Class A Waterfront Office
101 Paramount Dr Sarasota, FL 34232
For Sale
Contact for pricing
Energy Star rated Class A office building on a park-like waterfront campus.
Property Size157,351 SF
Price / SF$228.79
Days on Market17
Property Features for 101 Paramount Dr
General Information
Standard status
Active
Size
157,351 SF
Property subtype
OFFICE
Listing Agency:
Ian Black Real Estate, LLC
(941) 356-5042
Listed By:
Jag Grewal CCIM, SIOR
(941) 356-5042
Source:
Moodyscre
Added: Jul 13
Changed: Jul 29
Last Checked: Jul 29 at 2:47AM
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
Investment Insights
Based on property information with market context.
This Class A, Energy Star rated office building features a waterfront setting within a park-like campus environment. The grounds are described as landscaped and include live oak trees, creating a campus atmosphere for occupants and visitors.
The property is located just minutes from the I-75/Fruitville Road interchange. It is also described as having high walkability, with nearby restaurants, shopping, and other destinations within walking distance.
The property is located just minutes from the I-75/Fruitville Road interchange. It is also described as having high walkability, with nearby restaurants, shopping, and other destinations within walking distance.
Key Highlights
- Energy Star rated Class A office building
- Located just minutes from the I‑75/Fruitville Road interchange
- Waterfront building set on a park‑like campus with lush landscaping and live oak trees
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.63M | $23.04 |
| − Vacancy | −$199.4k | −$1.27 |
| EGI | $3.43M | $21.77 |
| − OpEx | −$856.5k | −$5.44 |
| NOI | $2.57M | $16.33 |
157,351 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$36.71M
$32.12M – $42.82M
NOI $2,569,479 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$46.27M
$40.49M – $53.98M
NOI $3,239,039 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Energy Star rated Class A office building on a park-like waterfront campus.
Where is this office building located?
The property is located at 101 Paramount Dr Sarasota, FL.
What is the asking price?
The asking price for this property is $36,000,000.
What are key features of this property?
This property features: Energy Star rated Class A office building; Located just minutes from the I‑75/Fruitville Road interchange; Waterfront building set on a park‑like campus with lush landscaping and live oak trees
