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    3593-3599 Webber St Sarasota, FL 34239

    Sponsored
    For Sale
    $1,449,000

    High-yield retail investment, prime Sarasota location

    Property size:
    5,791 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5-unit, 5,791 square foot shopping center in Sarasota, Florida, presents a compelling investment opportunity. Located at 3593-3599 Webber Street, 34239, this Class C retail property boasts a strong 6.82% capitalization rate and a substantial net operating income (NOI) of $98,800. Currently fully leased with five tenants under a modified lease structure, the property offers a stable income stream and significant growth potential. The asking price is $1,449,000, translating to $250.22 per square foot. The property is ideally suited for a 1031 exchange. Situated in a thriving commercial area experiencing significant growth, this investment promises a reliable return and future appreciation. The property benefits from professional management, ensuring smooth operations and high tenant satisfaction. This stabilized investment is a rare find in the competitive Sarasota market, offering a blend of immediate income and long-term growth prospects. The property's prime location and diverse tenancy make it an attractive asset for discerning investors seeking a secure and profitable addition to their portfolio. The property is professionally managed, ensuring smooth operations and tenant satisfaction.

    Property Features for 3593-3599 Webber St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,791 SF
    Class
    C

    Building Details

    Units
    5

    HighLights

    • 5‑unit, 5,791 SF shopping center in Sarasota, FL, offering a stable income stream.
    • Strong 6.82% capitalization rate and $98,800 NOI.
    • Fully leased with five tenants, providing a secure investment.
    • Prime location in a high‑growth area, promising future appreciation.
    • Professionally managed for smooth operations and high tenant satisfaction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.49766402354
    Latitude
    27.308832901447

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail investment, prime Sarasota location
    Where is this lifestyle center located?
    The property is located at 3593-3599 Webber St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: 5-unit, 5,791 SF shopping center in Sarasota, FL, offering a stable income stream.; Strong 6.82% capitalization rate and $98,800 NOI.; Fully leased with five tenants, providing a secure investment.
    Request Owner's contact information
    3593-3599 Webber St Sarasota, FL 34239
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    Sarasota, FL 34239
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    Realmo Value Estimation

    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.

    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.

    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
    3593-3599 Webber St Sarasota, FL 34239
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