8065 Beneva RdSarasota, FL 34238

Property Details for 8065 Beneva Rd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.99 AC

Property size (Sq ft)

7,380 SF

Zone code

CI

Property type

Office buildings

APN

0123-11-0007

APU

123110007

Description

This exceptional 8,752 square foot Class B commercial property, located at 8065 S Beneva Rd in Sarasota, Florida (zip code 34238), offers a unique opportunity. Currently configured as a mix of retail and office spaces, this multi-tenant building features 2,650 square feet of immediately available creative office space. The property sits on a substantial 43,103 square foot lot and benefits from high visibility along Beneva Road, adjacent to Westfield Sarasota Square Mall, ensuring excellent exposure to a large customer base. The location provides an average daily traffic count exceeding 42,500 vehicles along US-41. The available space boasts elegant finishes and is ready for immediate occupancy. The building's zoning is CI - Commercial Intensive, allowing for a wide range of uses. The lease is a modified gross lease

• CAP approach

  CAP return

  Valuation

  6%

  $2,218,640

  6.5%

  $2,047,970

  7%

  $1,901,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,480,500

  Geo Method

  $1,347,810

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,024,050

  Retail / Commercial

  $2,065,060

  Mixed-Use / Specialty

  $2,058,930

  Hospitality / Lodging

  $1,512,160

  Institutional / Educational

  $2,140,890

  Residential Income

  $2,504,840

  Multifamily

  $2,997,380

  Automotive / Energy

  $1,835,050

  Parking / Income-Based Land

  $632,044

  Restaurant / Food Service

  $1,073,480

  Healthcare / Senior Housing

  $2,110,140

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2354

Longitude

-82.4971

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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