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    Property profile & analytics

    3131 Clark Rd Sarasota, FL 34231-7320

    • Office buildings
    • 6,589 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $1,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4621474
    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

    • Dr. N. Hanna, MD. Sarasota Primary Care, LLC / Medical Clinic
    • Sarasota Primary Care, Dr. Nadia Hanna, MD / Pediatrician / Physician
    • Cielos Abiertos Ministries / Church
    • Nadia Fawzy Sarasota Primary Care / Pediatrician / Physician
    • LMB Outdoors / Furniture & Home Goods / Hardware & Home Improvement

    Property Details for 3131 Clark Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.39 lot acres
    Property size
    6,589 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    0088-14-0014
    APU
    88140014

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,710,000
      6.5%
      $1,575,000
      7%
      $1,465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,035,000
      Market price range: $1.70M - $3.33M
      AI Estimate
      $1,662,000
      Market price range: $1.05M - $2.40M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,050,000
      Current use
      AUTO REPAIR, GARAGE
      $2,895,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $2,620,000
      Change: +28% Conversion: Easy
      RETAIL STORES
      $2,300,000
      Change: +12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5065
    Latitude
    27.2697
    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
    $13,655
    $496,700
    $647,600
    $1,144,300
    -
    $496,700
    $647,600
    $1,144,300

    Comparable in this City

    • Value Estimation by Request
      1,872 SF

      1909 Baywood Dr

      OFFICE BUILDING • 1,872 SF
      1909 Baywood Dr, Sarasota, FL 34231-4716
      View Details
    • Value Estimation
      $1,695,000
      6,034 SF

      7129 Curtiss Ave

      PROFESSIONAL BUILDING • 6,034 SF
      7129 Curtiss Ave, Sarasota, FL 34231-8080
      View Details
    • Value Estimation
      $1,775,000
      4,792 SF

      6331 Tamiami Trl

      PROFESSIONAL BUILDING • 4,792 SF
      6331 Tamiami Trl, Sarasota, FL 34231-3917
      View Details
    • Value Estimation
      $515,000
      1,640 SF

      1730 Stickney Pt Rd

      OFFICE BUILDING • 1,640 SF
      1730 Stickney Pt Rd, Sarasota, FL 34231-8845
      View Details
    • Value Estimation
      $545,000
      2,295 SF

      2112 Constitution Blvd

      PROFESSIONAL BUILDING • 2,295 SF
      2112 Constitution Blvd, Sarasota, FL 34231-4146
      View Details
    • Value Estimation by Request
      2,880 SF

      6565 Gtwy Ave

      OFFICE BUILDING • 2,880 SF
      6565 Gtwy Ave, Sarasota, FL 34231-5863
      View Details

    Similar Nearby for Sale

    • $2,200,000
      11,498 SF

      Office Building For Sale

      Office building with 11,498 square feet of space.
      3307 Clark Rd, Sarasota, FL 34231
      View Details
    • $399,000
      1,200 SF

      Sarasota Office Investment Opportunity

      Leased office space near Siesta Key and US 41.
      2477 Stickney Point Rd, Sarasota, FL 34231
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    • $899,000

      Turnkey Urgent Care Facility

      Established medical practice and real estate for sale on Tamiami Trail.
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    • $315,000
      1,410 SF

      Renovated Office Condo Near Marina

      Newly renovated 1,410 SF office condo near retail and dining.
      7737 Holiday Dr, Sarasota, FL 34231
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    • Contact for pricing
      2,268 SF

      Professional Office Park Condominium

      Divisible commercial condominium in a professional office park setting.
      7085-7085 S Tamiami Trl, Sarasota, FL 34231
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    Similar Nearby for Lease

    • Contact for pricing
      7,408 SF

      Clark Road Office Building For Rent

      Single-story office building with frontage on Clark Road.
      3355 Clark Rd, Sarasota, FL 34231
      View Details
    • $4,500 /Mo
      3,589 SF

      Freestanding Commercial Building in Sarasota

      3,589 SF freestanding commercial building in Sarasota's Gulf Gate.
      2011 Bispham Rd, 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
    • Contact for pricing

      Renovated Office Unit For Rent

      Renovated office unit with functional layout and high visibility.
      2477 Stickney Point Rd, Sarasota, FL 34231
      View Details
    • Contact for pricing

      Executive Office Space For Lease

      Executive office space with shared common areas and receptionist.
      2100 Constitution Blvd, Sarasota, FL 34231
      View Details
    • Contact for pricing

      First-Floor Office Space Available

      First-floor office space available in high-traffic corridor.
      7222 S Tamiami Trl, Sarasota, FL 34231
      View Details
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    3131 Clark Rd
    Sarasota, FL 34231-7320
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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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