Residential Income Property with
For Sale
$174,900
2920 CLARK ROAD 204, Sarasota, FL 34231
The residence includes central air, electric service, assigned parking, and access to a courtyard.
Property Size762 SF
Price / SF$229.53
Days on Market19
Property Features for 2920 CLARK ROAD 204
General Information
Standard status
Active
Size
762 SF
Property subtype
Residential Income
Zoning
RMF3
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,725
Amenities
Pool
Maintenance, Pool
Central Air
Electric
Electric Water Heater, Microwave, Range, Refrigerator
Assigned, Guest
Courtyard
Building Details
Building Size
762 SF
Year Built
1971
Listing Agency:
Re/Max Harbor Realty
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Source:
Evrealestate
Added: Oct 1
Changed: Oct 14
Last Checked: Oct 19 at 5:11AM
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 Harbor Realty
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Investment Insights
Based on property information with market context.
Built in 1971, this residential income property has central air and electric service. The listed appliances are an electric water heater, microwave, range, and refrigerator. Assigned parking and guest parking are provided, with a courtyard among the exterior features.
The property is at 2920 Clark Road in Sarasota and is zoned RMF3.
The property is at 2920 Clark Road in Sarasota and is zoned RMF3.
Key Highlights
- RMF3 zoning
- Built in 1971
- Central air and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,939
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,780
$138.8K
Cap Rate 7%
$99,129
$99.1K
Cap Rate 9%
$77,100
$77.1K
Market Conditions
NOI Build-Up for 762 SF
Gross rent
$14.1K $18.48/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$12.6K $16.56/SF
− OpEx
−$5.7K −$7.45/SF
NOI
$6.9K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,780
Cap Rate 7%
$99,129
Cap Rate 9%
$77,100
Alternative Uses
Best Use
Apartment 5plus
$99.1K
$86.7K – $115.7K
NOI $6,939 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.6K
$189.5K – $252.7K
NOI $15,160 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,047
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes central air, electric service, assigned parking, and access to a courtyard.
Where is this residential income property located?
The property is located at 2920 CLARK ROAD 204 Sarasota, FL.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: RMF3 zoning; Built in 1971; Central air and electric service
