Restaurant Building with Rear
For Sale
$711,000
5666 SWIFT ROAD, Sarasota, FL 34231
Restaurant building in a strip center with back alley access, equipped with a grease trap and range hood.
Property Size2,217 SF
Price / SF$320.70
Days on Market110
Property Features for 5666 SWIFT ROAD
General Information
Standard status
Active
Size
2,217 SF
Zoning
CI
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,931
Amenities
Bathrooms, Kitchen Facility
Other
Refrigerator
Building Details
Building Size
2,217 SF
Year Built
1970
Stories
1
Listing Agency:
RE/MAX Alliance Group
(941) 544-3718
Listed By:
Erick Shumway · License #3252868
(941) 544-3718
Source:
Evrealestate
Added: May 7
Changed: Aug 23
Last Checked: Aug 22 at 3:23PM
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
Investment Insights
Based on property information with market context.
This for-sale restaurant property is located in a strip center and has been operating as a restaurant for more than 56 years. The building includes key food-service infrastructure with a grease trap and a range hood, supporting day-to-day kitchen operations. The layout also provides rear access via a back alley, which can be useful for service and deliveries.
The property is situated on the west side of Swift Rd in Sarasota. It is part of an established retail strip environment, and the back alley arrangement provides an additional access point separate from the primary storefront frontage.
For buyers and operators seeking a turn-key-style restaurant site, the presence of a grease trap and range hood helps reduce the work needed to support commercial cooking. The rear access alley can also streamline service-related movements for kitchen operations. Zoning is described as great C-I zoning in the remarks, which may support a compatible range of commercial uses—buyers should verify permitted uses with the appropriate local authorities.
The property is situated on the west side of Swift Rd in Sarasota. It is part of an established retail strip environment, and the back alley arrangement provides an additional access point separate from the primary storefront frontage.
For buyers and operators seeking a turn-key-style restaurant site, the presence of a grease trap and range hood helps reduce the work needed to support commercial cooking. The rear access alley can also streamline service-related movements for kitchen operations. Zoning is described as great C-I zoning in the remarks, which may support a compatible range of commercial uses—buyers should verify permitted uses with the appropriate local authorities.
Key Highlights
- Restaurant building in a strip center, built in 1970
- Located on the west side of Swift Rd, with C‑I zoning
- Operated as a restaurant for over 56 years
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
$29,211
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
4.11%
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%
$584,220
$584.2K
Cap Rate 7%
$417,300
$417.3K
Cap Rate 9%
$324,567
$324.6K
Market Conditions
NOI Build-Up for 2,217 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
$39.9K $18.00/SF
− Vacancy
−$958 −$0.43/SF
EGI
$38.9K $17.57/SF
− OpEx
−$9.7K −$4.39/SF
NOI
$29.2K $13.18/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$584,220
Cap Rate 7%
$417,300
Cap Rate 9%
$324,567
Alternative Uses
Best Use
Specialty Retail
$417.3K
$365.1K – $486.9K
NOI $29,211 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.0K
$570.5K – $760.6K
NOI $45,637 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building in a strip center with back alley access, equipped with a grease trap and range hood.
Where is this conventional restaurant located?
The property is located at 5666 SWIFT ROAD Sarasota, FL.
What is the asking price?
The asking price for this property is $711,000.
What are key features of this property?
This property features: Restaurant building in a strip center, built in 1970; Located on the west side of Swift Rd, with C‑I zoning; Operated as a restaurant for over 56 years
