Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5709 Beneva Rd Sarasota, FL 34233-4105

    • Specialty properties
    • 4,800 SF
    • 0.55 lot acres
    OFF-MARKET
    Last Sale
    Aug 15, 2024
    $750,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4845543
    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.

    Current Use by Public Records

    • The SPOT Social Club / Gambling House

    Property Details for 5709 Beneva Rd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.55 lot acres
    Property size
    4,800 SF
    Zone code
    CG
    Property type
    Specialty properties
    APN
    0090-13-0016
    APU
    90130016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $750,000

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $525,000
      Current use
      MEDICAL BUILDING
      $1,130,000
      Change: +116% Conversion: Difficult
      RETAIL STORES
      $975,000
      Change: +86% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $885,000
      Change: +69% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4972
    Latitude
    27.2706
    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
    $10,879
    $347,500
    $488,800
    $836,300
    -
    $347,500
    $488,800
    $836,300

    Comparable in this City

    • Value Estimation
      $640,000
      7,224 SF

      5660 Ashton Rd

      VETERINARY, ANIMAL HOSPITAL • 7,224 SF
      5660 Ashton Rd, Sarasota, FL 34233-3207
      View Details
    • Value Estimation
      $1,805,000
      39,075 SF

      4057 Cattlemen Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 39,075 SF
      4057 Cattlemen Rd, Sarasota, FL 34233-5002
      View Details
    • Value Estimation
      $735,000
      2,032 SF

      4409 Sawyer Rd

      CHARITABLE ORGANIZATION • 2,032 SF
      4409 Sawyer Rd, Sarasota, FL 34233-1808
      View Details
    • Value Estimation by Request
      2,711 SF

      5880 Bee Rdg Rd

      CHARITABLE ORGANIZATION • 2,711 SF
      5880 Bee Rdg Rd, Sarasota, FL 34233-5066
      View Details
    • Value Estimation by Request
      3,461 SF

      3845 Bee Rdg Rd

      VETERINARY, ANIMAL HOSPITAL • 3,461 SF
      3845 Bee Rdg Rd, Sarasota, FL 34233-1110
      View Details
    • Value Estimation by Request
      0.37 Acres

      3866 Clover Ln

      Office Units • 6,600 SF
      3866 Clover Ln, Sarasota, FL 34233
      View Details

    Similar Nearby for Sale

    • $1,225,000
      4,176 SF

      Daycare Investment Property For Sale

      Fully occupied daycare property with long-term lease and stable income.
      5745 Rosin Way, Sarasota, FL 34233
      View Details
    • Contact for pricing

      Medical Office Building Portfolio

      Nine medical office buildings in rapidly growing Southwest Florida.
      3844 Bee Ridge Road Ext, Sarasota, FL 34233
      View Details
    • Contact for pricing
      164,677 SF

      Medical Office Building Portfolio

      Nine-building medical office portfolio in rapidly growing Southwest Florida.
      3844 Bee Ridge Road Ext, Sarasota, FL 34233
      View Details
    • Contact for pricing

      Turnkey Bar Opportunity For Sale

      Established bar with real estate, license, and billboard included.
      4459 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $1,200,000

      Sarasota Commercial Land with Flex

      2.2-acre commercial property with flex building and Legacy Trail frontage.
      4242 Gypsy St, Sarasota, FL 34233
      View Details
    • Contact for pricing
      164,677 SF

      Medical Office Portfolio For Sale

      Nine-building medical portfolio anchored by MaxHealth across Florida's Gulf Coast.
      3844 Bee Ridge Rd, Sarasota, FL 34233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,032 SF

      Sarasota Office Space for Lease

      Medical & executive suites available.
      4937 Clark Rd, Sarasota, FL 34233
      View Details
    • $20 SF/Yr
      2,000 SF

      Versatile Flex Unit For Rent

      2,000 SF flex unit with road frontage and signage.
      4401 Ashton Rd, Sarasota, FL 34233
      View Details
    • Contact for pricing
      1,536 SF

      Multi-Tenant Office Building For Rent

      Multi-tenant office building with 1,536 square feet available for lease.
      3801 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $40 SF/Yr
      2,500 SF

      New Retail Development For Lease

      New retail development ideal for diverse businesses near I-75.
      6551 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $20 SF/Yr

      Retail Space on Bee Ridge

      Corner retail space with high visibility and natural light.
      4100 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • Contact for pricing
      22,415 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space for lease on Bee Ridge Road.
      3663 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5709 Beneva Rd
    Sarasota, FL 34233-4105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!