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Property profile & analytics
OFF-MARKET Estimated value $1,320,000
Retail space

5620 Palmer Blvd Sarasota, FL 34232-2736

6,600 SF 0.54 ac lot Built 1967
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-1802755
Property summary
AI-generated overview

This exceptional Class A commercial property, located at 5620 Palmer Blvd in Sarasota, Florida 34232, presents a unique investment opportunity. The 23,328 square foot building is situated on a corner lot, offering excellent visibility and accessibility. Priced at $1,995,000 ($85.52/sq ft), this multi-tenant property features a flexible layout suitable for a variety of uses. Currently configured as four separate units, the space seamlessly blends office and flex space. A spacious front area is ideal for retail displays or office setups, while a rear area provides ample warehouse or storage space. The property is zoned ILW (Industrial Light & Warehousing), allowing for diverse business operations. Each unit is equipped with central air conditioning. Its convenient location, a short drive from Interstate 75 and near Sarasota's attractions, ensures high visibility and easy access for both employees and customers. This NNN lease property represents a compelling investment opportunity in a thriving Sarasota market. The property's versatility and prime location make it an attractive option for both owner-occupiers and investors seeking strong rental income potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1967
Total area 6,600 SF
Lot 0.54 ac (23,328 SF)
Zoning code ILW
APN 0048-11-0101
UPID US18-1802755
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
AI Approach AI
$1.65M
CAP Approach CAP
$1.59M
Comparable Approach Comparable
$922k
Blend (final) Blend
$1.32M
Owner & transaction history
Yoro Holdings LLC · 6 yrs held
Yoro Holdings LLC
since 2020
Last sale
$1.0M
6 recorded transactions
2020
$1.0M
2015
Price N/A
2010
$230,000
2001
$193,600
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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