Property profile

1818 Dr Martin Luther King Way Sarasota, FL 34234

OFF-MARKET
Retail space
Property ID
US18-4317930
1,120 SF 0.13 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,120 SF
Lot 0.13 ac (5,724 SF)
Zoning code CBN
APN 2024-01-0015
UPID US18-4317930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Restaurant

Location

1818 Dr Martin Luther King Way Sarasota, FL 34234-8645
Sarasota metro Census 300 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2023
Last sale
$210,000
1 recorded transaction
2023
$210,000

Zoning & alternative use

CBN · Sarasota, FL
Zoning description

CBN), Urban Mixed-Use zone districts, Housing Authority Overlay District (HAOD), and North Trail Overlay District (NTOD) and require a permit; and Revise how height of objects greater than 30 inches are measured within t…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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