Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    365 Sarasota Ctr Blvd, Unit 1 Sarasota, FL 34240-9302

    • Industrial properties
    • 1,512 SF
    OFF-MARKET
    Last Sale
    Dec 10, 2020
    $1,000,000
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6038200
    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

    • Green Apple Catering / Take-out & Catering / Catering Service
    • Black Hawk Logistics, Inc / Freight Service / Logistics Company
    • Key 2 Pest Control, Inc. / Garden Center

    Property Details for 365 Sarasota Ctr Blvd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,512 SF
    Zone code
    PID
    Property type
    Industrial properties
    APN
    0210-10-1001
    APU
    210101001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,060,000
      COMMERCIAL (GENERAL)
      $1,055,000
      AUTO REPAIR, GARAGE
      $665,000
      MEDICAL BUILDING
      $600,000
      RETAIL STORES
      $595,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4044
    Latitude
    27.345
    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
    $2,205
    $0.00
    $160,600
    $160,600
    -
    $0.00
    $160,600
    $160,600

    Comparable in this City

    • Value Estimation by Request
      24.52 Acres

      1333 Sarasota Ctr Blvd

      COMMON AREA (INDUSTRIAL) • 24.52 Acres
      1333 Sarasota Ctr Blvd, Sarasota, FL 34240-7852
      View Details
    • Value Estimation by Request

      6311 Porter Rd

      Flex space
      6311 Porter Rd, Sarasota, FL 34240
      View Details
    • Value Estimation
      $595,000
      1,000 SF

      2555 Porter Lk Dr Ste, Unit 112

      CONDOMINIUMS (INDUSTRIAL) • 1,000 SF
      2555 Porter Lk Dr Ste, Sarasota, FL 34240-7865
      View Details
    • Value Estimation by Request
      1,131 SF

      2341 Porter Lk Dr, Unit 203

      CONDOMINIUMS (INDUSTRIAL) • 1,131 SF
      2341 Porter Lk Dr, Sarasota, FL 34240-7831
      View Details
    • Value Estimation by Request
      1,667 SF

      6321 Porter Rd Ste, Unit 4

      CONDOMINIUMS (INDUSTRIAL) • 1,667 SF
      6321 Porter Rd Ste, Sarasota, FL 34240-9611
      View Details
    • Value Estimation by Request
      1,909 SF

      6341 Porter Rd Ste, Unit 7

      CONDOMINIUMS (INDUSTRIAL) • 1,909 SF
      6341 Porter Rd Ste, Sarasota, FL 34240-9610
      View Details

    Similar Nearby for Sale

    • $8,940,000
      12.56 Acres

      Sarasota Industrial Land Opportunity

      12.56 Acres, Prime Location, Priced to Sell
      7952 Fruitville Rd, Sarasota, FL 34240
      View Details
    • $7,250,000

      Lakewood Ranch Office/Flex Building

      Office/Flex building with security and comfort features, available 2026.
      6851 Professional Pkwy, Lakewood Ranch, FL 34240
      View Details
    • $3,250,000

      Sarasota Warehouse Near Interstate 75

      15,000 SF warehouse on 1 acre near I-75.
      215 Interstate Blvd, Sarasota, FL 34240
      View Details
    • $2,500,000
      6,000 SF

      Sarasota Warehouse - $2.5M

      6,000 SF Warehouse, Lakefront Lot
      263 Field End St, Sarasota, FL 34240
      View Details
    • Contact for pricing
      9,001 SF

      Freestanding Warehouse Investment Opportunity

      Fully leased warehouse building with three units in Eastern Industrial Park.
      1598-1598 Apex Rd, Sarasota, FL 34240
      View Details
    • $3,250,000
      14,997 SF

      High-Clearance Warehouse with Office Space

      15,000 SF warehouse with 2,000 SF office, excellent I-75 visibility.
      215 Interstate Blvd, Sarasota, FL 34240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Office/Warehouse Space Near Fruitville

      Office/warehouse space with easy I-75 access, suitable for industrial use.
      2147 Porter Lake Dr, Sarasota, FL 34240
      View Details
    • $20 SF/Yr
      3,700 SF

      Sarasota Flex Warehouse Space

      3,700± SF flex/warehouse space in prime business corridor.
      1501-1511 Sarasota Center Blvd, Sarasota, FL 34240
      View Details
    • Sponsored
      New
      Contact for pricing

      FL, Sarasota - Lakewood Ranch

      Flexible workspace in IL, Hoffman Estates - Prairie Stone Pkwy
      6901 Professional Pkwy, Sarasota, FL 34240
      View Details
    • Contact for pricing
      1,320 SF

      Upgraded Flex Space Available

      Flex space with upgraded office, warehouse, and ample parking.
      1151-1215 Sarasota Center Blvd, Sarasota, FL 34240
      View Details
    • $4,000 /Mo
      1,625 SF

      Office/Warehouse Flex Unit For Rent

      Versatile flex unit with office, warehouse, and convenient access.
      2555 Porter Lake Dr, Sarasota, FL 34240
      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.
    365 Sarasota Ctr Blvd, Unit 1
    Sarasota, FL 34240-9302
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!