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Property profile & analytics
OFF-MARKET
Commercial land

6049 Honore Ave Sarasota, FL 34238-5716

1,324 SF 2.04 ac lot Built 1954
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US18-4377076
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1954
Total area 1,324 SF
Lot 2.04 ac (88,741 SF)
Zoning code OUE
APN 0095-05-0001
UPID US18-4377076
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Was LLC · 22 yrs held
Was LLC
since 2004
4 recorded transactions
2004
$100,000
2004
Price N/A
1997
$6.3M
1997
Price N/A
Zoning & alternative use
OUE · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Home | City of Sarasota
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