494 R And F Ranch Rd, Nokomis, FL 34275
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.