Property profile & analytics
6003 Honore Ave Sarasota, FL 34238-5717
- Office buildings
- 10,790 SF
- 1.04 lot acres
OFF-MARKET
Value Estimations
$2,045,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-5052781
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
- Manasota Adventist Community Services / Church
- Dr. Kaitlyn Purcell / Dental Office
- Matt Leicht, SaraSellsSarasota.com / Real Estate Agency
- Sarasota Dentistry / Dental Office
- Lifetime Investment Management, LLC / Financial Advisor
Property Details for 6003 Honore Ave
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.04 lot acres
- Property size
- 10,790 SF
- Zone code
- CG
- Property type
- Office buildings
- APN
- 0095-05-0002
- APU
- 95050002
Description
This exceptional investment opportunity presents a two-story, 20,073-square-foot Class B office building situated on a 45,125-square-foot lot in Sarasota, Florida. Built in 2004 and renovated in 2020, the property boasts a 7.76% capitalization rate and is currently 100% occupied by six tenants, many with long-term leases exceeding five years. The building features elevator access and ample on-site parking, catering to the needs of its diverse tenant base. Conveniently located on Honore Avenue, just off Clark Road in the desirable Palmer Ranch area, this property enjoys proximity to the Palmer Crossing retail complex, offering excellent visibility and accessibility. The sale includes the leasehold improvements. The property is zoned CG and has an APN of 0095050002. This is a multi-tenant investment property offering a strong return on investment with stable, long-term tenants. The asking price is $1,499,000, translating to $74.68 per square foot. This represents a compelling opportunity for investors seeking a stable, income-producing asset in a thriving Sarasota location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,795,000
- 6.5%
- $2,580,000
- 7%
- $2,395,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,787,000
Market price range: $826k - $2.79M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4642
- Latitude
- 27.2668
- 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
$45,616
$586,300
$3,228,800
$3,815,100
-
$586,300
$3,228,800
$3,815,100
