10PM
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 Atlanta Communities Real Estate Brokerage, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,273-SF mixed-use property combines commercial space with a second-story apartment of nearly 2000sf. The apartment includes 2 bedrooms, 1 full bathroom, 1 half bathroom, a kitchen with quartz countertops and stainless-steel appliances, and a dedicated laundry room. Portions of the commercial interior have two-story ceilings; the building also has multiple access doors and a generator. Concrete construction and Flood Zone X are additional property features.
The property has approximately 85 feet of frontage on Gulf Gate Drive in Sarasota. It is near the crossroads of US 41 (Tamiami Trail) and CR72 (Clark Road), within the Gulf Gate commercial district. Zoning is CG.
The property has approximately 85 feet of frontage on Gulf Gate Drive in Sarasota. It is near the crossroads of US 41 (Tamiami Trail) and CR72 (Clark Road), within the Gulf Gate commercial district. Zoning is CG.
Key Highlights
- 10,273 SF of commercial space
- Second‑story apartment of nearly 2000sf with 2 bedrooms, 1 full and 1 half bathrooms
- Approximately 85 feet of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,988
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,659,760
$3.7M
Cap Rate 7%
$2,614,114
$2.6M
Cap Rate 9%
$2,033,200
$2.0M
Market Conditions
NOI Build-Up for 10,273 SF
Gross rent
$308.2K $30.00/SF
− Vacancy
−$15.4K −$1.50/SF
EGI
$292.8K $28.50/SF
− OpEx
−$109.8K −$10.69/SF
NOI
$183.0K $17.81/SF
Area
Sarasota County, FL
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,659,760
Cap Rate 7%
$2,614,114
Cap Rate 9%
$2,033,200
Alternative Uses
Best Use
Mixed Use
$2.61M
$2.29M – $3.05M
NOI $182,988 @ 7.0% cap · market cap 4.59%
Second Best
Retail
$2.29M
$2.01M – $2.68M
NOI $160,505 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$2.92M
$2.55M – $3.41M
NOI $204,377 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Concrete construction, commercial frontage, and a finished residential component combine in a flexible two-story property.
Where is this mixed-use property located?
The property is located at 2160 Gulf Gate Drive Sarasota, FL.
What is the asking price?
The asking price for this property is $3,985,000.
What are key features of this property?
This property features: 10,273 SF of commercial space; Second‑story apartment of nearly 2000sf with 2 bedrooms, 1 full and 1 half bathrooms; Approximately 85 feet of frontage
