End-Cap Professional Office
For Sale
$365,000
105-234 N Rhodes Ave, Sarasota, FL 34237
Move-in-ready end-cap office condominium with three private offices, reception, waiting area, and both front and rear entrances.
Property Size1,050 SF
Price / SF$347.62
Days on Market181
Property Features for 105-234 N Rhodes Ave
General Information
Standard status
Active
Size
1,050 SF
Taxes and HOA fees
Annual Taxes
$3,685
Listing Agency:
DOUGLAS ELLIMAN
(941) 867-6199
Listed By:
Rex Glasson · License #BK3067512
(941) 587-6135
Source:
Exprealty
Added: Apr 24
Changed: Oct 9
Last Checked: Oct 20 at 11:29PM
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 DOUGLAS ELLIMAN
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This move-in-ready end-cap office condominium includes an efficient layout with three private offices, a reception area, waiting room, kitchenette, private restroom, storage/IT room, and both front and rear entrances. The end-cap configuration provides additional windows and enhanced natural light compared to interior suites, supporting a professional, client-facing office environment.
The property is part of an office condominium complex in a Sarasota business location, described as just minutes from Downtown Sarasota and major commercial corridors.
Quarterly HOA dues are listed as $1,227 per unit. The condominium association requires buyer approval and includes a first right of refusal. Buyers should verify permitted uses, zoning, condominium documents, association rules and regulations, rental restrictions, fees, and all material details before making a purchase decision.
The property is part of an office condominium complex in a Sarasota business location, described as just minutes from Downtown Sarasota and major commercial corridors.
Quarterly HOA dues are listed as $1,227 per unit. The condominium association requires buyer approval and includes a first right of refusal. Buyers should verify permitted uses, zoning, condominium documents, association rules and regulations, rental restrictions, fees, and all material details before making a purchase decision.
Key Highlights
- Move‑in‑ready end‑cap professional office condominium with approximately 1,050± SF and both front and rear entrances
- Layout includes three private offices, reception area, waiting room, kitchenette, private restroom, and storage/IT room
- End‑cap positioning provides additional windows and enhanced natural light compared with typical smaller office condo units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,309
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,180
$306.2K
Cap Rate 7%
$218,700
$218.7K
Cap Rate 9%
$170,100
$170.1K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$22.7K $21.60/SF
− Vacancy
−$2.3K −$2.16/SF
EGI
$20.4K $19.44/SF
− OpEx
−$5.1K −$4.86/SF
NOI
$15.3K $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%
$306,180
Cap Rate 7%
$218,700
Cap Rate 9%
$170,100
Alternative Uses
Best Use
Office B
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.4K
$261.1K – $348.2K
NOI $20,889 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready end-cap office condominium with three private offices, reception, waiting area, and both front and rear entrances.
Where is this office unit located?
The property is located at 105-234 N Rhodes Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Move‑in‑ready end‑cap professional office condominium with approximately 1,050± SF and both front and rear entrances; Layout includes three private offices, reception area, waiting room, kitchenette, private restroom, and storage/IT room; End‑cap positioning provides additional windows and enhanced natural light compared with typical smaller office condo units
