Historic Mixed-Use
For Sale
$8,500,000
530 S ORANGE Avenue, Sarasota, FL 34236
Residential Income, SARASOTA, FL
Property Size13,762 SF
Lot Size0.14 Acres
Price / SF$617.64
Days on Market159
Property Features for 530 S ORANGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DTC
Bedrooms
10
Bathrooms
13
Full bathrooms
13
Rooms
Bathroom 10, Bedroom 1, Bedroom 4, Bathroom 13, Bedroom 9, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bathroom 8, Bathroom 6, Bedroom 7, Bathroom 12, Bathroom 2, Bedroom 8, Bathroom 11, Bedroom 2, Bathroom 9, Bedroom 6, Bedroom 10, Bathroom 7, Bedroom 3, Bathroom 5
Interior features
Ceiling Fans(s), Thermostat
Exterior features
Balcony
Subdivision
PLAT OF SARASOTA EXHIBIT
Lot features
Corner Lot, Historic District, City Limits, Irregular Lot
View
City
Directions
Center of Little Five Points, accesable on Pineapple or Orange
Standard status
Active
APN
2027140020
Size
13,762 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT SE COR OF LOT 4 TH N ALG ORANGE AVE 50 FT TH W ACROSS LOTS 2 & 4 TO WLY SIDE OF LOT 2 TH SELY ALG SAID LOT 2 TO SW COR OF LOT 2 TH E ALG LOTS 2 & 4 TO POB BEING PART OF BLK 1B PLAT OF SARASOTA, BEING A PORTION OF LANDS AS DESC IN ORI 2003259102
Tax Annual Amount
24013
Legal Description
BEG AT SE COR OF LOT 4 TH N ALG ORANGE AVE 50 FT TH W ACROSS LOTS 2 & 4 TO WLY SIDE OF LOT 2 TH SELY ALG SAID LOT 2 TO SW COR OF LOT 2 TH E ALG LOTS 2 & 4 TO POB BEING PART OF BLK 1B PLAT OF SARASOTA, BEING A PORTION OF LANDS AS DESC IN ORI 2003259102
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
wrought-iron balconies
Venetian plaster
exposed beams
Building Details
Year built
1925
Number of units
21
Building materials
Block
Roof type
Built-Up
Listing Agency:
COMPASS FLORIDA LLC
(941) 279-3630
Listed By:
Jason Skowronski · License #3288062
(941) 812-6090
Added: Mar 16
Changed: Aug 20
Last Checked: Aug 21 at 9:06PM
MLS# A4686338
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.
Built in 1925, this mixed-use property contains 13,762 square feet on a 0.14-acre site and is zoned DTC. The building currently operates as a vacation rental with 8 suites, along with 7 retail shops at street level and a 3,000-square-foot owner's suite. Its physical character includes wrought-iron balconies, Venetian plaster, exposed beams, a built-up roof, and block construction. Interior systems include central and ductless heating, wall or window cooling units, ceiling fans, and thermostats.
Located at 530 S Orange Avenue in Sarasota's Burns Square, the building features a triangular architectural configuration and sits near Little Five Points. Public water and public sewer serve the property, with cable available. A balcony, fountain, and historical monument are also identified among the property's exterior and site features.
Located at 530 S Orange Avenue in Sarasota's Burns Square, the building features a triangular architectural configuration and sits near Little Five Points. Public water and public sewer serve the property, with cable available. A balcony, fountain, and historical monument are also identified among the property's exterior and site features.
Key Highlights
- 13,762 square feet on a 0.14‑acre site
- Built in 1925; zoned DTC
- Current layout includes 8 vacation‑rental suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$241,265
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,825,300
$4.8M
Cap Rate 7%
$3,446,643
$3.4M
Cap Rate 9%
$2,680,722
$2.7M
Market Conditions
NOI Build-Up for 13,762 SF
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.
Gross rent
$412.9K $30.00/SF
− Vacancy
−$26.8K −$1.95/SF
EGI
$386.0K $28.05/SF
− OpEx
−$144.8K −$10.52/SF
NOI
$241.3K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,825,300
Cap Rate 7%
$3,446,643
Cap Rate 9%
$2,680,722
Alternative Uses
Best Use
Mixed Use
$3.45M
$3.02M – $4.02M
NOI $241,265 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$2.42M
$2.12M – $2.82M
NOI $169,240 @ 7.0% cap · market cap 1.99%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,288 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,827
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1925 property combines vacation-rental suites with ground-floor retail shops.
Where is this mixed-use property located?
The property is located at 530 S ORANGE Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 13,762 square feet on a 0.14‑acre site; Built in 1925; zoned DTC; Current layout includes 8 vacation‑rental suites
