Residential Income
For Sale
$174,900
2920 CLARK ROAD #101, Sarasota, FL 34231
The unit is part of a community with a pool, courtyard, and shared laundry facilities.
Property Size762 SF
Price / SF$229.53
Days on Market19
Property Features for 2920 CLARK ROAD #101
General Information
Standard status
Active
Size
762 SF
Property subtype
Quadruplex
Additional Details
Road Access
Yes
Multifamily Units
3
Amenities
swimming pool
courtyard
shared laundry facilities
Building Details
Year Built
1971
Buildings
1
Listing Agency:
RE/MAX HARBOR REALTY
(941) 639-8500
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Source:
Dennisrealty
Added: Oct 1
Changed: Oct 19
Last Checked: Oct 19 at 10:49AM
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.
Unit 101 at 2920 Clark Road is a 762-square-foot residential income property in a community with a swimming pool, courtyard, and shared laundry facilities. The building dates to 1971, and its roof was replaced in 2022. Units 101, 102, and 204 in the same building are offered together by the same owner.
The property is along the Clark Road corridor in Sarasota, less than 3 miles from Siesta Key Beach and approximately 10 miles from Sarasota-Bradenton International Airport. Nearby shopping and dining include Detwiler's Farm Market and Publix.
The property is along the Clark Road corridor in Sarasota, less than 3 miles from Siesta Key Beach and approximately 10 miles from Sarasota-Bradenton International Airport. Nearby shopping and dining include Detwiler's Farm Market and Publix.
Key Highlights
- 762‑square‑foot unit built in 1971
- Building roof replaced in 2022
- Community amenities include a swimming pool, courtyard, and shared laundry
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
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 unit is part of a community with a pool, courtyard, and shared laundry facilities.
Where is this residential income property located?
The property is located at 2920 CLARK ROAD #101 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: 762‑square‑foot unit built in 1971; Building roof replaced in 2022; Community amenities include a swimming pool, courtyard, and shared laundry
