Downtown Sarasota Retail/Office
For Sale
$352,800
Pending
430 KUMQUAT COURT #106, Sarasota, FL 34236
Prime location retail/office condominium suites in downtown Sarasota.
Property Size882 SF
Days on Market1322
Property Features for 430 KUMQUAT COURT #106
General Information
Standard status
Pending
Size
882 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,500
Amenities
Curb Parking
Sidewalk
Accessible Approach with Ramp
Accessible Doors
Accessible Elevator Installed
Accessible Entrance
Built-Up Roof
Central Business District
Concrete Flooring
Curb and Gutters
Electric Heating
Fire Hydrant
Membrane Roof
Near Public Transit
Neighbourhood
Paved
Listing Agency:
PREMIER SOTHEBYS INTL REALTY
(941) 364-4000
Listed By:
FRANK LAMBERT · License #0345242
(941) 920-1500
Source:
Corcoran
Added: Mar 11, 2023
Changed: Oct 21
Last Checked: Oct 23 at 4:53AM
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 PREMIER SOTHEBYS INTL REALTY
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Investment Insights
Based on property information with market context.
These retail and commercial office condominium suites are located in a prime downtown Sarasota location, offering street-side access within an urban, secluded tropical enclave in the Rosemary District. This modern-designed, mixed-use condominium project, named Villa Ballada, features three professional retail spaces below 22 residences. Designed by award-winning Rosemary District architects, these new construction retail and office spaces offer contemporary styling and masonry walls between suites. The spaces are roughed in and ready to be customized, prepared to receive optional individual heating and cooling systems. New concrete floors are ready for the buyer's desired finish. Monthly fees are $319. Abundant street parking is available on Kumquat Court, 4th Street, Lemon Avenue, and Orange Avenue. The property is near Citrus Square and Orange Avenue commercial districts, Lemon Avenue and Fruitville Road, other retail and commercial enterprises, Whole Foods, farmers market, restaurants and shopping, and arts and cultural theater districts. The Rosemary District has seen the recent completion of apartment living, adding 1,800 new residents.
Key Highlights
- Prime downtown Sarasota location in the Rosemary District with street‑side access.
- New construction retail/commercial condominium suites ready to be customized.
- Designed by award‑winning Rosemary District architects, Halflants + Pichette, with contemporary styling and masonry walls between suites.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,780
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,600
$275.6K
Cap Rate 7%
$196,857
$196.9K
Cap Rate 9%
$153,111
$153.1K
Market Conditions
NOI Build-Up for 882 SF
Gross rent
$21.2K $24.00/SF
− Vacancy
−$1.5K −$1.68/SF
EGI
$19.7K $22.32/SF
− OpEx
−$5.9K −$6.70/SF
NOI
$13.8K $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%
$275,600
Cap Rate 7%
$196,857
Cap Rate 9%
$153,111
Alternative Uses
Best Use
Retail
$196.9K
$172.3K – $229.7K
NOI $13,780 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.7K
$219.3K – $292.5K
NOI $17,547 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,210
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 20%
Dining 19%
Hotels & Casinos 4%
Publix
Groceries
37,584 visits/mo
0.4 miles
Whole Foods Market
Groceries
34,548 visits/mo
0.3 miles
Sunoco
Shops & Services
18,817 visits/mo
0.5 miles
First Watch
Dining
10,428 visits/mo
0.4 miles
Hyde Park Prime Steakhouse
Dining
8,260 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sarasota, FL
Frequently Asked Questions
What type of property is this?
Retail space - Prime location retail/office condominium suites in downtown Sarasota.
Where is this retail space located?
The property is located at 430 KUMQUAT COURT #106 Sarasota, FL.
What is the asking price?
The asking price for this property is $352,800.
What are key features of this property?
This property features: Prime downtown Sarasota location in the Rosemary District with street‑side access.; New construction retail/commercial condominium suites ready to be customized.; Designed by award‑winning Rosemary District architects, Halflants + Pichette, with contemporary styling and masonry walls between suites.
