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    1160 Four Seasons Cir Sarasota, FL 34234

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    1160 Four Seasons Cir Sarasota, FL 34234

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    • Retirement homes
    • 83,235 SF
    Off-Market
    Property ID
    US18-4909158
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bayou Oaks Apartments: 55+ community / Apartment Building

    Property Details for 1160 Four Seasons Cir

    Year built
    2000
    Property size
    83,235 SF
    Property type
    Retirement homes

    Description

    This exceptional 80-unit senior living apartment complex, Bayou Oaks Apartments, presents a compelling investment opportunity. Located at 1160 Four Seasons Circle, Sarasota, FL 34234, this property boasts 83,235 square feet of residential space situated on approximately 8.13 acres. Built in 2000, the complex currently enjoys a 96.3% occupancy rate. The average unit size is approximately 800 square feet. Offered at $8,500,000, this represents a price per unit of $106,250 and a 6.80% capitalization rate. Bayou Oaks is designated as LIHTC Senior Housing. The property benefits from its location in Sarasota, Florida, a region experiencing significant growth in its senior population, exceeding national averages. This robust demographic trend supports strong demand for senior living accommodations. Furthermore, rising median household incomes in the area contribute to potential rent growth, enhancing the property's long-term financial performance. The property's financial stability is further bolstered by the presence of Section 8 tenants, comprising 28% of the occupancy, ensuring reliable cash flow. Strategically located in C & D evacuation zones with buildings elevated 20 feet above sea level and retention ponds for drainage, Bayou Oaks offers enhanced protection and peace of mind. Its proximity to Sarasota Memorial Hospital and major thoroughfares like N Tamiami Trail provides residents with convenient access to healthcare and amenities. This property offers a unique blend of strong financial performance, desirable location, and inherent stability, making it an attractive investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5475888
    Latitude
    27.3774466

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    Similar Nearby for Sale

    • $259,000
      Pending

      Spacious End Unit Condo

      Large 3BR/2Bath condo in 55+ Rolling Green Golf Village.
      2621 Golf Course Dr, Sarasota, FL 34234
      View Details
    • $1,200,000
      1,520 SF

      Sarasota Multi-Family Investment Opportunity

      High-density potential, two-property bulk sale.
      916 46Th St, Sarasota, FL 34234
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    • $1,200,000
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      Sarasota Multi-Family Investment Opportunity

      High-density potential, three-building package.
      960 46Th St, Sarasota, FL 34234
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      Pending

      Sarasota Land in 55+ Community

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    • $949,000
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      Buildable Land Investment Opportunity

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      40Th St, Sarasota, FL 34234
      View Details
    • New
      $719,000
      1,704 SF

      Turn-Key Duplex in Sapphire Shores

      Income-producing duplex with recent renovations and strong rental history.
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      View Details

    Similar Nearby for Lease

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      Turn-Key Ambulatory Surgery Center

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      4,060 SF

      Retail Space on Tamiami Trail

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    Sarasota, FL 34234
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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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