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    40 S Pineapple Ave Sarasota, FL 34236

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    For Sale
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    Profitable medical spa in downtown Sarasota with loyal clientele.

    Type:Business for Sale
    Property size:
    1,900 SF
    Price / SF:
    $184/SF
    Added:
    Oct 23, 2024
    Days on Market:
    548
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 40 S Pineapple Ave

    General Information

    Standard status
    Active
    Size
    1,900 SF
    Property subtype
    Business for Sale

    We can help!

    Listing Contact
    Kenia Rivas

    Listing agent Kenia Rivas License #3116606

    Listing office Preferred Shore Commercial

    Listing date Oct 23, 2024

    Source Crexi

    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 Preferred Shore Commercial

    Overview

    Established Medical Spa Downtown Sarasota

    This is an exceptional opportunity to acquire a highly regarded medical spa located in the heart of Downtown Sarasota, Florida. The spa offers a comprehensive range of aesthetic and medical services, including injectables (Botox and dermal fillers), energy-based treatments such as radiofrequency microneedling and CoolPeel, body sculpting, and personalized facials. All equipment and devices are included in the sale. Renowned for its luxurious ambiance, cutting-edge technology, and outstanding customer service, the business has been built and operated by a seasoned entrepreneur and registered nurse. It provides high-margin services—Botox, fillers, advanced microneedling, and customizable facials—and has demonstrated consistent revenue growth with strong profitability. The business is also ideal for buyers pursuing an E-2 Visa. Positioned as a top-tier med spa with a loyal and growing clientele, the operation is housed in a modern, well-maintained facility in a high-traffic area. The spa is fully equipped with state-of-the-art medical and aesthetic devices to support premium treatments. The team includes a medical director, licensed aestheticians, and experienced administrative staff. The property size is 1900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Next-Mark Advertising Agency Sapphira Prive Sarasota Spa & Massage Center

    Suggested Use

    Restaurant Dental Office Hair Salon Spa & Massage Center Nail Salon Food Market Law Firm Grocery & Convenience Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mc Cormack Thomas — 505 S Orange Ave, Sarasota, FL 34236
    • Balanced Body Center — 777 S Palm Ave # 8, Sarasota, FL 34236
    • Integrative Wellness & Herbal Therapies — 2033 Wood St #120, Sarasota, FL 34237
    • Alexander Smithers — 2033 Wood St #210, Sarasota, FL 34237
    • Panyada Sachs — 1751 Mound St STE 206-17, Sarasota, FL 34236

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5420508
    Latitude
    27.3357733

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    FAQs

    What type of property is this?
    Spa & wellness property - Profitable medical spa in downtown Sarasota with loyal clientele.
    Where is this spa & wellness property located?
    The property is located at 40 S Pineapple Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Established medical spa in a prime Downtown Sarasota location.; Comprehensive range of high‑margin aesthetic and medical services offered.; Consistent revenue growth and strong profitability demonstrated.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kenia Rivas
    Real Estate License ID: 3116606
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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