3231 Gulf Gate DrSarasota, FL 34231

Property Details for 3231 Gulf Gate Dr

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.90 AC

Property size (Sq ft)

13,120 SF

Zone code

OPI

Property type

Medical offices

Property subtype

Medical centers

APN

0102-16-0017

APU

102160017

Description

This 14,386 square foot, Class B office building at 3231 Gulf Gate Dr, Sarasota, FL 34231, offers a variety of leasing options. Located at the intersection of Gulf Gate Drive and Beneva Road, near the library, this two-story building provides convenient access and ample parking (62 spaces). Built in 1984 and renovated in 2000, the property features one elevator and two large common area restrooms. The building sits on a 39,335 square foot lot and is zoned OPI (Office Professional Institutional). Units range from a minimum of 70 square feet to a maximum contiguous space of 1,800 square feet, with 5,222 square feet currently vacant. The property's APN is 0102160017. Suitable for traditional, medical, or executive office uses. This is an excellent opportunity for businesses seeking a well-maintained, accessible office space in a thriving Sarasota location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,794,112

  6.5%

  $3,502,258

  7%

  $3,252,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,613,349

  Geo Method

  $2,396,106

• Alternative Use

  Use

  Valuation

  Residential

  $4,342,800

  Hospitality

  $3,977,981

  Educational

  $3,309,634

  Medical

  $3,423,457

  Retail

  $5,148,318

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2546

Longitude

-82.4987

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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