Property profile

5229 Ocean Blvd Sarasota, FL 34242

OFF-MARKET
Retail space
Property ID
US18-4227120
3,639 SF 0.31 ac lot Built 1991
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,639 SF
Lot 0.31 ac (13,706 SF)
Zoning code CG; SKOD
APN 0080-17-0036
UPID US18-4227120

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
  • (Bike/Boat/Book/etc) Store

Location

5229 Ocean Blvd Sarasota, FL 34242
Sarasota metro Census 1904 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
$875k
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.07M

Owner & transaction history

since 2011
3 recorded transactions
2011
$651,500
2008
Price N/A
2007
Price N/A

Zoning & alternative use

CG; SKOD · Sarasota, FL
Top alternative use upside
Auto repair, garage $1.6M +11.3%
Office building $1.5M +4.0%
Medical building $1.4M +0.7%

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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