Sarasota Storefront
New
For Sale
$145,000
3450 17th St # 8, Sarasota, FL 34235
Commercial condominium unit with a flexible layout for retail, service, or general commercial applications.
Property Size620 SF
Price / SF$233.87
Days on Market2
Property Features for 3450 17th St # 8
General Information
Standard status
Active
Size
620 SF
Property subtype
Retail
Zoning
CN
Building Details
Building Size
620 SF
Year Built
1985
Listed By:
Eddie Campbell
(941) 914-8776
Source:
Tcnworldwide
Added: Sep 2
Last Checked: Sep 2 at 2:23PM
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 Eddie Campbell
Investment Insights
Based on property information with market context.
This storefront condominium unit provides 620 square feet of commercial space in a building constructed in 1985. Its adaptable layout can support retail, service-oriented, or general commercial operations, subject to applicable requirements and buildout needs.
The property is located at 3450 17th Street, Unit 8, in Sarasota, Florida, and carries CN zoning. The condominium format offers a defined commercial unit for an owner-user or investor seeking storefront space in an established building.
The property is located at 3450 17th Street, Unit 8, in Sarasota, Florida, and carries CN zoning. The condominium format offers a defined commercial unit for an owner-user or investor seeking storefront space in an established building.
Key Highlights
- 620 SF commercial condominium unit
- CN zoning
- Built in 1985
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
$7,625
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
5.26%
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%
$152,500
$152.5K
Cap Rate 7%
$108,929
$108.9K
Cap Rate 9%
$84,722
$84.7K
Market Conditions
NOI Build-Up for 620 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
$11.2K $18.00/SF
− Vacancy
−$268 −$0.43/SF
EGI
$10.9K $17.57/SF
− OpEx
−$3.3K −$5.27/SF
NOI
$7.6K $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%
$152,500
Cap Rate 7%
$108,929
Cap Rate 9%
$84,722
Alternative Uses
Best Use
Retail
$108.9K
$95.3K – $127.1K
NOI $7,625 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.3K
$159.5K – $212.7K
NOI $12,763 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 33%
Home Improvements & Furnishings 15%
Dining 10%
Key Food
Groceries
18,759 visits/mo
0.2 miles
BP
Shops & Services
8,411 visits/mo
0.3 miles
Dg Ace Hardware
Home Improvements & Furnishings
7,264 visits/mo
0.2 miles
Chevron
Shops & Services
6,961 visits/mo
0.3 miles
AutoZone
Shops & Services
5,640 visits/mo
0.2 miles
Demographics for 34235, FL
14,536
Population
8,187
Households
1.8
Avg Household Size
57
Median Age
38%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
2,345
Density / Sq Mi
$72,948
Median Household Income
$40,778
Median Earnings
$1,729
Median Rent
$338,200
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?
Storefront property - Commercial condominium unit with a flexible layout for retail, service, or general commercial applications.
Where is this storefront property located?
The property is located at 3450 17th St # 8 Sarasota, FL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 620 SF commercial condominium unit; CN zoning; Built in 1985
