Office Unit with Private
101-202 N Rhodes Ave, Sarasota, FL 34237
For Sale
$339,900
An end-unit suite combines dedicated work areas with reception, a kitchenette, storage, and a private restroom.
Property Size1,017 SF
Price / SF$334.22
Days on Market13
Property Features for 101-202 N Rhodes Ave
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Additional Details
Condition
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 957-9300
Listed By:
Loyd Robbins · License #3577625
(941) 356-9659
Source:
Exprealty
Added: Oct 28
Changed: Nov 9
Last Checked: Nov 8 at 11:31AM
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 LOYD ROBBINS & CO. LLC
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Investment Insights
Based on property information with market context.
This office condominium at Franklin Field Business Center is an end unit with 1,017± SF. Its layout includes three private offices, a reception and waiting area, kitchenette and break room, storage room, and private restroom. Windows on multiple sides bring daylight into the offices and shared work areas. Wood-look flooring appears in the reception area and hallway, alongside updated cabinetry and neutral finishes.
The property is at 101-202 N Rhodes Ave in Sarasota, with access to downtown, Fruitville Road, and I-75. Its office configuration and separate reception, break, and storage areas are suited to a range of office and professional-service uses.
The property is at 101-202 N Rhodes Ave in Sarasota, with access to downtown, Fruitville Road, and I-75. Its office configuration and separate reception, break, and storage areas are suited to a range of office and professional-service uses.
Key Highlights
- 1,017± SF office condominium in Franklin Field Business Center
- End‑unit layout with windows on multiple sides
- Three private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,828
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,560
$296.6K
Cap Rate 7%
$211,829
$211.8K
Cap Rate 9%
$164,756
$164.8K
Market Conditions
NOI Build-Up for 1,017 SF
Gross rent
$22.0K $21.60/SF
− Vacancy
−$2.2K −$2.16/SF
EGI
$19.8K $19.44/SF
− OpEx
−$4.9K −$4.86/SF
NOI
$14.8K $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%
$296,560
Cap Rate 7%
$211,829
Cap Rate 9%
$164,756
Alternative Uses
Best Use
Office B
$211.8K
$185.4K – $247.1K
NOI $14,828 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.0K
$252.9K – $337.2K
NOI $20,233 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Sarasota, FL
Properties on Market for Office Units in Sarasota
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - An end-unit suite combines dedicated work areas with reception, a kitchenette, storage, and a private restroom.
Where is this office unit located?
The property is located at 101-202 N Rhodes Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,017± SF office condominium in Franklin Field Business Center; End‑unit layout with windows on multiple sides; Three private offices
