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3576 Webber St 2,180 SF Retail Building Sarasota, FL 34239 $507,500 ($232.80/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely high trafficked intersection
- simple structure, easy to maintain, part of a strip mall
- Excellent visibility driving South on Beneva Rd.
EXECUTIVE SUMMARY
Investment property, leased. Excellent visible, building is facing Geneva Rd. on an angle. Traffic count AADT around 30,000. Landlord expenses taken into account in cap rate: insurance, property taxes, annual fire extinguisher inspection. A/C repairs up to $1,000 and A/C maintenance are tenant responsibility. Structural, roof and mechanical systems are landlord responsibility. Rent bumps: 3 % or CPI whichever is higher. Lease ends: 8/15/28 Options: 2 x 5 years
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,180 SF
Building Class
B
Year Built
1970
Price
$507,500
Price Per SF
$232.80
Cap Rate
7.01%
NOI
$35,576
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.07 AC
Zoning
CG - General Commercial
Parking
4 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
30’ on Beneva Rd
AMENITIES
- Bus Line
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 0059-01-0003 | Total Assessment | $257,415 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0059-01-0003
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$257,415 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Ktima LLC
3576 Webber St
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