Property profile

482 John Ringling Blvd Sarasota, FL 34236

OFF-MARKET
Retail space
Property ID
US18-1828252
6,513 SF 0.19 ac lot Built 1966
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

The Ringling Building, located at 482 John Ringling Blvd in Sarasota, Florida (zip code 34236), offers a fantastic retail opportunity in a vibrant shopping center. This Sarasota County property boasts a total of 13,223 square feet, with 5,599 square feet currently vacant and available for lease. Spaces range from a minimum of 1,160 square feet to a maximum contiguous space of 4,439 square feet, providing flexibility for various retail businesses. The building underwent renovations in 2013, ensuring modern amenities for tenants. Conveniently located, the property benefits from excellent visibility and accessibility. The building is classified as a multi-tenant shopping center and includes elevators for easy access to all levels. This is an exceptional chance to establish or expand your retail presence in a thriving Sarasota location. The property's prime location and modern features make it an ideal investment for businesses seeking high foot traffic and a strong customer base. Serious inquiries are encouraged to explore this exciting retail opportunity further. Contact us today to learn more about leasing options and availability.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,513 SF
Lot 0.19 ac (8,125 SF)
Zoning code CT
APN 2014-05-0085
UPID US18-1828252

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
  • Art Gallery

Location

482 John Ringling Blvd Sarasota, FL 34236-1428
Sarasota metro Census 700 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.07M
Blend (final) Blend
$3.23M

Owner & transaction history

since 2011
3 recorded transactions
2011
$2.7M
2008
Price N/A
2007
Price N/A

Zoning & alternative use

CT · Sarasota, FL
Zoning description

CT), Commercial Business Newtown (CBN), Urban Mixed-Use zone districts, Housing Authority Overlay District (HAOD), and North Trail Overlay District (NTOD) and require a permit; and Revise how height of objects greater th…

General category COMMERCIAL

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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