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    OFF-MARKET
    Commercial real estate

    494 R And F Ranch Rd, Nokomis, FL 34275

    2.18 ac lot
    Property ID
    US18-4956432
    Property summary
    AI-generated overview

    This exceptional 2.18-acre parcel in Nokomis, Florida, presents a unique development opportunity. Located at 494 R and F Ranch Rd, Sarasota County (APN 0388040003), this land is zoned OUE 1 and offers significant potential. Currently, a lot split requires rezoning, as indicated by Sarasota County Planning and Development. The City of Venice has expressed that annexation is possible, contingent on including the adjacent eastern parcel in the application to avoid creating an enclave. Importantly, a Subdivision Plat won't be needed for future rezoning, according to the City of Venice. A single-family residential rezoning could allow for 2 to 5 units per acre. Priced at $1,175,000 ($538,991/acre), this property represents a strategic investment. The sale of this northern portion of a larger 4.36-acre parcel would create a larger access easement. This could facilitate a future sale or lot split of the adjacent eastern parcel, unlocking development potential for four additional parcels fronting a golf course. The property's location in Nokomis, Florida, 34275, offers convenient access to local amenities and attractions. This is an excellent opportunity for developers seeking a prime residential land parcel with significant upside potential.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.18 ac (94,961 SF)
    APN 0388040003
    UPID US18-4956432
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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