Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1517 State St Sarasota, FL 34236

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $39 SF/Yr

    1,300 SF office or retail space in downtown Sarasota.

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Ken Hoskinson, Jr.
    Source: Hembreeco

    Listing Agent: Ken Hoskinson, Jr.

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

    Learn more

    Overview

    Downtown Sarasota Office or Retail

    This 1,300 square foot space is located in downtown Sarasota and is suitable for office or retail use. The space features multiple offices and street front glass. The property is situated on State Street.
    Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Advisor The Law Office of Robert ... Law Firm Siesta Key Films Film Production State Street Funding Consultant Payserv Systems Business To Business Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.540152
    Latitude
    27.3358077

    Nearby Similar for Lease

    • New
      $24 SF/Yr
      2,100 SF

      Sarasota Office Space Available

      Centrally located office space with included utilities and furniture.
      4545 Mariotti Ct, Sarasota, FL 34233
      View Details
    • $2,800 /Mo
      1,483 SF

      Charming Bungalow Near Downtown Sarasota

      Unique office/retail space in a converted bungalow near downtown.
      1724 4Th St, Sarasota, FL 34236
      View Details
    • $10,000 /Mo
      5,918 SF

      Office Space in Sarasota, FL

      Office space available for rent in Sarasota, Florida.
      227 Central Ave, Sarasota, FL 34236
      View Details
    • $7,800 /Mo
      1,037 SF

      Professional Office Space For Lease

      Private office in professional suite near Downtown Sarasota available for lease.
      2831 Ringling Blvd, Sarasota, FL 34237
      View Details
    • $2,395 /Mo
      1,100 SF

      Sarasota Warehouse Space For Lease

      Prime Sarasota warehouse space with restroom and convenient location.
      8235 Blaikie Ct, Sarasota, FL 34240
      View Details
    • $31,200
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen Rd, Sarasota, FL 34232
      View Details
    • $2,416 /Mo
      1,100 SF

      Sarasota Office Space Available

      Office space with dedicated entrance, ample parking, and flexible options.
      2063 Main St, Sarasota, FL 34237
      View Details
    • $3,000 /Mo
      1,000 SF

      Retail Space in Golf Gate

      Standalone building in Sarasota's Golf Gate with high visibility.
      6455 Gateway Ave, Sarasota, FL 34231
      View Details
    • $900 /Mo
      1,525 SF

      Downtown Sarasota Office Space

      Historic bungalow with private offices, shared amenities, and on-site parking.
      1267 2Nd St, Sarasota, FL 34236
      View Details
    • Sponsored
      Contact for pricing

      Sarasota Courthouse

      Workspaces, services and support to help you work better in Sarasota Courthouse
      1990 Main St, Sarasota, FL 34236
      View Details
    • Contact for pricing

      FL, Sarasota - Lakewood Ranch

      Workspaces, services and support to help you work better in Coral Gables
      6901 Professional Pkwy, Sarasota, FL 34240
      View Details
    • $42 SF/Yr
      3,596 SF

      Retail and Office Space Available

      Pre-construction retail and office space for lease in Sarasota, FL.
      6355 Initiative Blvd, Sarasota, FL 34240
      View Details

    FAQs

    What type of property is this?
    Office units - 1,300 SF office or retail space in downtown Sarasota.
    Where is this office units located?
    The property is located at 1517 State St Sarasota, FL.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: - Downtown Sarasota location on State St.; - 1,300 SF Office or Retail Space; - Street Front presence with street front glass
    (941) 915-7994
    Request Owner's contact information
    1517 State St Sarasota, FL 34236
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1517 State St
    Sarasota, FL 34236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1517 State St Sarasota, FL 34236
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ken Hoskinson, Jr.
    Real Estate License ID: #SL648297
    (941) 915-7994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!