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    1775 Fruitville Rd Sarasota, FL 34236

    • Commercial real estate
    For Sale
    View listing
    $4,080,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1979331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Breakly Co. / Bait Shop

    Property Details for 1775 Fruitville Rd

    Property type
    Commercial real estate
    APN
    2026-15-0011

    Description

    This exceptional development opportunity encompasses seven parcels strategically located at the intersection of Fruitville Road, Osprey Avenue, and 4th Street in Sarasota, Florida. The property, identified by APN 2026-15-0011, is zoned DTE, offering significant potential for a multifamily development project. The asking price for the entire assemblage is $4,080,000. The seller is offering flexibility, allowing for the purchase of the Fruitville Road frontage or the 4th Street frontage separately, providing buyers with options to suit their specific needs and investment strategies. This presents a unique chance to acquire a substantial land holding in a high-demand area of Sarasota County, Florida, with excellent access to major roadways and amenities. The property's location in the 34236 zip code offers convenient access to Sarasota's vibrant downtown area, beaches, and other attractions. The absence of existing units on the site allows for complete design control and the creation of a modern, high-quality multifamily development. This is an ideal opportunity for developers seeking to capitalize on Sarasota's thriving real estate market. Further due diligence is recommended to fully explore the development potential of this significant land parcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5346301
    Latitude
    27.3390848

    Comparable in this City

    • Contact for pricing
      0.33 Acres

      Downtown Sarasota Land Assemblage

      .33-acre Multi-Family Development Site
      1400 Fruitville Rd, Sarasota, FL 34236
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    • $1,700,000
      4,402 SF

      Downtown Sarasota 5-Unit Apartment

      Turnkey 5plex, prime location, high ROI.
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    • $1,600,000
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      Lido Key Income-Producing Portfolio

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      0.36 Acres

      Development Opportunity in Rosemary District

      Permitted for 18-unit condos in a thriving location.
      711 N Orange Ave, Sarasota, FL 34236
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    • $1,299,999
      2,958 SF

      Downtown Sarasota Five-Unit Apartment Complex

      Five-unit apartment complex in downtown Sarasota with development potential.
      503 N Osprey Ave, Sarasota, FL 34236
      View Details
    • $600,000
      Pending

      Unique Triplex in Laurel Park

      Triplex in Laurel Park neighborhood, close to downtown and Sarasota Bay.
      1825 Hawkins Ct, Sarasota, FL 34236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.33 Acres

      Downtown Sarasota Land Assemblage

      .33-acre Multi-Family Development Site
      1400 Fruitville Rd, Sarasota, FL 34236
      View Details
    • $1,700,000
      4,402 SF

      Downtown Sarasota 5-Unit Apartment

      Turnkey 5plex, prime location, high ROI.
      1236 13Th St, Sarasota, FL 34236
      View Details
    • $1,600,000
      294 SF

      Lido Key Income-Producing Portfolio

      Turnkey short-term rental portfolio on South Lido Key.
      170 Roosevelt Dr, Sarasota, FL 34236
      View Details
    • $3,899,000
      0.36 Acres

      Development Opportunity in Rosemary District

      Permitted for 18-unit condos in a thriving location.
      711 N Orange Ave, Sarasota, FL 34236
      View Details
    • $1,299,999
      2,958 SF

      Downtown Sarasota Five-Unit Apartment Complex

      Five-unit apartment complex in downtown Sarasota with development potential.
      503 N Osprey Ave, Sarasota, FL 34236
      View Details
    • $600,000
      Pending

      Unique Triplex in Laurel Park

      Triplex in Laurel Park neighborhood, close to downtown and Sarasota Bay.
      1825 Hawkins Ct, Sarasota, FL 34236
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
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      50 Central Ave, Sarasota, FL 34236
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    • $14 SF/Yr
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      Functional Industrial Space For Lease

      Suites ideal for light industrial, contractors, and office-warehouse operations.
      1350 Central Ave, Sarasota, FL 34236
      View Details
    • $20 SF/Yr
      1,580 SF

      Downtown Sarasota Bungalow Office Space

      Charming 1923 bungalow office near downtown Sarasota for rent.
      535 Lafayette Ct, Sarasota, FL 34236
      View Details
    • $14 SF/Yr
      5,000 SF

      Downtown Sarasota Second Floor Office

      5,000 SF office space with parking in downtown Sarasota.
      1549 State St, Sarasota, FL 34236
      View Details
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    1775 Fruitville Rd
    Sarasota, FL 34236
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    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
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