30-Unit Mixed-Use
For Sale
$450,000
410 N ORANGE Avenue, Sarasota, FL 34236
COMMERCIAL - SARASOTA, FL
Property Size799 SF
Lot Size1.39 Acres
Price / SF$563.20
Days on Market869
Property Features for 410 N ORANGE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
DTE
Accessibility
Accessible Approach with Ramp
Subdivision
ORANGE ONE
Lot features
Central Business District, Curb and Gutters, Fire Hydrant, Historic District, City Limits, Near Public Transit, Neighbourhood, Retail Condo, Sidewalk, Street Lights, Paved
Directions
From I75, travel west on Fruitville Road exit; once in downtown, turn right on N Orange Ave. ORANGE ONE project runs from 4th St. to 5th Streets. Property is behind chain link fence on right.
Standard status
Active
APN
2026100068.118
Size
799 SF
Lot size
1.39 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Unit 118 Orange One Condominium
Tax Annual Amount
3555
Legal Description
Unit 118 Orange One Condominium
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Built-Up, Membrane
Listing Agency:
PREMIER SOTHEBYS INTL REALTY · Sotheby's International Realty
(941) 364-4000
Listed By:
Frank Lambert · License #0345242
(941) 920-1500
Added: Mar 15, 2024
Changed: Jul 31
Last Checked: Jul 31 at 10:06PM
MLS# A4603657
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.
Orange One is a pre-construction, 30-unit mixed-use development in the Rosemary District of Downtown Sarasota. The project is set to include 10 three-story condominium residences, 10 three-story townhouses, and 10 retail condominium spaces, with the retail units positioned along the sidewalk at 410 N Orange Avenue.
Each retail unit is described as a 799-square-foot “gray box,” with developer-provided floor, wall, and ceiling systems, electric panels, fire sprinklers, and alarm systems, and a rough-in for half-baths. Exterior glass and door systems are complete and maintained by the HOA. The building is under construction with block and concrete construction, concrete flooring, and a built-up membrane roof.
The site is 1.39 acres and is planned for completion with a 2025 year built. Access is noted with an accessible approach with ramp, and utilities include public sewer and phone availability. Zoning is DTE.
Each retail unit is described as a 799-square-foot “gray box,” with developer-provided floor, wall, and ceiling systems, electric panels, fire sprinklers, and alarm systems, and a rough-in for half-baths. Exterior glass and door systems are complete and maintained by the HOA. The building is under construction with block and concrete construction, concrete flooring, and a built-up membrane roof.
The site is 1.39 acres and is planned for completion with a 2025 year built. Access is noted with an accessible approach with ramp, and utilities include public sewer and phone availability. Zoning is DTE.
Key Highlights
- 30‑unit mixed‑use development pre‑construction, planned 2025 year built
- 10 retail condominium spaces along N Orange Ave
- 799‑square‑foot retail “gray box” units with rough‑in half‑baths
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.0k | $30.00 |
| − Vacancy | −$1.6k | −$1.95 |
| EGI | $22.4k | $28.05 |
| − OpEx | −$8.4k | −$10.52 |
| NOI | $14.0k | $17.53 |
799 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$200.1K
$175.1K – $233.5K
NOI $14,007 @ 7.0% cap · market cap 3.11%
Second Best
Retail
$140.4K
$122.8K – $163.8K
NOI $9,826 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$235.0K
$205.6K – $274.1K
NOI $16,447 @ 7.0% cap · market cap 3.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,820
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Leisure 26%
Groceries 21%
Dining 17%
Regal Hollywood - Sarasota
Leisure
43,722 visits/mo
0.4 miles
Whole Foods Market
Groceries
34,548 visits/mo
0.3 miles
First Watch
Dining
10,428 visits/mo
0.4 miles
Hyde Park Prime Steakhouse
Dining
8,260 visits/mo
0.2 miles
Mobil
Shops & Services
7,951 visits/mo
0.4 miles
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Properties on Market for Mixed-use properties in Sarasota County
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Under construction mixed-use project zoned DTE with public sewer and phone available.
Where is this mixed-use property located?
The property is located at 410 N ORANGE Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 30‑unit mixed‑use development pre‑construction, planned 2025 year built; 10 retail condominium spaces along N Orange Ave; 799‑square‑foot retail “gray box” units with rough‑in half‑baths
