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

    75 Beneva Rd Sarasota, FL 34232-1452

    • Commercial land
    • 2,966 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0153594
    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

    • Commercial land

    Property Details for 75 Beneva Rd

    Year built
    1984
    Lot size
    0.99 lot acres
    Property size
    2,966 SF
    Zone code
    CN
    Property type
    Commercial land
    APN
    2031-01-0009
    APU
    2031010009

    Description

    This exceptional 42,919 square foot commercial land parcel presents a prime retail or commercial development opportunity in Sarasota, Florida. Strategically located on Beneva Road, it boasts over 135 feet of frontage, providing unparalleled visibility and accessibility. The property is situated adjacent to the Fruitville Forum Retail Center, benefiting from its established commercial activity and high traffic volume. Access to the parcel is via a shared driveway off Beneva Road, with additional access from Fruitville Road through easements within the Fruitville Forum parking lot. This location is ideal for a variety of uses, including neighborhood retail, casual dining establishments, or quick-service restaurants. The asking price for this highly sought-after parcel is $950,000. This represents a lucrative investment potential in Sarasota's dynamic market. The property's address is 75 S Beneva Rd, Sarasota, FL 34232. Don't miss this chance to secure a prominent location in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4984
    Latitude
    27.3355
    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
    $5,380
    $357,400
    $0.00
    $357,400
    -
    $357,400
    $0.00
    $357,400

    Comparable in this City

    • Value Estimation by Request
      2.80 Acres

      1551 Beneva Rd

      VACANT COMMERCIAL LAND • 2.80 Acres
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    • Value Estimation by Request
      0.98 Acres

      Fruitville Rd

      VACANT COMMERCIAL LAND • 0.98 Acres
      Fruitville Rd, Sarasota, FL 34232
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    • Value Estimation by Request
      8.20 Acres

      500 Cattlemen Rd

      VACANT COMMERCIAL LAND • 8.20 Acres
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      1.08 Acres

      5630 Palmer Blvd

      VACANT COMMERCIAL LAND • 1.08 Acres
      5630 Palmer Blvd, Sarasota, FL 34232-2736
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      0.85 Acres

      117 Avant St

      VACANT COMMERCIAL LAND • 0.85 Acres
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    • Value Estimation by Request
      3.89 Acres

      6008 Cattleridge Dr

      VACANT COMMERCIAL LAND • 3.89 Acres
      6008 Cattleridge Dr, Sarasota, FL 34232-6060
      View Details

    Similar Nearby for Sale

    • $2,999,000
      100,000,000 SF

      Development Parcel on Fruitville Road

      1.9 acre development parcel on heavily traveled Fruitville Road.
      4466 Fruitville Rd, Sarasota, FL 34232
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    • $1,375,000
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      Vacant Office Site on Cattlemen

      Vacant office site with excellent exposure on Cattlemen Road.
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      Development Parcel on Fruitville Road

      6.02 acre development parcel on heavily traveled Fruitville Road.
      4450 Fruitville Rd, Sarasota, FL 34232
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    • $550,000

      Signalized Corner Development Opportunity

      0.76 acre site suitable for professional office or multi-family development.
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      Commercial Lot on Cattlemen Road

      39,626 SF commercial lot in active Sarasota corridor.
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    Similar Nearby for Lease

    • $2 SF/Yr

      Fruitville Road Storage Yard

      0.72 acre storage yard for lease near I-75.
      5682 Fruitville Rd, Sarasota, FL 34232
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    • $35 SF/Yr
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      Fruitville Road Medical Office

      Class A medical office, prime location
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    • $24 SF/Yr
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      Sarasota Office Space Available

      Office space for lease in Sarasota, Florida.
      5969-5975 Cattlemen Ln, Sarasota, FL 34232
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    • $17 SF/Yr
      37,856 SF

      Cattlemen Road Flex Space Available

      Prime Sarasota Flex Warehouse, Retail Frontage
      1575 Cattlemen Rd, Sarasota, FL 34232
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    • Contact for pricing
      3,250 SF

      Grocery Anchored Shopping Center Space

      Dominant shopping center with high visibility and tenant synergy.
      5301-5541 Fruitville Rd, Sarasota, FL 34232
      View Details
    • $19 SF/Yr
      1,250 SF

      Sarasota Warehouse/Workshop/Storage Space

      Warehouse, workshop, or storage space near Fruitville Rd/I-75 Interchange.
      1705 Cattlemen Rd, Sarasota, FL 34232
      View Details
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    75 Beneva Rd
    Sarasota, FL 34232-1452
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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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