Powersports Dealership
New
For Sale
$4,132,000
2530 17TH ST, Sarasota, FL 34234
The sale combines the real estate with the dealership business.
Property Size28,062 SF
Price / SF$167.97
Days on Market4
Property Features for 2530 17TH ST
General Information
Standard status
Active
Size
28,062 SF
Property subtype
Retail
Financials
Asking Price
$4,132,000
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$43,063
Building Details
Building Size
28,062 SF
Year Built
1963
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Erick Shumway · License #3252868
(941) 544-3718
Source:
Daniellegladdingco
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:15PM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
The offering at 2530 17th St in Sarasota, Florida, includes the property and Hap’s Cycle Sales, Inc. The dealership sells motorcycles, ATVs, UTVs, and scooters, and has operated as a family-owned business since 1948. The building contains 28,062 square feet under roof, including approximately 24,600 square feet of air-conditioned space. Built in 1963, the rear structure has a partial-height masonry wall with insulated metal siding above it.
Key Highlights
- 28,062 SF under roof, including approximately 24,600 SF of air‑conditioned space
- Sale includes Hap’s Cycle Sales, Inc. and the real estate
- Dealership has been family‑owned and operated since 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,675
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,673,500
$5.7M
Cap Rate 7%
$4,052,500
$4.1M
Cap Rate 9%
$3,151,944
$3.2M
Market Conditions
NOI Build-Up for 24,600 SF
Gross rent
$422.1K $17.16/SF
− Vacancy
−$16.9K −$0.69/SF
EGI
$405.3K $16.47/SF
− OpEx
−$121.6K −$4.94/SF
NOI
$283.7K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,673,500
Cap Rate 7%
$4,052,500
Cap Rate 9%
$3,151,944
Alternative Uses
Best Use
Retail
$5.49M
$4.80M – $6.41M
NOI $384,350 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$4.05M
$3.55M – $4.73M
NOI $283,675 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,406 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Home Improvements & Furnishings 7%
7-Eleven
Shops & Services
17,775 visits/mo
0.5 miles
Dollar General
Shops & Services
8,616 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,413 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,120 visits/mo
0.1 miles
Graybar
Home Improvements & Furnishings
904 visits/mo
0.1 miles
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sarasota, FL
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Frequently Asked Questions
What type of property is this?
Automotive property - The sale combines the real estate with the dealership business.
Where is this automotive property located?
The property is located at 2530 17TH ST Sarasota, FL.
What is the asking price?
The asking price for this property is $4,132,000.
What are key features of this property?
This property features: 28,062 SF under roof, including approximately 24,600 SF of air‑conditioned space; Sale includes Hap’s Cycle Sales, Inc. and the real estate; Dealership has been family‑owned and operated since 1948
