Freestanding Spa
For Sale
$860,000
3080 BEE RIDGE Road, Sarasota, FL 34239
Commercial Sale, SARASOTA, FL
Property Size2,010 SF
Lot Size0.22 Acres
Price / SF$427.86
Days on Market655
Property Features for 3080 BEE RIDGE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN
Security features
Security System
Window features
Storm Window(s)
Appliances
Dryer, Refrigerator, Washer
Subdivision
GROVE PARK
Lot features
Central Business District, Oversized Lot, Sidewalk, Street Lights, Paved
Directions
Corner of Bee Ridge and Murdock near the Fire Station on the South Side of Bee Ridge RD.
Standard status
Active
APN
0072030022
Size
2,010 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 25 FT OF N 30 FT OF E 85 FT OF LOT 6 & ALSO N 31 FT LESS E 85 FT OF SAID LOT 6 & W 22 FT OF LO T 2 & E 36.5 FT LOT 3 BLK A LESS
Tax Annual Amount
6322
Legal Description
S 25 FT OF N 30 FT OF E 85 FT OF LOT 6 & ALSO N 31 FT LESS E 85 FT OF SAID LOT 6 & W 22 FT OF LO T 2 & E 36.5 FT LOT 3 BLK A LESS
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Flooring type
Tile - Ceramic, Tile
Building materials
Block
Roof type
Metal
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Donna Bennington · License #3204563
(941) 685-1263
Added: Nov 8, 2024
Changed: Aug 24
Last Checked: Aug 25 at 1:06PM
MLS# A4628460
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,010-square-foot freestanding property was built in 1970 and is configured for an established nail salon. The interior includes seven nail stations, six pedicure chairs, and a private room used for waxing. Furnishings, tables, television, washer, dryer, refrigerator, nail supplies, and other equipment convey with the sale. Block construction, ceramic tile flooring, central heating and cooling, hurricane windows, and a metal roof are among the building features.
Situated on 0.22 acres along Bee Ridge Road in Sarasota, the property is near Murdock and next to the firehouse on the south side of Bee Ridge Road. It is located 3 miles west of I-75. Public water and sewer serve the property, and the site is not in a flood zone. Current parking is positioned in front of the building, while the side fences could be removed to provide access toward the rear.
Situated on 0.22 acres along Bee Ridge Road in Sarasota, the property is near Murdock and next to the firehouse on the south side of Bee Ridge Road. It is located 3 miles west of I-75. Public water and sewer serve the property, and the site is not in a flood zone. Current parking is positioned in front of the building, while the side fences could be removed to provide access toward the rear.
Key Highlights
- 2,010‑square‑foot freestanding building on 0.22 acres
- Established nail salon layout with 7 nail stations and 6 pedicure chairs
- Private waxing room plus furnishings, equipment, tables, TV, washer, dryer, refrigerator, and nail supplies
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,360
$494.4K
Cap Rate 7%
$353,114
$353.1K
Cap Rate 9%
$274,644
$274.6K
Market Conditions
NOI Build-Up for 2,010 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.2K $18.00/SF
− Vacancy
−$868 −$0.43/SF
EGI
$35.3K $17.57/SF
− OpEx
−$10.6K −$5.27/SF
NOI
$24.7K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,360
Cap Rate 7%
$353,114
Cap Rate 9%
$274,644
Alternative Uses
Best Use
Retail
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,375 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
101k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Office Supplies 20%
Dining 11%
Groceries 10%
Sunoco
Shops & Services
21,126 visits/mo
0.1 miles
OfficeMax
Office Supplies
20,292 visits/mo
0.5 miles
Dollar Tree
Shops & Services
13,713 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,166 visits/mo
0.4 miles
ABC Fine Wine & Spirits
Groceries
9,856 visits/mo
0.5 miles
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Established nail salon building with fixtures, equipment, private waxing room, and CN zoning.
Where is this spa & wellness property located?
The property is located at 3080 BEE RIDGE Road Sarasota, FL.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 2,010‑square‑foot freestanding building on 0.22 acres; Established nail salon layout with 7 nail stations and 6 pedicure chairs; Private waxing room plus furnishings, equipment, tables, TV, washer, dryer, refrigerator, and nail supplies
