Recently Renovated Class A Office
For Sale
Contact for pricing
100 Paramount Drive, Sarasota, FL 34232
Professional office property with updated shared amenities, shaded parking, and a campus setting with mature live oaks and waterfront views.
Property Size78,017 SF
Price / SF$237.13
Days on Market109
Property Features for 100 Paramount Drive
General Information
Standard status
Active
Size
78,017 SF
Class
A
Property subtype
Office
Zoning
ILW
Building Details
Year Built
1991
Tenancy
Multi
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Stephen Horn · License #FL BK3062100
(407) 650-3615
Source:
Crexi
Added: Jun 29
Changed: Oct 15
Last Checked: Oct 14 at 7:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ian Black Real Estate LLC
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Investment Insights
Based on property information with market context.
Sarasota Commerce Center I is a 78,017-square-foot office building constructed in 1991 and recently updated in its common areas. Shared features include a tenant lounge, fitness center, conference room, and HVAC UV lights. The property also provides shaded parking and a 5.0/1,000 SF parking ratio for employees and visitors.
The campus includes mature live oak trees and waterfront views, with access just minutes from the I-75/Fruitville Road interchange. Restaurants, retail, hotels, everyday services, and nearby apartment communities are within close proximity. The building is zoned ILW and houses a mix of local, national, and international tenants.
The campus includes mature live oak trees and waterfront views, with access just minutes from the I-75/Fruitville Road interchange. Restaurants, retail, hotels, everyday services, and nearby apartment communities are within close proximity. The building is zoned ILW and houses a mix of local, national, and international tenants.
Key Highlights
- 78,017‑square‑foot office building constructed in 1991
- Recently renovated common areas with tenant lounge and shared conference room
- Fitness center and HVAC UV lights serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,137,488
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,749,760
$22.7M
Cap Rate 7%
$16,249,829
$16.2M
Cap Rate 9%
$12,638,756
$12.6M
Market Conditions
NOI Build-Up for 78,017 SF
Gross rent
$1.69M $21.60/SF
− Vacancy
−$168.5K −$2.16/SF
EGI
$1.52M $19.44/SF
− OpEx
−$379.2K −$4.86/SF
NOI
$1.14M $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,749,760
Cap Rate 7%
$16,249,829
Cap Rate 9%
$12,638,756
Alternative Uses
Best Use
Office B
$16.25M
$14.22M – $18.96M
NOI $1,137,488 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.17M
$19.40M – $25.87M
NOI $1,552,114 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 34232, FL
34,671
Population
17,248
Households
2
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
11.0 sq mi
ZIP Area
3,152
Density / Sq Mi
$81,041
Median Household Income
$44,166
Median Earnings
$1,836
Median Rent
$332,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with updated shared amenities, shaded parking, and a campus setting with mature live oaks and waterfront views.
Where is this office building located?
The property is located at 100 Paramount Drive Sarasota, FL.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: 78,017‑square‑foot office building constructed in 1991; Recently renovated common areas with tenant lounge and shared conference room; Fitness center and HVAC UV lights serving the property
