3520-3524 Fruitville Rd, Sarasota, FL 34237
Exceptional investment opportunity: a fully leased, 7,928 square foot freestanding retail building situated at the southwest corner of Fruitville Road and Beneva Road within the Fruitville Forum Center in Sarasota, Florida. This Class B property boasts three units (2,500 SF, 1,500 SF, and 2,130 SF) currently operating at 100% occupancy with long-term tenants under leases that include base rent plus common area maintenance (CAM) charges. The building, constructed in 2008, is one of three buildings in a newly created land condominium. The property offers a compelling 6.38% capitalization rate and a net operating income (NOI) of $107,845, with an asking price of $1,690,000 ($213.17 per square foot). The property is zoned CN - COMMERCIAL, NEIGHBORHOOD, and is offered as a fee simple ownership. This is a core+ investment opportunity with strong tenant history and a desirable location. The property's address is 3520-3524 Fruitville Rd, Sarasota, FL 34237 (APN: 2031010002). This represents a rare chance to acquire a stable, high-performing retail asset in a thriving Sarasota market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.