Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3605 Lockwood Rdg Rd Sarasota, FL 34234-6535
    Property profile & analytics

    3605 Lockwood Rdg Rd, Sarasota, FL 34234-6535

    View on Map
    • Grocery and convenience stores
    • 2,100 SF
    • 0.84 lot acres
    Off-Market
    Last Sale Jul 5, 2022
    Property ID
    US18-8982662
    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

    • Lockwood Bp inc / Gas Station
    • ATM / Atm
    • LibertyX Bitcoin ATM / Atm
    • Marathon / Gas Station
    • Tacos La Casita / Restaurant

    Property Details for 3605 Lockwood Rdg Rd

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Zone code
    CG
    Property type
    Grocery and convenience stores
    APN
    0030-03-0003
    APU
    30030003

    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
    -82.5061
    Latitude
    27.3667
    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
    $12,622
    $690,400
    $259,200
    $949,600
    -
    $690,400
    $259,200
    $949,600

    Comparable in this City

    • Value Estimation
      $1,240,000
      6,081 SF

      3703 Washington Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      3703 Washington Blvd, Sarasota, FL 34234-4832
      View Details
    • Value Estimation
      $1,840,000
      2,711 SF

      5445 Washington Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      5445 Washington Blvd, Sarasota, FL 34234-4136
      View Details
    • Value Estimation by Request
      2,638 SF

      5420 Lockwood Rdg Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      5420 Lockwood Rdg Rd, Sarasota, FL 34234-3302
      View Details
    • Value Estimation by Request
      2,204 SF

      4132 Tamiami Trl

      CONVENIENCE STORE
      4132 Tamiami Trl, Sarasota, FL 34234-4318
      View Details
    • Value Estimation by Request
      1,548 SF

      1993 Dr Martin Luther King Way

      CONVENIENCE STORE
      1993 Dr Martin Luther King Way, Sarasota, FL 34234-2522
      View Details
    • Value Estimation
      $605,000
      4,100 SF

      2000 Washington Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      2000 Washington Blvd, Sarasota, FL 34234-7579
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,697 SF

      Industrial Building with Showroom/Office Space

      Free-standing industrial building with showroom and office space for sale.
      4444 N Washington Blvd, Sarasota, FL 34234
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Retail Building in Sarasota

      Retail building for sublease with excellent visibility and parking.
      2128 N Washington Blvd, Sarasota, FL 34234
      View Details
    • Contact for pricing
      3,000 SF

      Restaurant Space on Tamiami Trail

      Restaurant property for lease on a high-traffic corner lot.
      4195 N Tamiami Trl, Sarasota, FL 34234
      View Details
    • Contact for pricing
      Pending

      Retail/Office Building with Workshop

      Freestanding retail/office building with workshop space in Sarasota.
      2430 17Th Street Cir, Sarasota, FL 34234
      View Details
    • Contact for pricing
      13,942 SF

      North Tamiami Trail Redevelopment Site

      2.14+ acre redevelopment site with high-density residential potential.
      3808 N Tamiami Trl, Sarasota, FL 34234
      View Details
    • Contact for pricing
      22,000 SF

      22,000 SF Building on 1.65 Acres

      22,000 SF building on 1.65 acres with ample parking.
      3935 N Washington Blvd, Sarasota, FL 34234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space on Washington Blvd

      Retail space with high exposure and customizable layout available for lease.
      4054 N Washington Blvd, Sarasota, FL 34234
      View Details
    • Contact for pricing
      825 SF

      Retail Space in Indian Beach

      Retail spaces available in the heart of the College District.
      2801-2811 N Tamiami Trl, Sarasota, FL 34234
      View Details
    • $17 SF/Yr

      Sarasota Commercial Property For Lease

      7,000 SF commercial space in Sarasota, FL for lease.
      1876 17Th St, Sarasota, FL 34234
      View Details
    • Contact for pricing

      Versatile Freestanding Building on Tamiami Trail

      Adaptable two-story building suitable for retail, office, medical, restaurant.
      3808 N Tamiami Trl, Sarasota, FL 34234
      View Details
    • Contact for pricing

      Functional Flex Space For Lease

      1,075 SF flex space in established commercial corridor.
      1748 Independence Blvd, Sarasota, FL 34234
      View Details
    • Contact for pricing
      1,440 SF

      Office Space Available for Rent

      Office space with large workrooms available for immediate occupancy.
      4152 Independence Ct, Sarasota, FL 34234
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3605 Lockwood Rdg Rd
    Sarasota, FL 34234-6535
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3605 Lockwood Rdg Rd, Sarasota, FL, 34234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!