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    505 S Orange Ave Ste.'s C1 & C2 | Sarasota Sarasota, FL 34236

    For Sale
    $1,429,000

    Two-story office condo in downtown Sarasota with covered parking.

    Property size:
    3,863 SF

    Property Features for 505 S Orange Ave Ste.'s C1 & C2 | Sarasota

    General Information

    Size
    3,863 SF

    Building Details

    Year built
    2007

    Source: Eric Massey Agent Eric Massey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sarasota Office Condo Investment

    This 3,863 square foot, two-story office condo is located in the heart of Sarasota, Florida, and is ideally suited for any type of office use. The property is zoned DTC (Downtown Core), ensuring high visibility and accessibility. It features 13 covered, secured parking spaces. The suite can be purchased as an investment or delivered vacant at closing. Currently, there is a NNN lease in place until June 30th, 2027, offering a 6% cap rate. The property is perfectly located between Laurel Street and Oak Street on the east side of South Orange Avenue. It offers ample parking for tenants and visitors, high visibility for business exposure, proximity to amenities and business services, and a prime location in the heart of Sarasota. This property is a compelling choice for investors seeking to capitalize on the thriving Sarasota market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Cormack Thomas Acupuncture Clinic Cayuga Hospitality Consultants Consultant Quantum Consultancy, LLC Engineering Consultant Fyzical Offices Business Development Service Environmental Science Associates Environmental Consultant

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.53827
    Latitude
    27.3325142

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    FAQs

    What type of property is this?
    Office space - Two-story office condo in downtown Sarasota with covered parking.
    Where is this office space located?
    The property is located at 505 S Orange Ave Ste.'s C1 & C2 | Sarasota Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,429,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Sarasota, FL, zoned DTC (Downtown Core).; - Investment opportunity with existing NNN lease until June 30th, 2027, offering a 6% cap rate, or delivered vacant at closing.; - 3,863 SF two-story office condo suitable for any type of office use.
    (941) 809-6351
    Request Owner's contact information
    505 S Orange Ave Ste.'s C1 & C2 | Sarasota Sarasota, FL 34236
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    Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 S Orange Ave Ste.'s C1 & C2 | Sarasota Sarasota, FL 34236
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