6049 Honore Ave Sarasota, FL 34238-5716
This exceptional 2-acre outparcel at Palmer Crossing in Sarasota, FL (APN 0095-05-0001), offers a unique investment opportunity. Priced at $1,975,000 ($22.67/sq ft), this 87,120 square foot development site boasts a highly desirable location at the signalized intersection of Honore Ave and Northridge Road, experiencing over 85,000 vehicles daily. Currently zoned OUE, the owner is actively pursuing commercial rezoning, and the site will be delivered "pad ready." Benefit from the established success of neighboring businesses including Publix, Walmart Neighborhood Market, Walgreens, Bealls, Office Max, Applebee's, Chick-fil-A, and Jimmy John's. This strategic location provides easy access to Palmer Ranch communities and major arterial highways, including the recently extended Honore Ave, running parallel to I-75. The surrounding area demonstrates strong demographics, with a population of 5,100 within 1 mile and 53,300 within 3 miles, and household incomes of $49,700 and $55,500 respectively. This presents a compelling opportunity for developers seeking high-visibility commercial development in a thriving Sarasota location. The property is situated at 6049 Honore Ave, Sarasota, FL 34238.
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
OUE · Sarasota, FLCosts & 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.