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Property profile

40 Pineapple Ave Sarasota, FL 34236

OFF-MARKET
Office buildings
Property ID
US18-4714582
8,142 SF 0.11 ac lot Built 1925
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a medical spa facility in Downtown Sarasota, Florida, configured within a modern, well-maintained space totaling 1,900 square feet. The interior is set up to support aesthetic and medical services, including injectables such as Botox and dermal fillers, energy-based treatments such as radiofrequency microneedling and CoolPeel, body sculpting, and personalized facials. The facility includes medical and aesthetic treatment equipment and devices used to deliver these services, and it is operated with a team that includes a medical director, licensed aestheticians, and administrative staff. The spa is located in a high-traffic area, and the premises are organized to accommodate a range of treatment services for an ongoing patient/guest clientele.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,142 SF
Lot 0.11 ac (4,950 SF)
Zoning code DTC
APN 2027-03-0067
UPID US18-4714582

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Spa & Massage Center Alternative Medicine Practice

Location

40 Pineapple Ave Sarasota, FL 34236-5735
Sarasota metro Census 104 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
Last sale
$4.5M
1 recorded transaction
2025
$4.5M

Zoning & alternative use

DTC · Sarasota, FL
Zoning description

screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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