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    Property profile & analytics

    3866 Clover Ln Sarasota, FL 34233

    • Office space
    • 6,600 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9579713
    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

    • Office space

    Property Details for 3866 Clover Ln

    Year built
    2025
    Lot size
    0.37 lot acres
    Property size
    6,600 SF
    Property type
    Office space

    Description

    This exceptional Class A creative office building, located at 3866 Clover Ln, Sarasota, FL 34233, presents a unique investment opportunity. Completed in 2025, the property sits on a 0.37-acre lot and offers a total of 6,600 square feet of versatile space. The building is ideally suited for a variety of uses, including high-end storage and display of valuable assets. The design incorporates four separate 1,650 square foot units, or can be utilized as a single 6,600 square foot space. Each unit features a luxurious mezzanine level complete with a bar, TV, and lounge area, providing a comfortable space to appreciate the stored items. Additional amenities include a bathroom, a small office, and a hydraulic lift. Optional upgrades such as a steam room, sauna, or cold tub are also available. The property's prime location in Sarasota County offers convenient access to Siesta Key, providing a secure and easily accessible location for valuable collections. The asking price for this exceptional property is $2,310,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.492175
    Latitude
    27.2699914

    Comparable in this City

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    Similar Nearby for Sale

    • $800,000
      2,314 SF

      Sarasota Class A Office Condo

      Professional office condo near US-41 and I-75.
      5725 Lawton Dr, Sarasota, FL 34233
      View Details
    • $449,000
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      Commercial Office/Retail Condo on Bee Ridge

      1,350 SF commercial condo with frontage on Bee Ridge Road.
      4509 Bee Ridge Road Ext, Sarasota, FL 34233
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    • $1,225,000
      4,176 SF

      Daycare Investment Property For Sale

      Fully occupied daycare property with long-term lease and stable income.
      5745 Rosin Way, 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
    • $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
    • Contact for pricing
      164,677 SF

      Medical Office Building Portfolio

      Nine-building medical office portfolio in rapidly growing Southwest Florida.
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      View Details

    Similar Nearby for Lease

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      Office Space on Bee Ridge

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      Medical/Professional Office Space Available

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      Turnkey Medical Office in Sarasota

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      Move-In Ready Physical Therapy Suite

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      Furnished Office Condo For Rent

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    Sarasota, FL 34233
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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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