Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1991 Main St Sarasota, FL 34236

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Downtown Sarasota Mixed-Use Development

    Lot size:
    55,000 SF

    Property Features for 1991 Main St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,000 SF
    Class
    A
    Total Rate
    183333.33

    Building Details

    Buildings
    2
    Stories
    10

    Spaces For Lease

    at 1991 Main St, Sarasota, FL 34236 Contact us
    Unit 101 Links Avenue Retail Unit F

    $46 /Mo

    Size
    2,779 SF
    Contact us
    Unit 1981 Main Street Retail Unit E

    $55 /Mo

    Size
    4,791 SF
    Contact us
    Unit 105 Links Avenue Retail Unit H

    $40 /Mo

    Size
    2,787 SF
    Contact us
    Unit 1989 Main street Retail Unit A

    $50 /Mo

    Size
    2,087 SF
    Contact us
    Unit 1983 Main Street Retail Unit D

    $50 /Mo

    Size
    4,387 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Kevin L Robbins
    Kevin L Robbins

    Listing Agency: Harry Robbins Assoc Inc Listing Agent: Kevin L Robbins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Introducing Aster & Links, a brand-new, Class A mixed-use development in Sarasota County's Central Business District. This premier project offers 55,000 square feet of ground-floor retail space within two 10-story buildings, situated at the high-traffic intersection of US-301/Washington Blvd and Fruitville Rd. Units range from 1,500 to 22,000 contiguous square feet, perfect for a variety of retail concepts. The development boasts exceptional visibility with extensive frontage on Main Street, Fruitville Road, and Links Avenue, further enhanced by a prominent pylon sign and building signage. Benefit from over 1,200 parking spaces, including 800+ garage spaces and 400 surface spaces, ensuring convenient access for customers and employees. Enjoy 376 feet of storefront frontage on Main Street and 630 feet on Links Avenue, complemented by wide sidewalks. The strategic location draws a substantial customer base from surrounding areas including Longboat Key, Siesta Key, and St. Armands. This thriving area is experiencing significant redevelopment and new construction, creating a dynamic and attractive environment for businesses. The DTC zoning provides flexibility for various retail uses. This is an unparalleled opportunity to establish a presence in a rapidly growing and highly desirable location. The property sits on 5 acres and is zoned DTC in Sarasota County. Contact us today to learn more about the available spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sarasota Main Plaza Department Store Aster & Links Real Estate Agency EMC Insurance Co Insurance Agency 1 Main Plaza Condominium Complex Jessica Wright Law Firm

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Real Estate Agency Daycare Center Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5316046
    Latitude
    27.3373088

    Nearby Similar for Lease

    • $7,800 /Mo
      1,037 SF

      Professional Office Space For Lease

      Private office in professional suite near Downtown Sarasota available for lease.
      2831 Ringling Blvd, Sarasota, FL 34237
      View Details
    • $24 SF/Yr
      2,100 SF

      Sarasota Office Space Available

      Centrally located office space with included utilities and furniture.
      4545 Mariotti Ct, Sarasota, FL 34233
      View Details
    • $31,200
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen Rd, Sarasota, FL 34232
      View Details
    • $2,800 /Mo
      1,483 SF

      Charming Bungalow Near Downtown Sarasota

      Unique office/retail space in a converted bungalow near downtown.
      1724 4Th St, Sarasota, FL 34236
      View Details
    • $10,000 /Mo
      5,918 SF

      Office Space in Sarasota, FL

      Office space available for rent in Sarasota, Florida.
      227 Central Ave, Sarasota, FL 34236
      View Details
    • $2,395 /Mo
      1,100 SF

      Sarasota Warehouse Space For Lease

      Prime Sarasota warehouse space with restroom and convenient location.
      8235 Blaikie Ct, Sarasota, FL 34240
      View Details
    • $42 SF/Yr
      3,596 SF

      Retail and Office Space Available

      Pre-construction retail and office space for lease in Sarasota, FL.
      6355 Initiative Blvd, Sarasota, FL 34240
      View Details
    • $2,416 /Mo
      1,100 SF

      Sarasota Office Space Available

      Office space with dedicated entrance, ample parking, and flexible options.
      2063 Main St, Sarasota, FL 34237
      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 Ave, Sarasota, FL 34231
      View Details
    • $900 /Mo
      1,525 SF

      Downtown Sarasota Office Space

      Historic bungalow with private offices, shared amenities, and on-site parking.
      1267 2Nd St, Sarasota, FL 34236
      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 Rd, Sarasota, FL 34238
      View Details
    • Sponsored
      Contact for pricing

      FL, Sarasota - Lakewood Ranch

      Flexible workspace in IL, Hoffman Estates - Prairie Stone Pkwy
      6901 Professional Pkwy, Sarasota, FL 34240
      View Details

    FAQs

    What type of property is this?
    Retail property - Downtown Sarasota Mixed-Use Development
    Where is this retail property located?
    The property is located at 1991 Main St Sarasota, FL.
    What is the lease rate?
    The lease rate is $40-$55 SF/Yr.
    What are key features of this property?
    This property features: Class A, 55,000 SF mixed-use retail space in a new development.; Two 10-story buildings with 5 available retail spaces ranging from 1,500 to 22,000 contiguous SF.; Located in Sarasota County's Central Business District, at the intersection of US-301/Washington Blvd and Fruitville Rd, with frontage on Main Street and Links Avenue.
    (941) 724-2321 Call to check price and availability
    Request Owner's contact information
    1991 Main St Sarasota, FL 34236
    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.
    1991 Main St
    Sarasota, FL 34236
    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
    1991 Main St Sarasota, FL 34236
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin L Robbins
    Kevin L Robbins
    Real Estate License ID: SL3042951
    (941) 724-2321 (941) 924-8346
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!