Building Details

Year Built 1975

Buildings 1

Tenancy Single

Listing Agency: COLDWELL BANKER REALTY Show Phone

Listed By: Sue Repp · License #3071365 Show Phone

Source: Dennisrealty

Added: Oct 19 Changed: Oct 22 Last Checked: Oct 20 at 8:41PM

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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 contains 2,660 square feet on a 0.451-acre lot and is zoned CG. A tenant currently occupies the building and may choose to remain. Recent property updates include a roof installed in 2025, a newer electrical service panel, and two air-conditioning units. Green space lies west of the building, with potential for expansion noted.

Bee Ridge Road links I-75 with Sarasota’s Tamiami Trail corridor. The road carries a reported daily traffic count of 38,500, and the property has pole signage along the roadway.

Key Highlights

• 2,660‑square‑foot freestanding building on 0.451 AC
• CG zoning
• 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

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office

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

Location Intelligence

Trade Area within ½ mile

1,109

Businesses Nearby

193k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 31% Dining 28% Groceries 27% Home Improvements & Furnishings 13%

Publix Groceries

37,008 visits/mo 0.5 miles

McDonald's Dining

25,706 visits/mo 0.3 miles

HomeGoods Home Improvements & Furnishings

23,412 visits/mo 0.4 miles

Winn-Dixie Groceries

15,669 visits/mo 0.3 miles

Sunoco Shops & Services

11,915 visits/mo 0.1 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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Frequently Asked Questions

What type of property is this?

Storefront property - CG zoning, an existing tenant, and roadside pole signage support the property’s current commercial use.

Where is this storefront property located?

The property is located at 4631 BEE RIDGE ROAD 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 on 0.451 AC; CG zoning; Tenant in place who may wish to remain