Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    6049 Honore Ave Sarasota, FL 34238-5716

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6049 Honore Ave Sarasota, FL 34238-5716

    View on Map
    • Commercial land
    • 1,324 SF
    • 2.04 lot acres
    Off-Market
    Property ID
    US18-4377076
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 6049 Honore Ave

    Year built
    1954
    Lot size
    2.04 lot acres
    Property size
    1,324 SF
    Zone code
    OUE
    Property type
    Commercial land
    APN
    0095-05-0001
    APU
    95050001

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4641
    Latitude
    27.2659
    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
    $2,005
    $170,900
    $0.00
    $170,900
    -
    $170,900
    $0.00
    $170,900

    Comparable in this City

    • Value Estimation
      $1,390,000
      0.79 Acres

      5844 Derek Ave

      VACANT COMMERCIAL LAND • 0.79 Acres
      5844 Derek Ave, Sarasota, FL 34238-3054
      View Details
    • Value Estimation by Request
      0.87 Acres

      4072 Jenkins Pl

      VACANT COMMERCIAL LAND • 0.87 Acres
      4072 Jenkins Pl, Sarasota, FL 34238-2904
      View Details
    • Value Estimation by Request
      1.25 Acres

      8598 Potter Park Dr

      VACANT COMMERCIAL LAND • 1.25 Acres
      8598 Potter Park Dr, Sarasota, FL 34238-5439
      View Details
    • Value Estimation by Request
      1.63 Acres

      8415 Honore Ave

      VACANT COMMERCIAL LAND • 1.63 Acres
      8415 Honore Ave, Sarasota, FL 34238-5753
      View Details
    • Value Estimation by Request
      0.24 Acres

      7705 Mcintosh Rd

      VACANT COMMERCIAL LAND • 0.24 Acres
      7705 Mcintosh Rd, Sarasota, FL 34238
      View Details
    • Value Estimation by Request
      10.27 Acres

      6015 Honore Ave

      VACANT COMMERCIAL LAND • 10.27 Acres
      6015 Honore Ave, Sarasota, FL 34238-5716
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Prime Corner Parcel on Tamiami

      Exceptional retail development opportunity in thriving Sarasota area.
      8927 South Tamiami Trl, Sarasota, FL 34238
      View Details
    • $1,350,000

      Prime Corner Parcel in Sarasota

      Exceptional retail development opportunity with high visibility and accessibility.
      8927 South Tamiami Trl, Sarasota, FL 34238
      View Details
    • $429,000
      Pending

      Luxury Garage Condominium in Sarasota

      Private warehouse facility for car collectors and motorsports enthusiasts.
      6562 Palmer Park Cir, Sarasota, FL 34238
      View Details
    • $360,000
      1,353 SF

      Updated Villa Near Siesta Key

      Turnkey furnished villa with amenities and income potential.
      3630 White Pine Ct, Sarasota, FL 34238
      View Details
    • $420,000
      Pending

      Updated Condo with Pond Views

      Bright, updated 3-bedroom condo in gated Palmer Ranch community.
      7022 Prosperity Cir, Sarasota, FL 34238
      View Details
    • Contact for pricing
      1,320 SF

      Private Garage Condominium Community

      Exclusive garage condos for car collectors and RV owners.
      5864 Derek Ave, Sarasota, FL 34238
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Unit Flex Warehouse Space

      Flex warehouse units available for lease near I-75.
      6115 Clark Center Ave, Sarasota, FL 34238
      View Details
    • $20 SF/Yr

      Palmer Ranch Area Office Space

      Office spaces available in well-appointed building with US 41 frontage.
      8830 S Tamiami Trl, Sarasota, FL 34238
      View Details
    • Contact for pricing
      960 SF

      Office Space Near Clark Road

      Office space for lease with an open layout.
      6146-6146 Clark Center Ave, Sarasota, FL 34238
      View Details
    • Contact for pricing
      759,996 SF

      Tri-Temp Logistics Distribution Center

      First-class distribution center with cold storage in Sarasota, Florida.
      6100 Mcintosh Rd, Sarasota, FL 34238
      View Details
    • Contact for pricing

      Storage Units with 24/7 Access

      Storage complex with individual units and secure parking.
      6043 Deacon Rd, Sarasota, FL 34238
      View Details
    • Contact for pricing

      Retail Space in Sarasota Mall

      Retail opportunity in redeveloping Sarasota Square Mall area.
      3950 Central Sarasota Pkwy, Sarasota, FL 34238
      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.
    6049 Honore Ave
    Sarasota, FL 34238-5716
    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

    Thank You for Inquiry

    6049 Honore Ave, Sarasota, FL, 34238

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!