End-Cap Professional Office
105-234 N Rhodes Ave Sarasota, FL 34237
105-234 N Rhodes Ave, Sarasota, FL, 34237
$365,000
For Sale
$365,000
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 Market90
Property Features for 105-234 N Rhodes Ave
General Information
- Standard status
- Active
- Size
- 1,050 SF
Listing agency
DOUGLAS ELLIMAN
(941) 587-6135
Listed by
Rex Glasson · License #BK3067512
(941) 587-6135
Source
Exprealty
Added: Apr 24 Updated: Jul 21 at 2:19PM Checked: Jul 22 at 9:46AM
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
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
Local 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 | $24.2k | $23.04 |
| − Vacancy | −$1.3k | −$1.27 |
| EGI | $22.9k | $21.77 |
| − OpEx | −$5.7k | −$5.44 |
| NOI | $17.1k | $16.33 |
1,050 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.9K
$214.3K – $285.8K
NOI $17,146 @ 7.0% cap · market cap 4.70%
Second Best
Healthcare Medical
$231.6K
$202.6K – $270.2K
NOI $16,211 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$308.8K
$270.2K – $360.2K
NOI $21,614 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Move-in-ready end-cap office condominium with three private offices, reception, waiting area, and both front and rear entrances.
Where is this office units 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
