4001 Swift RdSarasota, FL 34231

Property Details for 4001 Swift Rd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

4,660 SF

Zone code

OPI

Property type

Office properties

Property subtype

Office buildings

APN

0072-04-0077

APU

72040077

Description

This exceptional 9-unit executive office building, located at 4001 Swift Rd in Sarasota, Florida (34231), presents a compelling investment opportunity. The 4,684 square foot building, constructed in 1987 and situated on a 0.37-acre lot (APN: 0072040077), boasts a desirable mixed-use zoning (OPI). Currently operating at 90% occupancy with long-term tenants, this property offers a strong and stable income stream. Recent upgrades include a new roof, newer AC units, new carpeting, interior paint, and LED lighting, showcasing pride of ownership. The 17-space parking lot has been recently reconditioned, and the landscaping refreshed. An elevator upgrade ensures compliance with current safety regulations. The building features 8-9 foot ceilings and well-planned upper-level storage, significantly increasing capacity. High traffic visibility on Tuttle/Swift Road and proximity to downtown Sarasota further enhance its appeal. The gross lease structure simplifies management, and the multi-tenancy provides diversification. This meticulously maintained property is a prime example of a sound investment in a thriving Sarasota location. The asking price is $1,450,000, translating to $309.56 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,347,604

  6.5%

  $1,243,942

  7%

  $1,155,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $928,217

  Geo Method

  $851,056

• Alternative Use

  Use

  Valuation

  Residential

  $1,542,488

  Hospitality

  $1,412,911

  Educational

  $1,175,525

  Medical

  $1,215,953

  Retail

  $1,828,595

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2971

Longitude

-82.5138

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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