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    636 Bch Rd Siesta Key, FL 34242
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    636 Bch Rd Siesta Key, FL 34242

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    • Commercial real estate
    Off-Market
    Property ID
    US18-4834030
    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 real estate

    Property Details for 636 Bch Rd

    Property type
    Commercial real estate
    APN
    0107030024

    Description

    This exceptional 22,850 square foot beachfront property located at 636 Beach Road, Siesta Key, Florida (APN 0107030024), presents a rare redevelopment opportunity. Situated in Sarasota County, zip code 34242, this land boasts breathtaking 180-degree views of the world-renowned Siesta Key Beach, consistently ranked among the nation's top beaches. The property is zoned RMF1 - RESIDENTIAL, MULTI FAMILY, allowing for the construction of up to four luxury residential units. Preliminary designs already exist for four condominium residences, each exceeding 3,700 square feet of living space. This is a unique chance to create an exclusive residential development in a highly desirable location. The asking price is $9,750,000. The seller is offering the property for sale by owner. This is a truly exceptional opportunity to capitalize on the unparalleled beauty and desirability of Siesta Key. Don't miss this chance to build your dream project on one of America's most coveted beaches.

    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
    Siesta Key
    County
    Sarasota
    State
    Florida
    Longitude
    -82.556782450617
    Latitude
    27.268569004875

    Comparable in this City

    • $16,100,000

      Gulf Front Building Lots

      Two side-by-side Gulf front lots near Siesta Key Village.
      113 Big Pass Ln, Sarasota, FL 34242
      View Details
    • $6,500,000

      Waterfront Condominium Complex on Siesta Key

      Income-producing, nine-unit waterfront condominium complex near Turtle Beach.
      9022 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • $645,000

      Updated Condo with Waterfront Views

      Updated 2-bedroom condo with Intracoastal Waterway and marina views.
      5855 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • $1,099,000
      1,645 SF

      Siesta Key Bayside Condo

      Furnished 3-bedroom condo with short-term rental potential.
      1325 Siesta Bayside Dr, Sarasota, FL 34242
      View Details
    • $3,250,000
      2,255 SF

      Beachfront Oasis at Siesta Key

      Luxury 3-bedroom condo with sunset views and resort amenities.
      915 Seaside Dr, Sarasota, FL 34242
      View Details
    • $925,000
      Pending

      Beachfront Condo with Gulf Views

      Two-bedroom condo steps to private beach with Gulf views.
      19 Whispering Sands Dr, Sarasota, FL 34242
      View Details

    Similar Nearby for Sale

    • $6,500,000

      Waterfront Condominium Complex on Siesta Key

      Income-producing, nine-unit waterfront condominium complex near Turtle Beach.
      9022 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • $16,100,000

      Gulf Front Building Lots

      Two side-by-side Gulf front lots near Siesta Key Village.
      113 Big Pass Ln, Sarasota, FL 34242
      View Details
    • $645,000

      Updated Condo with Waterfront Views

      Updated 2-bedroom condo with Intracoastal Waterway and marina views.
      5855 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • $1,099,000
      1,645 SF

      Siesta Key Bayside Condo

      Furnished 3-bedroom condo with short-term rental potential.
      1325 Siesta Bayside Dr, Sarasota, FL 34242
      View Details
    • $349,000
      702 SF

      Siesta Key Condo Investment

      One-bedroom condo near Siesta Key Beach with rental potential.
      6703 Midnight Pass Rd, Sarasota, FL 34242
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Rare Retail Opportunity Near Beach

      Large retail space for lease near Siesta Key beaches.
      6595 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    • Contact for pricing
      2,052 SF

      Retail Shop in Siesta Key

      Small retail shop in Siesta Key Village for rent.
      5057 Ocean Blvd, Sarasota, FL 34242
      View Details
    • $45 SF/Yr

      Prime Retail Space Available

      Retail space in a desirable, high-traffic Sarasota location.
      217 Avenida Madera, Sarasota, FL 34242
      View Details
    • $45 SF/Yr

      Siesta Key Retail Opportunity

      Rare large retail space near Siesta Key beaches.
      6595 Midnight Pass Rd, Sarasota, FL 34242
      View Details
    Request Owner's contact information
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    636 Bch Rd
    Siesta Key, FL 34242
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    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
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