Move-In Ready End-Cap Office
For Sale
$365,000
108-234 N Rhodes Ave, Sarasota, FL 34237
End-cap office condominium features three private offices, conference room, reception, kitchenette, and private restroom with front and rear entrances.
Property Size1,050 SF
Price / SF$347.62
Days on Market181
Property Features for 108-234 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 8
Last Checked: Oct 21 at 1:53AM
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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Investment Insights
Based on property information with market context.
Move-in ready end-cap office condominium suite designed for professional use. The layout includes three private offices, a conference room, a welcoming reception area, a kitchenette, and a private restroom, along with a dedicated storage/IT room. The unit also has both front and rear entrances, supporting day-to-day workflow and visitor access.
The suite is part of an office condominium in Sarasota and is described as being minutes from Downtown Sarasota and major commercial corridors.
Quarterly HOA dues are $1,227 per unit. The condominium association requires buyer approval and includes a first right of refusal.
The suite is part of an office condominium in Sarasota and is described as being minutes from Downtown Sarasota and major commercial corridors.
Quarterly HOA dues are $1,227 per unit. The condominium association requires buyer approval and includes a first right of refusal.
Key Highlights
- Move‑in‑ready end‑cap professional office condominium with approximately 1,050± SF
- Layout includes 3 private offices, conference room, reception area, kitchenette, and private restroom
- Dedicated storage/IT room plus both front and rear entrances
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 - End-cap office condominium features three private offices, conference room, reception, kitchenette, and private restroom with front and rear entrances.
Where is this office unit located?
The property is located at 108-234 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; Layout includes 3 private offices, conference room, reception area, kitchenette, and private restroom; Dedicated storage/IT room plus both front and rear entrances
