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

    775 John Ringling Blvd, Unit 3 Sarasota, FL 34236

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $479,000

    Waterfront 55+ community condo with bay views and amenities.

    Property size:
    882 SF

    Property Features for 775 John Ringling Blvd

    General Information

    Standard status
    Active
    Size
    882 SF

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Babette Paige
    Babette Paige
    Source: Exitrealty

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Babette Paige

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

    Learn more

    Overview

    Sarasota Harbor Waterfront Condo

    Located in the Sarasota Harbor East waterfront community, this ground-floor condominium is designed for residents aged 55 and above. The unit features two bedrooms and two full bathrooms. A new air conditioner was installed in 2024. The primary shower has been remodeled, and high-impact windows have been installed. Following Hurricane Helene, drywall work was completed to address water intrusion. An enclosed glass lanai provides a private retreat. The clubhouse includes a full kitchen, library, and restrooms. Residents have access to a large lap pool with bay front views. Additional amenities include docks, elevators, shuffleboard courts, kayak and bike storage, and a covered parking space. Guest parking spaces are available. The homeowners association fees cover docks, exterior building repairs, cable TV, a heated community pool, internet, exterior maintenance, ground maintenance, exterior pest control, pool maintenance, water, sewer, and trash disposal. Residents have easy access to St. Armand’s Circle, Lido Beach, and downtown Sarasota. A boat slip can accommodate a 30’ powerboat or sailboat. Deep-water boat slips are available on a first-come, first-served basis and are included in the homeowners association fees. The property size is 882 square feet.
    Location Intelligence

    Current Use by Public Records

    Able Charters Tour Operator

    Suggested Use

    Law Firm Restaurant Real Estate Agency 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.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.568664
    Latitude
    27.3239997

    Nearby Similar for Sale

    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      Flex space with office/warehouse, mezzanine, and convenient location.
      4430 Mcashton St, Sarasota, FL 34233
      View Details
    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      Flex space with office/warehouse, mezzanine, and convenient location.
      4430 Mcashton St, Sarasota, FL 34233
      View Details
    • $860,000
      2,010 SF

      Free-Standing Building on Bee Ridge Road

      Established nail salon or retail/office opportunity on Bee Ridge Road.
      3080 Bee Ridge Road Ext, Sarasota, FL 34239
      View Details
    • $399,000
      1,200 SF

      Sarasota Office Investment Opportunity

      Leased office space near Siesta Key and US 41.
      2477 Stickney Point Rd, Sarasota, FL 34231
      View Details
    • $779,000
      1,607 SF

      Downtown Sarasota Medical Office Opportunity

      Prime medical office with high visibility and ample parking.
      220 N Tuttle Ave, Sarasota, FL 34237
      View Details
    • $450,000
      9,882 SF

      Profitable Coastal Rental Business Opportunity

      Turnkey coastal rental business with immediate cash flow and growth potential.
      2239 15Th St, Sarasota, FL 34237
      View Details
    • $449,000
      1,350 SF

      Commercial Condo on Bee Ridge

      1,350 SF office/retail condo with excellent visibility and parking.
      4509 Bee Ridge Road Ext, Sarasota, FL 34233
      View Details
    • $480,000
      2,250 SF

      Industrial Condo with Full Air Conditioning

      2,250 sq ft corner unit with office and warehouse.
      6612 26Th Ct E, Sarasota, FL 34243
      View Details
    • $355,000
      1,274 SF

      Medical Office Condo Investment

      Leased medical office condo near Sarasota Memorial Hospital.
      2650 Bahia Vista St, Sarasota, FL 34239
      View Details
    • $5,900,000
      12,626 SF

      Downtown Sarasota Mixed-Use Redevelopment Opportunity

      Large downtown parcel with redevelopment potential and rare on-site parking.
      1565 State St, Sarasota, FL 34236
      View Details
    • $450,000
      799 SF

      Retail Condominium in Rosemary District

      Retail condominium in a mixed-use development, prime Rosemary District location.
      410 N Orange Ave, Sarasota, FL 34236
      View Details
    • $475,000
      2,250 SF

      Updated Flex Space Commercial Building

      Updated flex space with office and warehouse functionality.
      6640 26Th Ct E, Sarasota, FL 34243
      View Details

    FAQs

    What type of property is this?
    Residential income property - Waterfront 55+ community condo with bay views and amenities.
    Where is this residential income property located?
    The property is located at 775 John Ringling Blvd, Unit 3 Sarasota, FL.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - Premier waterfront 55+ community with panoramic Sarasota Bay views.; - Deep-water boat slip included in HOA fees (first-come, first-served), accommodating up to a 30' boat.; - Extensive clubhouse amenities: full kitchen, library, large bayfront lap pool.
    (941) 587-1045
    Request Owner's contact information
    775 John Ringling Blvd, Unit 3 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.
    775 John Ringling Blvd, Unit 3
    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
    775 John Ringling Blvd, Unit 3 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
    Babette Paige
    Babette Paige
    Real Estate License ID: 3239943
    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!