Building Details

Building Size 620 SF

Year Built 1985

Listed By: Eddie Campbell Show Phone

Source: Tcnworldwide

Added: Sep 2 Changed: Oct 9 Last Checked: Oct 16 at 7:30AM

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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

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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.

Key Highlights

• 620 SF commercial condominium unit
• CN zoning
• Built in 1985

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,687

Cap Rate

6.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,740 $193.7K

Cap Rate 7%

$138,386 $138.4K

Cap Rate 9%

$107,633 $107.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 620 SF

Gross rent

$14.9K $24.00/SF

− Vacancy

−$1.0K −$1.68/SF

EGI

$13.8K $22.32/SF

− OpEx

−$4.2K −$6.70/SF

NOI

$9.7K $15.62/SF

Area

Sarasota County, FL

Vacancy

7.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,740

Cap Rate 7%

$138,386

Cap Rate 9%

$107,633

Alternative Uses

Best Use

Retail

$138.4K

$121.1K – $161.5K (±1% cap)

NOI $9,687 @ 7.0% cap · market cap 6.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$176.2K

$154.2K – $205.6K (±1% cap)

NOI $12,335 @ 7.0% cap · market cap 8.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Skin Care Clinic Parking Lot & Garage Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6.3% 2020

4.6% 2021

3% 2022

3.3% 2023

3.4% 2024

3.9% 2025

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Similar Off Market Nearby

• Octavia´s Flower Shop — 1540 n lockwood ridge rd apt 219, sarasota, fl 34237
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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