5620 Palmer Blvd Sarasota, FL 34232-2736
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ILW · Sarasota, FLSarasota. Always verify with local authorities before improvements.
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.