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    Property profile & analytics

    3701 Bay Shr Rd Sarasota, FL 34234-5211

    • Amusement parks
    • 5,402 SF
    • 9.44 lot acres
    OFF-MARKET
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4733174
    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

    • Sarasota Jungle Gardens / Zoo / Botanical Garden

    Property Details for 3701 Bay Shr Rd

    Year built
    1973
    Lot size
    9.44 lot acres
    Property size
    5,402 SF
    Zone code
    RSFE
    Property type
    Amusement parks
    APN
    2004-14-0003
    APU
    2004140003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $801,000
      Market price range: $249k - $1.21M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $610,000
      Current use
      RESTAURANT
      $1,145,000
      Change: +87% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,090,000
      Change: +78% Conversion: Difficult
      OFFICE BUILDING
      $770,000
      Change: +25% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $760,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $695,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5563
    Latitude
    27.3678
    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
    $38,306
    $1,341,900
    $876,900
    $2,218,800
    -
    $1,341,900
    $876,900
    $2,218,800

    Comparable in this City

    • Value Estimation by Request
      5,624 SF

      3621 Bay Shr Rd

      AMUSEMENT PARK • 5,624 SF
      3621 Bay Shr Rd, Sarasota, FL 34234
      View Details
    • Value Estimation
      $725,000
      5,556 SF

      2121 Tamiami Trl

      AMUSEMENT PARK • 5,556 SF
      2121 Tamiami Trl, Sarasota, FL 34234-8344
      View Details
    • Value Estimation by Request
      724 SF

      3815 Tamiami Trl

      AMUSEMENT PARK • 724 SF
      3815 Tamiami Trl, Sarasota, FL 34234-5361
      View Details
    • Value Estimation
      $515,000
      2,240 SF

      2005 Tamiami Trl

      AMUSEMENT PARK • 2,240 SF
      2005 Tamiami Trl, Sarasota, FL 34234-8342
      View Details
    • Value Estimation
      $685,000
      10,538 SF

      2542 17th St

      RACE TRACK (AUTO, DOG, HORSE) • 10,538 SF
      2542 17th St, Sarasota, FL 34234-1905
      View Details
    • Value Estimation
      $530,000
      1,976 SF

      2525 17th St

      RACE TRACK (AUTO, DOG, HORSE) • 1,976 SF
      2525 17th St, Sarasota, FL 34234-1906
      View Details

    Similar Nearby for Sale

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      $65,000
      Pending

      Vacant Lot in Sarasota

      5,000 sq ft vacant lot in a developing area.
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      View Details
    • $150,000
      0.12 Acres

      Buildable Lot in Sarasota Neighborhood

      Rare opportunity to own a buildable lot near downtown Sarasota.
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    • $3,850,000
      13,942 SF

      Sarasota Mixed-Use Opportunity

      Prime Tamiami Trail location, 13,942 SF building, 2+ acres
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      View Details
    • $5,500,000
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      Waterfront Land in Sarasota Bay

      Rare waterfront homesite with boatable water access and stunning views.
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    • $410,000

      Sarasota Specialty Property Available

      Specialty property for sale in Sarasota, Florida.
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      Pending

      Sarasota Land Development Opportunity

      Multifamily development site near downtown and beaches.
      2154 Dr Martin Luther King Jr Way, Sarasota, FL 34234
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      600 SF

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      600 sq ft Flex Space in Sarasota
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      Downtown Sarasota Office Space

      Prime location, high visibility, 6,689 sq ft.
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    • $16 SF/Yr
      3,000 SF

      Air Conditioned Flex Space Available

      3000 SF flex space with warehouse and office/showroom.
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    • Contact for pricing
      3,223 SF

      Two-Story Medical Office Building

      3,223 SF medical office near Sarasota Memorial Hospital.
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      View Details
    • Contact for pricing
      19,702 SF

      Sarasota Warehouse Space Available

      Versatile space in Sarasota, FL, with ample parking.
      2230-2383 Industrial Blvd, Sarasota, FL 34234
      View Details
    • $12 SF/Yr
      1,260 SF

      Retail Space in Northgate Plaza

      Centrally located retail space with ample parking and signage.
      1901-1957 Northgate Blvd, Sarasota, FL 34234
      View Details
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    Sarasota, FL 34234-5211
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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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