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    Sarasota Medical Corridor Office Space Title is generated by Realmo AI

    2020 Rose St, Sarasota, FL 34239

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    Claim this Listing
    For Lease
    $29 SF/Yr $6,409/Mo (calc)

    Prime location near Sarasota Memorial Hospital, ideal for medical professionals.

    Type:Office
    Property size:
    2,652 SF
    Added:
    Nov 21, 2025
    Days on Market:
    190
    Last Refresh:
    May 8 at 11:30 pm

    Property Features for 2020 Rose St

    General Information

    Standard status
    Active
    Size
    2,652 SF
    Property subtype
    Office

    Building Details

    Year Built
    1949

    Spaces For Lease

    at 2020 Rose St Contact us

    We can help!

    Listing Contact
    Gail Bowden
    Gail Bowden

    Listing agent Gail Bowden License #3044621

    Listing office SVN Commercial Advisory Group

    Listing date Nov 21, 2025

    Source Svn

    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 SVN Commercial Advisory Group

    HighLights

    • Prime Location: Only ½ mile from Sarasota Memorial Hospital in Sarasota's high‑demand medical corridor.
    • Ideal for Medical & Professional Office Use.
    • Completely Renovated – Delivery August 2025.
    • Excellent Visibility & Accessibility from U.S. 41/Tamiami Trail.
    • Ample On‑Site Parking for staff and patients.
    • Close to Downtown Sarasota shops, dining, and services.

    Overview

    This property offers a leasing opportunity in a prime Sarasota location, featuring modern amenities and versatile floor plans suitable for businesses of all sizes. It provides high visibility and accessibility within a bustling commercial hub, ensuring tenants benefit from exposure. Ample parking is available for both tenants and visitors. The well-appointed office spaces create a professional and productive environment, complemented by the building's architecture. Located in Sarasota’s high-demand medical corridor, the property is situated just 0.5 miles from Sarasota Memorial Hospital, making it suitable for medical professionals, healthcare groups, and related office users seeking access to the hospital campus and surrounding medical providers. The site benefits from visibility, access to U.S. 41/Tamiami Trail, and proximity to downtown Sarasota’s business, retail, and dining amenities. The property is ideal for medical and professional office use. The location is in an established medical corridor with a strong tenant mix nearby and close to downtown Sarasota shops, dining, and services. The property is undergoing complete renovations, with delivery expected in August 2025. The location benefits from growing market demographics with an affluent, expanding population base. The property size is 2652 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Life Acupuncture ... Alternative Medicine Practice Above & Beyond Pain ... Physician

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Bay Road Animal Hospital — 1712 Bay Rd, Sarasota, FL 34239
    • Animal Health Center — 2345 Bee Ridge Rd STE 3, Sarasota, FL 34239
    • John Izad DVM — 2821 Bee Ridge Rd, Sarasota, FL 34239
    • Scott Wells DVM — 2821 Bee Ridge Rd, Sarasota, FL 34239
    • Ojolick Eva DVM — 2821 Bee Ridge Rd, Sarasota, FL 34239

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5296335
    Latitude
    27.3062515

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    FAQs

    What type of property is this?
    Medical Office Space - Prime location near Sarasota Memorial Hospital, ideal for medical professionals.
    Where is this medical office space located?
    The property is located at 2020 Rose St Sarasota, FL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Prime Location: Only ½ mile from Sarasota Memorial Hospital in Sarasota's high‑demand medical corridor.; Ideal for Medical & Professional Office Use.; Completely Renovated – Delivery August 2025.
    (941) 223-1525
    We can help!
    Listing Contact
    Gail Bowden
    Gail Bowden
    Real Estate License ID: 3044621
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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