Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6455 Gateway Ave Sarasota, FL 34231

    • Office buildings
    • 3,150 SF
    • 0.25 lot acres
    For Lease
    View listing
    $3,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3321262
    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

    • Office buildings

    Property Details for 6455 Gateway Ave

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    3,150 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    0104-01-0009
    APU
    104010009

    Description

    This fully leased, multi-tenant retail property in Sarasota, Florida, offers a compelling investment opportunity with a strong 7.26% cap rate. Located at 6455 Gateway Ave, this prime corner lot boasts 3,150 net rentable square feet across three storefronts, each currently leased for $3,500 per month (two on 24-month leases, one with 16 months remaining). The property features a total of 12 deeded parking spaces and benefits from a four-way stop at the entrance to a Publix, ensuring high visibility and accessibility. Completely renovated in 2023 with new electrical, plumbing, HVAC, and more, the property includes three ADA-compliant restrooms. The 10,742 square foot lot is zoned CG, offering significant value-add potential. This includes the possibility of adding two apartments and one commercial unit, or multiple additional commercial storefronts, on a second floor. The property's proximity to Siesta Key Beach (less than two miles) also presents opportunities for short-term rentals (subject to local regulations). Existing signage includes a marquis and electric box signs, with potential for additional billboard signage. The seller will credit the buyer at closing for pre-paid rent on two units, totaling $168,000, significantly reducing the buyer's down payment. This exceptional property presents a rare opportunity to acquire a high-performing retail asset in a thriving Sarasota location. The property's strong tenant base, prime location, and significant value-add potential make it an attractive investment for both seasoned investors and owner-users. The building is a single-story, fee-simple ownership. The year built is 1982, with renovations completed in 2023.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $815,000
      6.5%
      $755,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $811,000
      Market price range: $812k - $1.59M
      AI Estimate
      $644,000
      Market price range: $502k - $1.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $980,000
      Current use
      RETAIL STORES
      $1,100,000
      Change: +12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5163
    Latitude
    27.2617
    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
    $5,914
    $227,200
    $216,400
    $443,600
    -
    $227,200
    $216,400
    $443,600

    Comparable in this City

    • Value Estimation
      $1,640,000
      6,910 SF

      2206 Jo An Dr

      OFFICE BUILDING • 6,910 SF
      2206 Jo An Dr, Sarasota, FL 34231-4079
      View Details
    • Value Estimation
      $1,365,000
      4,660 SF

      4001 Swift Rd

      OFFICE BUILDING (MULTI-STORY) • 4,660 SF
      4001 Swift Rd, Sarasota, FL 34231-6578
      View Details
    • Value Estimation
      $525,000
      863 SF

      4017 Swift Rd

      OFFICE BUILDING • 863 SF
      4017 Swift Rd, Sarasota, FL 34231-6542
      View Details
    • Value Estimation
      $1,195,000
      3,902 SF

      4675 Tamiami Trl

      OFFICE BUILDING • 3,902 SF
      4675 Tamiami Trl, Sarasota, FL 34231-3416
      View Details
    • Value Estimation
      $510,000
      1,485 SF

      3938 Tamiami Trl

      OFFICE BUILDING • 1,485 SF
      3938 Tamiami Trl, Sarasota, FL 34231-3622
      View Details
    • Value Estimation
      $515,000
      1,632 SF

      1670 Stickney Pt Rd

      OFFICE BUILDING • 1,632 SF
      1670 Stickney Pt Rd, Sarasota, FL 34231-3701
      View Details

    Similar Nearby for Sale

    • $315,000
      1,410 SF

      Renovated Office Condo Near Marina

      Newly renovated 1,410 SF office condo near retail and dining.
      7737 Holiday Dr, Sarasota, FL 34231
      View Details
    • $899,000

      Turnkey Urgent Care Facility

      Established medical practice and real estate for sale on Tamiami Trail.
      7013 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $549,000
      2,268 SF

      Professional Office Park Condominium

      Divisible commercial condominium in a professional office park setting.
      7085-7085 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $2,200,000
      7,780 SF

      Sarasota Office Building - Prime Location

      Versatile Medical/Office Building, 7,780 sqft
      7157 Curtiss Ave, Sarasota, FL 34231
      View Details
    • New
      $399,000
      1,200 SF

      Sarasota Office Park Investment Opportunity

      Office park unit near Siesta Key, leased through 5/31/2026.
      2477 Stickney Point Rd, Sarasota, FL 34231
      View Details
    • $3,995,000

      Leased Retail Plaza Near Siesta

      Fully leased retail plaza with value-add potential near Siesta.
      7119 South Tamiami Trl, Sarasota, FL 34231
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      7,408 SF

      Clark Road Office Building For Rent

      Single-story office building with frontage on Clark Road.
      3355 Clark Rd, Sarasota, FL 34231
      View Details
    • $4,500 /Mo
      3,589 SF

      Freestanding Commercial Building in Sarasota

      3,589 SF freestanding commercial building in Sarasota's Gulf Gate.
      2011 Bispham Rd, Sarasota, FL 34231
      View Details
    • $3,000 /Mo
      1,000 SF

      Retail Space in Golf Gate

      Standalone building in Sarasota's Golf Gate with high visibility.
      6455 Gateway Ave, Sarasota, FL 34231
      View Details
    • $15 SF/Yr
      10,036 SF

      Coral Cove Plaza: Office Suites Available

      Prime Sarasota Office Space: Three Units Available
      7222 Tamiami Trl, Sarasota, FL 34231
      View Details
    • $52 SF/Yr
      120 SF

      Sarasota Executive Office Suite

      Prime Sarasota office, 120 sq ft.
      2100 Constitution Blvd, Sarasota, FL 34231
      View Details
    • $975,000
      4,260 SF

      Sarasota Office Space Available

      Office space available for rent in Sarasota, Florida.
      5766 Bronx Ave, Sarasota, FL 34231
      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.
    6455 Gateway Ave
    Sarasota, FL 34231
    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

    Google sign-in failed. Please try again or use another login method.