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Property profile & analytics
FOR SALE
Drive through restaurants
3155 Clark Rd Sarasota, FL 34231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5560308
For Sale
1 / 11
Contact for pricing
3155 Clark Rd, Sarasota, FL 34231
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Property summary
AI-generated overview
This exceptional 2,531-square-foot retail or restaurant space is ideally situated at the highly visible intersection of Clark Road and South Lockwood Ridge Road in Sarasota, Florida. Boasting over 40,000 cars passing daily, this property offers unparalleled exposure for any business. The building, constructed in 1957, sits on a 0.39-acre lot and includes 10 convenient parking spaces for customers. Currently configured as a quick-service restaurant with a drive-thru lane, this space presents a significant advantage for food-related businesses seeking a rapid and cost-effective entry into the market. The existing build-out minimizes upfront capital expenditures, allowing for a quicker launch and return on investment. The property is zoned CG within Sarasota County (zip code 34231) and is offered as a single-tenant occupancy. The entire 2,531 square feet is currently vacant, providing a blank canvas for a new tenant to customize to their specific needs. This prime location and existing infrastructure make this an exceptional opportunity for a business seeking high visibility and immediate occupancy in a thriving Sarasota market.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,287 SF
Lot
0.39 ac (16,958 SF)
Zoning code
CG
APN
0088-14-0001
UPID
US18-5560308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Evie's on the Run Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$970k
Owner & transaction history
Evies On The Run LLC · 4 yrs held
Evies On The Run LLC
since 2021
Last sale
$760,000
2 recorded transactions
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CG district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial General
General category
COMMERCIAL
Zone area
54.76 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$905,000
+13.1%
Commercial (general)
$895,000
+12.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,095,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$800,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $760k (Dec 27 2021)
Last sale anchor
$760k
Dec 27 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$754 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,767
Tax year 2023
Assessed value
$754,000
Assessed 2023
Previous assessed
$550,100
+37.1% YoY
Effective rate
0.37%
On assessed value
Assessed land
$500,500
Assessed improvement
$253,500
Land market value
$500,500
Improvement market value
$253,500
Total market value
$754,000
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
3
Total area
1,287 SF
Lot
0.39 ac (16,958 SF)
Zoning code
CG
APN
0088-14-0001
UPID
US18-5560308
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FLZoning CG · permitted uses
CG · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the CG district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial General
General category
COMMERCIAL
Zone area
54.76 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Evies On The Run LLC
Entity
Mailing address
5355 MCINTOSH RD STE F, SARASOTA, FL 34233-4400
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$760,000
Evies On The Run LLC
Sun Haven Mini Mart LLC
Warranty Deed
$945,000 · Servisfirst Bank
Jun 18, 1999
$352,500
Sun Haven Mini Mart LLC
Billingsley,ronald C & Marilyn L
Grant Deed
$1,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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