Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2080 Constitution Blvd Sarasota, FL 34231-4109

    • Retail space
    • 3,344 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1162766
    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

    • Retail space

    Property Details for 2080 Constitution Blvd

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    3,344 SF
    Zone code
    CN
    Property type
    Retail space
    APN
    0086-13-0005
    APU
    86130005

    Description

    This 3,344 square foot vacant retail building, located at 2080 Constitution Blvd in Sarasota, Florida (zip code 34231), is offered at $795,000 ($237.74/sq ft). Built in 1977, the single-story structure sits on a single lot and features 12 parking spaces. Previously occupied by an Italian market, the property boasts a triple compartment sink, multiple deli coolers, some remaining deli equipment, an exhaust hood with Ansul system, grease trap, walk-in freezer and cooler, a few offices, and two bathrooms. Additional storage or expansion space is available in the rear, along with a front patio. The building is zoned Commercial Neighborhood (CN), offering a wide range of potential uses. Permitted uses under the CN zoning may include, but are not limited to, live/work spaces, group living facilities, daycare centers, pet grooming businesses, places of worship, bars, and lodges. This property presents a unique opportunity for investors and entrepreneurs seeking a versatile commercial space in a desirable Sarasota location. The property's history as a successful Italian market provides a strong foundation for a variety of future ventures. The ample parking and convenient location further enhance its appeal. This is a prime opportunity to acquire a well-situated commercial property with significant redevelopment potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $385,000
      6.5%
      $420,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $475,000
      Mixed-Use
      $425,000
      Hospitality
      $450,000
      Educational
      $485,000
      Residential Income
      $375,000
      Energy
      $405,000
      Income-Based Land
      $365,000
      Food Service
      $380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.529
    Latitude
    27.2696
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,369
    $230,100
    $318,100
    $548,200
    -
    $230,100
    $318,100
    $548,200

    Comparable in this City

    • Value Estimation by Request
      468 SF

      1512 Stickney Pt Rd, Unit 404

      RETAIL STORES (PERSONAL SERVICES) • 468 SF
      1512 Stickney Pt Rd, Sarasota, FL 34231-3718
      View Details
    • Value Estimation by Request
      20,769 SF

      4227 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 20,769 SF
      4227 Tamiami Trl, Sarasota, FL 34231-3627
      View Details
    • Value Estimation by Request
      6,619 SF

      4321 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 6,619 SF
      4321 Tamiami Trl, Sarasota, FL 34231-3451
      View Details
    • Value Estimation by Request
      11,770 SF

      6326 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 11,770 SF
      6326 Tamiami Trl, Sarasota, FL 34231-3935
      View Details
    • Value Estimation
      $710,000
      2,220 SF

      6060 Casti Ct, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      6060 Casti Ct, Sarasota, FL 34231-3909
      View Details
    • Value Estimation
      $295,000
      918 SF

      6608 Gtwy Ave

      RETAIL STORES (PERSONAL SERVICES) • 918 SF
      6608 Gtwy Ave, Sarasota, FL 34231-5806
      View Details

    Similar Nearby for Sale

    • $2,195,000
      2,808 SF

      Sarasota Retail Building Investment

      NNN Leased Corner Store, High Traffic
      4300 Tamiami Trl, Sarasota, FL 34231
      View Details
    • $1,129,000
      3,014 SF

      Versatile Flex Space in Sarasota

      Adaptable commercial property with office, retail, and storage capabilities.
      2072 Constitution Blvd, Sarasota, FL 34231
      View Details
    • $3,995,000

      Leased Retail Plaza Near Siesta

      Fully leased retail plaza with value-add potential near Siesta.
      7119 South Tamiami Trl, Sarasota, FL 34231
      View Details
    • $1,400,000
      2,531 SF

      Sarasota Restaurant - Prime Location

      Profitable Restaurant Space, Vacant, Sarasota
      3155 Clark Rd, Sarasota, FL 34231
      View Details
    • $2,186,900
      30,035 SF

      Sarasota Retail and Restaurant Opportunity

      Prime retail location with future development possibilities in Sarasota.
      4413 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $1,650,000
      Pending

      Corner Commercial Property Near Siesta Key

      Corner commercial property near Siesta Key, suitable for restaurant.
      6200 S Tamiami Trl, Sarasota, FL 34231
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,000 SF

      Retail Space on Tamiami Trail

      2,000 SF retail space with high visibility.
      3908 S Tamiami Trl, Sarasota, FL 34231
      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
    • $35 SF/Yr
      2,100 SF

      Retail Space in Chili’s Plaza

      Retail space available in high-traffic Sarasota location.
      4141 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • Contact for pricing
      1,507 SF

      Retail Space on Tamiami Trail

      Retail space available in Sarasota near Siesta Key.
      6583-1 South Tamiami Trl, Sarasota, FL 34231
      View Details
    • Contact for pricing
      3,900 SF

      Retail Space on Tamiami Trail

      Commercial space for lease with high visibility and ample parking.
      5201 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $22 SF/Yr
      1,000 SF

      Sarasota Retail Space on Trail

      Highly visible 1,000 SF commercial space on S Tamiami Trail.
      7507 S Tamiami Trl, Sarasota, FL 34231
      View Details
    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.
    2080 Constitution Blvd
    Sarasota, FL 34231-4109
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.