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    4101 S School Ave Sarasota, FL 34231
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    4101 S School Ave Sarasota, FL 34231

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    • Residential land & home lots
    Off-Market
    Property ID
    US18-7461590
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 4101 S School Ave

    Property type
    Residential land & home lots

    Description

    Residential Development Opportunity in the heart of central Sarasota. Approximately 4.77 +/- acres of vacant land space ready to be developed. The site can hold approximately 20 residential single family homes. Located in a highly desirable area off of US-41, just minutes away from Siesta Key and easy access to downtown Sarasota. The site is unique due to the size and scope of the land. Property is located in an area seeing multiple redevelopments. The site offers easy access to shops, restaurants, malls, parks, beaches, downtown Sarasota, Siesta Key, I-75, and excellent schools. Please contact agent for additional details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5260077
    Latitude
    27.2949314

    Comparable in this City

    • $749,000
      0.33 Acres

      Desirable Sarasota Location Double Lot

      Prime land near downtown, beaches, shopping, and dining.
      2320 Florinda St, Sarasota, FL 34231
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    • $1,675,000
      0.28 Acres

      Sarasota Canal-Front Lot Opportunity

      Quarter-acre canal-front lot in Sarasota with bay access.
      1649 Stanford Ln, Sarasota, FL 34231
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    • $225,000
      0.16 Acres

      Cleared Lot in Ridge Wood Heights

      Build-ready lot near Siesta Key and UTC Mall.
      22 Camphor Ave, Sarasota, FL 34231
      View Details
    • $595,000
      Pending

      Land with Development Potential

      Double lot suitable for building two homes or rental property.
      2244 Palm Ter, Sarasota, FL 34231
      View Details
    • New
      $150,000
      Pending

      Residential Lot Near Siesta Key

      Residential lot near Siesta Key with Gulf access.
      1867 Vamo Way, Sarasota, FL 34231
      View Details
    • $1,900,000
      0.36 Acres

      Waterfront Lot with Gulf Access

      Prime 0.36-acre waterfront lot with dock and boat lift.
      5848 Tidewood Ave, Sarasota, FL 34231
      View Details

    Similar Nearby for Sale

    • $749,000
      0.33 Acres

      Desirable Sarasota Location Double Lot

      Prime land near downtown, beaches, shopping, and dining.
      2320 Florinda St, Sarasota, FL 34231
      View Details
    • $1,675,000
      0.28 Acres

      Sarasota Canal-Front Lot Opportunity

      Quarter-acre canal-front lot in Sarasota with bay access.
      1649 Stanford Ln, Sarasota, FL 34231
      View Details
    • $225,000
      0.16 Acres

      Cleared Lot in Ridge Wood Heights

      Build-ready lot near Siesta Key and UTC Mall.
      22 Camphor Ave, Sarasota, FL 34231
      View Details
    • $595,000
      Pending

      Land with Development Potential

      Double lot suitable for building two homes or rental property.
      2244 Palm Ter, Sarasota, FL 34231
      View Details
    • New
      $150,000
      Pending

      Residential Lot Near Siesta Key

      Residential lot near Siesta Key with Gulf access.
      1867 Vamo Way, Sarasota, FL 34231
      View Details
    • $1,900,000
      0.36 Acres

      Waterfront Lot with Gulf Access

      Prime 0.36-acre waterfront lot with dock and boat lift.
      5848 Tidewood Ave, Sarasota, FL 34231
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Office Space For Lease

      First floor office space available in quiet Sarasota location.
      1801 Glengary St, Sarasota, FL 34231
      View Details
    • Contact for pricing

      Retail Space in Chili’s Plaza

      Retail space available in high-traffic Sarasota location near Trader Joe's.
      4141 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • Contact for pricing

      Versatile Flex Space in Sarasota

      Adaptable commercial property with office, retail, and storage capabilities.
      2072-2074 Constitution Blvd, Sarasota, FL 34231
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Tamiami Trail

      Retail space available at signalized intersection near Siesta Key.
      6555-6571 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $15 SF/Yr
      1,500 SF

      Sarasota Office Spaces For Lease

      Office spaces for lease with high visibility and accessibility.
      7222 South Tamiami Trl, Sarasota, FL 34231
      View Details
    • $4,500 /Mo
      3,589 SF

      Freestanding Commercial Building in Sarasota

      3,589 SF freestanding commercial building in Sarasota's Gulf Gate.
      2011 Bispham Rd, Sarasota, FL 34231
      View Details
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    4101 S School Ave
    Sarasota, FL 34231
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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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