5678 Fruitville Rd Sarasota, FL 34232-6407
Property profile & analytics
5678 Fruitville Rd, Sarasota, FL 34232-6407
- Retail space
- 14,979 SF
- 1.35 lot acres
Property ID
US18-0358292
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Plumbing Place / Plumbing Service / Building Supply
- Smitty's Architectural Hardware / Hardware & Home Improvement / Furniture & Home Goods
Property Details for 5678 Fruitville Rd
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.35 lot acres
- Zone code
- ILW
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0047-03-0001
- APU
- 47030001
Description
This exceptional 24,822 square foot retail strip center in Sarasota, Florida, presents a compelling investment opportunity. Located at 5678 Fruitville Rd, 34232, this fee-simple property boasts six units with 100% occupancy and a strong 8.5-year weighted average lease term (WALT). Generating a Net Operating Income (NOI) of $465,291, it offers a 7.25% capitalization rate and is priced at $6,417,800 ($258.55/sq ft). The property features 41 parking spaces on a 1.33-acre lot and benefits from built-in rent bumps. Situated on a high-traffic corridor (60,000+ vehicles per day) with excellent visibility, the center enjoys dual points of ingress/egress. Recent improvements include a newer roof and AC units (within the last 3-5 years). Its prime location offers quick access to I-75 and proximity to major retailers like Lowe's, Chick-fil-A, Sam's Club, Target, Publix, and Winn-Dixie. Furthermore, the property generates additional income from billboard advertising. The center is directly across from the planned Sarasota Orchestra Music Center, a significant development expected to further enhance the area's appeal and foot traffic. Lease details are available upon request. This is a rare opportunity to acquire a well-positioned, multi-tenant retail property with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,817,000
Market price range: $958k - $2.82M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4559
- Latitude
- 27.3373
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,238
$1,612,900
$2,059,600
$3,672,500
-
$1,612,900
$2,059,600
$3,672,500
