Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Siesta Key Retail Opportunity Title is generated by Realmo AI

    6595 Midnight Pass Rd, Sarasota, FL 34242

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $45 SF/Yr

    Rare large retail space near Siesta Key beaches.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 8:56 pm

    Property Features for 6595 Midnight Pass Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 6595 Midnight Pass Rd Contact us

    We can help!

    Listing Contact
    Joe C. Hembree, CCIM
    Joe C. Hembree, CCIM

    Listing agent Joe C. Hembree, CCIM License #3213168

    Listing office HEMBREE & ASSOCIATES INC

    Listing date Mar 6, 2026

    Source Hembreeco

    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 HEMBREE & ASSOCIATES INC

    HighLights

    • Located across from Siesta Key Beaches in a high tourist traffic commercial district.
    • High concentration of rental condos and tourist beach residences in the Southbridge area.
    • Landlord will update the building frontage with a new storefront.
    • Spacious interior with an open floor plan.
    • Dedicated parking available.
    • High visibility with great signage potential.

    Overview

    This is a rare large retail opportunity located in Crescent Plaza across the street from the Siesta Key beaches in Sarasota, FL. The floor plan is open and spacious. The landlord will update the building frontage with a new storefront to create a modern retail feel and better presentation to the street. The property is located on Siesta Key in the Southbridge Mall Crescent Plaza on Midnight Pass Rd, just south of Stickney Point Rd, the southern bridge access to Siesta Key Beach. The Southbridge area has a high concentration of rental condos and tourist beach residences. The property has dedicated parking, high visibility, and great signage potential. It is located in a high tourist traffic commercial district on Siesta Key. The landlord will work with the tenant to update the storefront. Locals and visitors are attracted to this walkable convenient plaza on Siesta Key.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Palm Parking Parking Lot & Garage

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5334
    Latitude
    27.2502

    Nearby Similar for Lease

    • $2,000/Mo
      1,100 SF

      Sarasota Office Space Available

      Office space for rent in Sarasota with flexible options.
      2063 MAIN STREET, SARASOTA, FL 34237
      View Details
    • $2,395/Mo
      1,100 SF

      Sarasota Warehouse Space For Lease

      Prime Sarasota warehouse space with restroom and convenient location.
      8235 BLAIKIE COURT, SARASOTA, FL 34240
      View Details
    • $31,200 SF/Yr
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen, Sarasota, FL 34232
      View Details
    • $3,000/Mo
      1,000 SF

      Retail Space in Golf Gate

      Standalone building in Sarasota's Golf Gate with high visibility.
      6455 GATEWAY AVENUE, SARASOTA, FL 34231
      View Details
    • $20 SF/Yr
      8,225 SF

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S BENEVA ROAD, SARASOTA, FL 34238
      View Details
    • Sponsored
      Contact for pricing

      FL, Sarasota - Lakewood Ranch

      6901 Professional Pkwy, Sarasota, FL 34240
      View Details
    • $129-$8,606/Mo
      11-1,292 SF

      Sarasota Courthouse

      1990 Main St, Unit 750, Sarasota, FL 34236
      View Details
    • $29 SF/Yr
      1,793 SF

      Sarasota Office Space For Rent

      Office spaces for rent in a high-traffic Sarasota location.
      2700 South Tamiami Trail, Sarasota, FL 34239
      View Details
    • $29 SF/Yr
      1,793 SF

      Sarasota Office Space For Rent

      Office spaces in prime location near Sarasota Memorial Hospital.
      2700 South Tamiami Trail, Sarasota, FL 34239
      View Details
    • $3,600/Mo
      2,600 SF

      Renovated Sarasota Flex Space

      Recently renovated flex space with parking near downtown and airport.
      2135 12 STREET, SARASOTA, FL 34237
      View Details
    • $23 SF/Yr
      2,345 SF

      Professional Office Space For Rent

      Well-maintained office condominium complex in a high-traffic location.
      1348 Fruitville Rd, Sarasota, FL 34236
      View Details
    • $19 SF/Yr
      3,281 SF

      Versatile Office/Warehouse Flex Space

      3,281 SF office/warehouse near SRQ/Bradenton Airport, suitable for various uses.
      7525 Pennsylvania Avenue, Sarasota, FL 34243
      View Details

    FAQs

    What type of property is this?
    Retail space - Rare large retail space near Siesta Key beaches.
    Where is this retail space located?
    The property is located at 6595 Midnight Pass Rd Sarasota, FL.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: Located across from Siesta Key Beaches in a high tourist traffic commercial district.; High concentration of rental condos and tourist beach residences in the Southbridge area.; Landlord will update the building frontage with a new storefront.
    (941) 951-1776
    We can help!
    Listing Contact
    Joe C. Hembree, CCIM
    Joe C. Hembree, CCIM
    Real Estate License ID: 3213168
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6595 Midnight Pass Rd, Sarasota, FL 34242
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!