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    3829 Clark Rd Sarasota, FL 34233-2362
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    Property profile & analytics

    3829 Clark Rd Sarasota, FL 34233-2362

    View on Map
    • Retail space
    • 3,570 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US18-3447000
    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
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Classic Flooring And Design / Carpet & Flooring Store / Hardware & Home Improvement
    • A I H Custom Window Treatments / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 3829 Clark Rd

    Year built
    1995
    Lot size
    0.28 lot acres
    Property size
    3,570 SF
    Zone code
    CG
    Property type
    Retail space
    APN
    0090-14-0023
    APU
    90140023

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $930,000
      6.5%
      $860,000
      7%
      $795,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $784,000
      Market price range: $288k - $1.06M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,410,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4929
    Latitude
    27.2696
    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
    $8,739
    $382,200
    $322,400
    $704,600
    -
    $382,200
    $322,400
    $704,600

    Comparable in this City

    • Value Estimation
      $2,530,000
      8,760 SF

      5200 Clark Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,760 SF
      5200 Clark Rd, Sarasota, FL 34233-3225
      View Details
    • Value Estimation by Request
      912 SF

      3607 Clark Rd, Unit 19

      RETAIL STORES (PERSONAL SERVICES) • 912 SF
      3607 Clark Rd, Sarasota, FL 34233-2316
      View Details
    • Value Estimation by Request
      1,050 SF

      5777 Beneva Rd, Unit 14

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      5777 Beneva Rd, Sarasota, FL 34233-4105
      View Details
    • Value Estimation
      $2,570,000
      11,075 SF

      5802 Bee Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,075 SF
      5802 Bee Rdg Rd, Sarasota, FL 34233-5069
      View Details
    • Value Estimation
      $540,000
      2,240 SF

      4631 Bee Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      4631 Bee Rdg Rd, Sarasota, FL 34233-1413
      View Details
    • Value Estimation by Request
      1,600 SF

      4225 Bee Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      4225 Bee Rdg Rd, Sarasota, FL 34233-2564
      View Details

    Similar Nearby for Sale

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      1,350 SF

      Commercial Condo on Bee Ridge

      1,350 SF office/retail condo with excellent visibility and parking.
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      4,185 SF

      Freestanding NNN Leased Investment Property

      NNN leased investment property on a busy commercial corridor.
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      Turnkey Bar Opportunity For Sale

      Established bar with real estate, license, and billboard included.
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      9,750 SF

      Air-Conditioned Warehouse with Showroom/Office

      6,300 SF air-conditioned warehouse with showroom/office space for rent.
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    • Contact for pricing
      1,152 SF

      Luxury Garage Condominiums For Sale

      Private garage community designed for the high-end automotive lifestyle.
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      8,000 SF

      Warehouse Flex Space For Sale

      Two side-by-side warehouse flex spaces suitable for automotive use.
      1234 Sawyer Rd, Sarasota, FL 34233
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Bee Ridge

      Commercial space suitable for a variety of retail uses.
      4511-4517 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • Contact for pricing
      1,260 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
    • $33 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
    • $20 SF/Yr

      Retail Space on Bee Ridge

      Corner retail space with high visibility and natural light.
      4100 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $17 SF/Yr

      Retail/Office Center Near I-75

      Well-maintained retail/office center with high visibility and ample parking.
      5736 Clark Rd, Sarasota, FL 34233
      View Details
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    3829 Clark Rd
    Sarasota, FL 34233-2362
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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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