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    Property profile & analytics

    3603 Clark Rd, Unit 18 Sarasota, FL 34233-2316

    • Retail space
    • 972 SF
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    4.8%
    Retail space
    Location Intelligence
    Property ID
    US18-3966029
    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

    • Nick Sundstrom Tattoos / Tattoo Shop
    • Nurse Holly Aesthetics / Medical Spa
    • Maven & Mane Salon / Beauty Salon / Beautician

    Property Details for 3603 Clark Rd

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    972 SF
    Zone code
    CI
    Property type
    Retail space
    APN
    0090-13-1018
    APU
    90131018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $267,000
      Market price range: $232k - $655k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $385,000
      Current use
      AUTO REPAIR, GARAGE
      $425,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.497
    Latitude
    27.27
    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
    $1,744
    $0.00
    $124,000
    $124,000
    -
    $0.00
    $124,000
    $124,000

    Comparable in this City

    • Value Estimation
      $565,000
      8,110 SF

      4511 Bee Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,110 SF
      4511 Bee Rdg Rd, Sarasota, FL 34233-2517
      View Details
    • Value Estimation
      $290,000
      1,072 SF

      5775 Beneva Rd, Unit 13

      RETAIL STORES (PERSONAL SERVICES) • 1,072 SF
      5775 Beneva Rd, Sarasota, FL 34233-4105
      View Details
    • Value Estimation
      $1,470,000
      15,728 SF

      5800 Bee Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,728 SF
      5800 Bee Rdg Rd, Sarasota, FL 34233-5067
      View Details
    • Value Estimation
      $350,000
      1,092 SF

      3900 Clark Rd, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      3900 Clark Rd, Sarasota, FL 34233-2301
      View Details
    • Value Estimation
      $355,000
      1,376 SF

      5755 Beneva Rd, Unit 3

      RETAIL STORES (PERSONAL SERVICES) • 1,376 SF
      5755 Beneva Rd, Sarasota, FL 34233-4105
      View Details
    • Value Estimation
      $625,000
      2,570 SF

      5191 Clark Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,570 SF
      5191 Clark Rd, Sarasota, FL 34233-3213
      View Details

    Similar Nearby for Sale

    • $1,900,000
      4,185 SF

      Sarasota Auto Shop Investment

      NNN Lease, High Occupancy, Prime Location
      3939 Clark Rd, Sarasota, FL 34233
      View Details
    • $2,299,000

      Turnkey Bar Opportunity For Sale

      Established bar with real estate, license, and billboard included.
      4459 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $3,690,000
      52,041 SF

      Visible Commercial Property on Clark

      Highly visible 1.2-acre property with two buildings on site.
      4343 Clark Rd, Sarasota, FL 34233
      View Details
    • $7,950,000
      19,088 SF

      Sarasota Commercial Property Package

      Three parcels totaling over 90,000 SF in Sarasota.
      4000 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $456,000
      2,124 SF

      Sarasota Medical Office Building

      Prime Sarasota medical office, 2124 sq ft.
      3982 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $1,850,000
      7,400 SF

      Sarasota, FL 34233

      Industrial properties • 7,400 SF
      Sarasota, FL 34233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,363 SF

      Expo On Clark: Sarasota Retail Space

      Prime Sarasota retail, multiple units available.
      4001 Clark Rd, Sarasota, FL 34233
      View Details
    • $40 SF/Yr
      2,311 SF

      Renovated Retail Space on Clark

      Corner retail unit available for lease on Clark Road.
      4107 Clark Rd, Sarasota, FL 34233
      View Details
    • $17 SF/Yr
      2,000 SF

      Retail Space on Bee Ridge

      Commercial space suitable for a variety of retail uses.
      4515 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $20 SF/Yr
      1,550 SF

      Retail Space on Bee Ridge

      Retail space with showroom and natural light for lease.
      4084-4116 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • Contact for pricing
      2,520 SF

      Retail Space in Sarasota Corridor

      Centrally located retail space with high visibility and accessibility.
      4016-5868 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $40 SF/Yr
      2,500 SF

      New Retail Development For Lease

      New retail development ideal for diverse businesses near I-75.
      6551 Bee Ridge Rd, Sarasota, FL 34233
      View Details
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    3603 Clark Rd, Unit 18
    Sarasota, FL 34233-2316
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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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