Building Details

Building Size 2,240 SF

Year Built 1975

Buildings 1

Tenancy Single

Listing Agency: COLDWELL BANKER REALTY

Listed By: Sue Repp · License #3071365 Show Phone

Source: Daniellegladdingco

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 21 at 2:33AM

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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 COLDWELL BANKER REALTY

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Investment Insights

Based on property information with market context.

This freestanding storefront building contains 2,660 square feet and sits on a 0.451-acre lot. The property is zoned CG and has pole signage, two AC units, a newer electrical service panel, and a roof installed in 2025. A tenant is in place and may wish to continue occupancy.

Bee Ridge Road connects I-75 with Sarasota on Tamiami Trail. The road carries an estimated traffic count of upwards of 38,500 daily.

Key Highlights

• 2,660‑square‑foot freestanding building
• 0.451‑acre lot, zoned CG
• Tenant in place who may wish to remain

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,560

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$831,200 $831.2K

Cap Rate 7%

$593,714 $593.7K

Cap Rate 9%

$461,778 $461.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,660 SF

Gross rent

$63.8K $24.00/SF

− Vacancy

−$4.5K −$1.68/SF

EGI

$59.4K $22.32/SF

− OpEx

−$17.8K −$6.70/SF

NOI

$41.6K $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%

$831,200

Cap Rate 7%

$593,714

Cap Rate 9%

$461,778

Alternative Uses

Best Use

Retail

$593.7K

$519.5K – $692.7K (±1% cap)

NOI $41,560 @ 7.0% cap · market cap 4.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$756.0K

$661.5K – $882.0K (±1% cap)

NOI $52,920 @ 7.0% cap · market cap 5.32%

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

Property Analytics

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Current Use

Water Club Pool ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Cafe & Coffee Shop Restaurant HVAC Service Bakery

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

Lease Details

38,500 VPD

Traffic count

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

587

Businesses Nearby

65k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 57% Dining 38% Home Improvements & Furnishings 5%

Burger King Dining

11,449 visits/mo 0.4 miles

Exxon Shops & Services

9,079 visits/mo 0.4 miles

Batteries Plus Bulbs Shops & Services

7,207 visits/mo 0.3 miles

Firehouse Subs Dining

6,502 visits/mo 0.3 miles

Dollar General Shops & Services

5,223 visits/mo 0.3 miles

Demographics for 34233, FL

18,723

Population

9,427

Households

2

Avg Household Size

52

Median Age

41%

College-Educated

95%

High-School Grad

6.1 sq mi

ZIP Area

3,069

Density / Sq Mi

$77,041

Median Household Income

$44,222

Median Earnings

$1,787

Median Rent

$364,300

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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Contact for pricing

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Frequently Asked Questions

What type of property is this?

Storefront property - A current tenant occupies the property and may be interested in staying.

Where is this storefront property located?

The property is located at 4631 BEE RIDGE RD Sarasota, FL.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 2,660‑square‑foot freestanding building; 0.451‑acre lot, zoned CG; Tenant in place who may wish to remain