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    Property profile & analytics

    935 Beneva Rd Sarasota, FL 34232

    • Community centers
    • 38,463 SF
    • 23.67 lot acres
    For Lease
    View listing
    Value Estimations
    $1,515,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3344387
    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

    • Jain Jewelers / Jewelry Store
    • Beautifully Bronzed Tanning and Wellness / Tanning Salon
    • Around the clock fitness / Gym
    • Regions Bank / Bank / Atm
    • IoR Services / Computer Consultant / Computer Repair Service

    Property Details for 935 Beneva Rd

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    23.67 lot acres
    Property size
    38,463 SF
    Zone code
    CSCR
    Property type
    Community centers
    APN
    2030-01-0002
    APU
    2030010002

    Description

    This exceptional retail opportunity is located at 935 N Beneva Road in Sarasota, Florida, within the Sarasota Commons Outparcel. The property offers a total of 157,476 square feet of retail space, with a minimum divisible unit of 1,090 square feet and a maximum contiguous space of 3,715 square feet currently available for lease. The building underwent renovations in 2006. This listing specifically highlights 3,715 square feet of vacant, contiguous space ideal for a variety of retail uses. The property boasts ample parking with 24 spaces available for tenants and customers. Situated in Sarasota County, Florida, with a zip code of 34232, this location provides excellent visibility and accessibility. The property's multiple tenancy structure allows for flexibility in lease terms and space requirements. This is a prime opportunity for businesses seeking a well-maintained, conveniently located retail space in a thriving Sarasota community. The address is easily accessible and benefits from high traffic volume. The available space is ready for immediate occupancy. Contact us today to learn more about this exceptional retail leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4995
    Latitude
    27.3437
    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
    $235,393
    $6,619,500
    $7,816,800
    $14,436,300
    -
    $6,619,500
    $7,816,800
    $14,436,300

    Comparable in this City

    • Value Estimation
      $2,090,000
      51,781 SF

      5346 Fruitville Rd

      MINI-MALL • 51,781 SF
      5346 Fruitville Rd, Sarasota, FL 34232
      View Details
    • Value Estimation
      $2,000,000
      144,330 SF

      5301 Fruitville Rd

      MINI-MALL • 144,330 SF
      5301 Fruitville Rd, Sarasota, FL 34232-6402
      View Details
    • Value Estimation
      $1,705,000
      84,630 SF

      501 Beneva Rd Ste, Unit 210

      MINI-MALL • 84,630 SF
      501 Beneva Rd Ste, Sarasota, FL 34232-1351
      View Details
    • Value Estimation
      $355,000
      1,564 SF

      3636 Webber St

      MINI-MALL • 1,564 SF
      3636 Webber St, Sarasota, FL 34232-4413
      View Details
    • Value Estimation
      $800,000
      9,984 SF

      5855 Fruitville Rd

      SHOPPING CENTER, STRIP CENTER • 9,984 SF
      5855 Fruitville Rd, Sarasota, FL 34232
      View Details
    • Value Estimation
      $920,000
      10,000 SF

      5354 Fruitville Rd

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      5354 Fruitville Rd, Sarasota, FL 34232-6400
      View Details

    Similar Nearby for Sale

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      Freestanding Retail Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      190,757 SF

      Sarasota Crossings Retail Center

      Prime Sarasota Retail Space Available
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      Retail Space in Sarasota Commons

      Retail space for lease in central Sarasota location.
      939 N Beneva Rd, Sarasota, FL 34232
      View Details
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      Grocery Anchored Shopping Center Space

      Dominant shopping center with high visibility and tenant synergy.
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      9,504 SF

      Retail Space Near Legacy Trail

      Retail space near Earth Origins and Legacy Trail.
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    • $17 SF/Yr
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      Prime Sarasota Flex Warehouse, Retail Frontage
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    • $5,100 /Mo
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      Move-in Ready Restaurant Space

      Fully equipped restaurant space available for rent in Sarasota.
      15-23 S Beneva Rd, Sarasota, FL 34232
      View Details
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    Sarasota, FL 34232
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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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