Property profile

6525 Midnight Pass Rd Sarasota, FL 34242

OFF-MARKET
Retail space
Property ID
US18-2770232
10,834 SF 1.66 ac lot Built 1975
Entity Owned 22-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,834 SF
Lot 1.66 ac (72,500 SF)
Zoning code CG; SKOD
APN 0108-09-0013
UPID US18-2770232

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

6525 Midnight Pass Rd Sarasota, FL 34242-2506
Sarasota metro Census 1909 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.61M
Comparable Approach Comparable
$3.44M
Blend (final) Blend
$3.10M

Owner & transaction history

Zoning & alternative use

CG; SKOD · Sarasota, FL
Top alternative use upside
Auto repair, garage $4.8M +11.3%
Office building $4.5M +4.0%
Medical building $4.3M +0.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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