Retail Building with Flexible
New
For Sale
$1,500,000
5624 SWIFT, Sarasota, FL 34231
Updated roof, air-conditioning, and electrical systems support the property’s retail configuration.
Property Size5,125 SF
Price / SF$292.68
Days on Market3
Property Features for 5624 SWIFT
General Information
Standard status
Active
Size
5,125 SF
Property subtype
Commercial
Zoning
CG Commercial General
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,412
Building Details
Building Size
5,125 SF
Year Built
1965
Units
2
Listing Agency:
RE/MAX Alliance Group
Listed By:
Erick Shumway · License #3252868
(941) 544-3718
Source:
Elliman
Added: Oct 23
Last Checked: Oct 24 at 7:15PM
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 RE/MAX Alliance Group
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Investment Insights
Based on property information with market context.
This 5,125-square-foot retail building in Sarasota was built in 1965 and carries CG (Commercial General) zoning. Updates have been made to the roof, air-conditioning, and electrical systems. The interior may be configured as two or three units.
The property has central water service, a septic sewer system, and access to a rear alley. Walk Score is 65, rated Somewhat Walkable, and Bike Score is 62, rated Bikeable.
The property has central water service, a septic sewer system, and access to a rear alley. Walk Score is 65, rated Somewhat Walkable, and Bike Score is 62, rated Bikeable.
Key Highlights
- 5,125‑square‑foot retail building with CG Commercial General zoning
- Potential layout for two or three units
- Updates to the roof, air‑conditioning, and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,073
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,601,460
$1.6M
Cap Rate 7%
$1,143,900
$1.1M
Cap Rate 9%
$889,700
$889.7K
Market Conditions
NOI Build-Up for 5,125 SF
Gross rent
$123.0K $24.00/SF
− Vacancy
−$8.6K −$1.68/SF
EGI
$114.4K $22.32/SF
− OpEx
−$34.3K −$6.70/SF
NOI
$80.1K $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%
$1,601,460
Cap Rate 7%
$1,143,900
Cap Rate 9%
$889,700
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.33M
NOI $80,073 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,960 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 65%
Shops & Services 29%
Dining 6%
DG Ace Hardware
Home Improvements & Furnishings
10,587 visits/mo
0.1 miles
Dollar General
Shops & Services
4,362 visits/mo
0.1 miles
Donatos Pizza
Dining
990 visits/mo
0.2 miles
AAMCO Transmissions
Shops & Services
345 visits/mo
0.2 miles
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
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?
Strip mall - Updated roof, air-conditioning, and electrical systems support the property’s retail configuration.
Where is this strip mall located?
The property is located at 5624 SWIFT Sarasota, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,125‑square‑foot retail building with CG Commercial General zoning; Potential layout for two or three units; Updates to the roof, air‑conditioning, and electrical systems
