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

    600 Beneva Rd Sarasota, FL 34232-1316

    • Specialty properties
    • 28,652 SF
    • 3.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4170993
    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

    • ShrineLive! / Music Venue / Bar & Pub
    • Sarasota Coin Club / Community Center
    • Hot Sands Oasis Tiki Bar and Grill / Bar & Pub
    • Sarasota Sahib Shrine Event Center / Restaurant
    • Heroes Grill SRQ / Bar & Pub / Restaurant

    Property Details for 600 Beneva Rd

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.93 lot acres
    Property size
    28,652 SF
    Zone code
    MCI
    Property type
    Specialty properties
    APN
    2032-05-0003
    APU
    2032050003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,682,000
      Market price range: $1.68M - $5.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4963
    Latitude
    27.3417
    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
    $10,814
    $1,485,200
    $1,710,700
    $3,195,900
    -
    $1,485,200
    $1,710,700
    $3,195,900

    Comparable in this City

    • Value Estimation by Request
      4,920 SF

      3600 Circus Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,920 SF
      3600 Circus Blvd, Sarasota, FL 34232
      View Details
    • Value Estimation
      $540,000
      2,944 SF

      4822 Fruitville Rd

      VETERINARY, ANIMAL HOSPITAL • 2,944 SF
      4822 Fruitville Rd, Sarasota, FL 34232-1818
      View Details
    • Value Estimation by Request
      8,427 SF

      700 Beneva Rd

      CHARITABLE ORGANIZATION • 8,427 SF
      700 Beneva Rd, Sarasota, FL 34232-1318
      View Details
    • Value Estimation by Request
      5,054 SF

      5201 Richardson Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,054 SF
      5201 Richardson Rd, Sarasota, FL 34232-2033
      View Details
    • Value Estimation by Request
      1,765 SF

      3807 Bond Pl

      VETERINARY, ANIMAL HOSPITAL • 1,765 SF
      3807 Bond Pl, Sarasota, FL 34232-5305
      View Details
    • Value Estimation by Request
      3,888 SF

      3622 Webber St

      VETERINARY, ANIMAL HOSPITAL • 3,888 SF
      3622 Webber St, Sarasota, FL 34232-4413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,822 SF

      Fully Leased Retail Strip Center

      24,822 SF retail strip with high-traffic location.
      5660-5686 Fruitville Rd, Sarasota, FL 34232
      View Details
    • $499,000
      0.94 Acres

      Sarasota Land Near Downtown

      Nearly 1-acre lot, 5 minutes from downtown Sarasota.
      11Th St, Sarasota, FL 34232
      View Details
    • Contact for pricing
      5,601 SF

      Prime Commercial Space For Sale

      High-visibility commercial space with income potential in a prime location.
      3615 Webber St, Sarasota, FL 34232
      View Details
    • $400,000

      Land For Sale

      Land available for purchase.
      3613 Belmont Blvd, Sarasota, FL 34232
      View Details
    • $575,000
      3,355 SF

      Free-Standing Office Building For Sale

      Free-standing office building with multiple private offices and workshop.
      4242 Mcintosh Ln, Sarasota, FL 34232
      View Details
    • Contact for pricing
      1,250 SF

      Move-in Ready Office Condo

      Well-appointed office condo near I-75, ideal for professionals.
      3407 Magic Oak Ln, Sarasota, FL 34232
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,938 SF

      Sarasota Office Space For Rent

      Centrally located office space with exterior entrances and ample parking.
      2201 Cantu Ct, Sarasota, FL 34232
      View Details
    • $31,200
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen Rd, Sarasota, FL 34232
      View Details
    • Contact for pricing
      9,504 SF

      Retail Space Near Legacy Trail

      Retail space near Earth Origins and Legacy Trail.
      1205 S Beneva Rd, Sarasota, FL 34232
      View Details
    • $42 SF/Yr
      16,500 SF

      Class A Medical Office Space

      New construction medical office space for lease on Fruitville Road.
      4495 Fruitville Rd, Sarasota, FL 34232
      View Details
    • $18 SF/Yr
      3,000 SF

      Freestanding Warehouse Near I-75

      3,000 SF warehouse with ILW zoning, convenient location.
      5675 Mcintosh Rd, Sarasota, FL 34232
      View Details
    • $32 SF/Yr
      157,351 SF

      Sarasota Executive Office Suites

      Class A waterfront office space available.
      101 Paramount Dr, Sarasota, FL 34232
      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.
    600 Beneva Rd
    Sarasota, FL 34232-1316
    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!