Residential Income Property with
For Sale
$174,900
2920 CLARK ROAD #102, Sarasota, FL 34231
Residents have access to shared laundry facilities and a community courtyard.
Property Size757 SF
Price / SF$231.04
Days on Market19
Property Features for 2920 CLARK ROAD #102
General Information
Standard status
Active
Size
757 SF
Property subtype
Quadruplex
Building Details
Year Built
1971
Listing Agency:
RE/MAX HARBOR REALTY
(941) 639-8500
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Source:
Endlesssummerrealty
Added: Oct 1
Changed: Oct 19
Last Checked: Oct 19 at 10:16AM
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 102 is part of a residential income property built in 1971. Community amenities include a swimming pool, courtyard, and shared laundry facilities. The building roof was replaced in 2022.
The property is on Clark Road in Sarasota, less than 3 miles from Siesta Key Beach and approximately 10 miles from Sarasota-Bradenton International Airport. Detwiler's Farm Market, Publix, retail, restaurants, and everyday services are nearby.
Units 101, 102, and 204 in the same building are also offered together by the owner.
The property is on Clark Road in Sarasota, less than 3 miles from Siesta Key Beach and approximately 10 miles from Sarasota-Bradenton International Airport. Detwiler's Farm Market, Publix, retail, restaurants, and everyday services are nearby.
Units 101, 102, and 204 in the same building are also offered together by the owner.
Key Highlights
- Community swimming pool, courtyard, and shared laundry facilities
- Building roof replaced in 2022
- Less than 3 miles from Siesta Key Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,894
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,880
$137.9K
Cap Rate 7%
$98,486
$98.5K
Cap Rate 9%
$76,600
$76.6K
Market Conditions
NOI Build-Up for 757 SF
Gross rent
$14.0K $18.48/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$12.5K $16.56/SF
− OpEx
−$5.6K −$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%
$137,880
Cap Rate 7%
$98,486
Cap Rate 9%
$76,600
Alternative Uses
Best Use
Apartment 5plus
$98.5K
$86.2K – $114.9K
NOI $6,894 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$215.1K
$188.3K – $251.0K
NOI $15,060 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to shared laundry facilities and a community courtyard.
Where is this residential income property located?
The property is located at 2920 CLARK ROAD #102 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: Community swimming pool, courtyard, and shared laundry facilities; Building roof replaced in 2022; Less than 3 miles from Siesta Key Beach
