Property profile

5100 Clark Rd Sarasota, FL 34233

FOR LEASE
Strip malls
Property ID
US18-5101298
45,076 SF 12.3 ac lot Built 2003
Entity Owned 13-yr Hold ~ Est. High Equity
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For Lease
$13,105,000
5100 Clark Rd, Sarasota, FL 34233
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 45,076 SF
Lot 12.3 ac (535,578 SF)
Zoning code CG
APN 0097-01-0005
UPID US18-5101298

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
  • Specialty Food Shop Supermarket
  • Pharmacy
  • Big Box & Wholesale Store
  • Medical Clinic
  • Bank Credit Union

Location

5100 Clark Rd Sarasota, FL 34233
Sarasota metro Census 2015 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$12.27M
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.11M

Owner & transaction history

since 2012
7 recorded transactions
2018
Price N/A
2017
Price N/A
2012
$11.6M
2005
$131,900
2004
$16.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Sarasota, FL
Zoning description

The intent and purpose of the CG district is to permit medium scale commercial facilities and to facilitate their proper development and use

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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