5310 Clark RdSarasota, FL 34233

Property Details for 5310 Clark Rd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.19 AC

Property size (Sq ft)

20,040 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

0095-04-0015

APU

95040015

Description

This exceptional Class A medical office building presents a compelling investment opportunity. Located at 5310 Clark Rd, Sarasota, FL 34233, this 20,040 square foot property boasts 9 units and is currently operating at 100% occupancy with strong medical tenants. Built in 2003, the building sits on a 49,358 square foot lot and is zoned CG. The property enjoys excellent visibility on Clark Road and benefits from a long-term land lease. The strong financial performance is highlighted by a Net Operating Income (NOI) of $277,099 and a compelling 10.28% capitalization rate. The asking price is $2,695,000. This represents a stable, high-performing asset in a thriving Sarasota market, offering significant potential for long-term success. The property's prime location within the Tampa Bay area further enhances its investment appeal. This is a rare opportunity to acquire a fully occupied, high-quality medical office building with a proven track record of success.

• CAP approach

  CAP return

  Valuation

  6%

  $5,315,814

  6.5%

  $4,906,904

  7%

  $4,556,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,020,216

  Geo Method

  $3,659,905

• Alternative Use

  Use

  Valuation

  Residential

  $6,084,562

  Hospitality

  $5,573,426

  Educational

  $4,637,025

  Medical

  $4,796,500

  Retail

  $7,213,150

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2679

Longitude

-82.4639

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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