Move-In Ready End-Cap Office
108-234 N Rhodes Ave Sarasota, FL 34237
108-234 N Rhodes Ave, Sarasota, FL, 34237
$365,000
For Sale
$365,000
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 Market90
Property Features for 108-234 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 22 at 3:38AM Checked: Jul 22 at 3:38AM
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.
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
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
—
—
no second resolved use
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 - End-cap office condominium features three private offices, conference room, reception, kitchenette, and private restroom with front and rear entrances.
Where is this office units 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
