South Sarasota Office
For Sale
$535,000
7085 S Tamiami Trl, Sarasota, FL 34231
Highly visible office condo in South Sarasota with flexible layout.
Property Size2,268 SF
Price / SF$235.89
Days on Market114
Property Features for 7085 S Tamiami Trl
General Information
Standard status
Active
Size
2,268 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
2,268 SF
Year Built
1984
Listing Agency:
American Property Group of Sarasota, Inc.
(941) 923-0535
Listed By:
Brian Seidel · License #3123085
(941) 923-0535
Source:
Thebrokerlist
Added: May 8
Changed: Aug 8
Last Checked: Aug 29 at 5:48AM
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 American Property Group of Sarasota, Inc.
Investment Insights
Based on property information with market context.
Located within Pine Park Centre on S Tamiami Trail (US-41) in Sarasota, this 2,268 SF office condo offers a functional layout suited for a variety of professional, administrative, medical, or service-based users. The property is zoned CG (Commercial General) and features a reception area, a conference room, 4 private offices, and 2 open office/work areas. It also includes a kitchenette and 2 restrooms. The property provides a combination of private offices and collaborative workspace, providing flexibility for a range of business operations. With ample on-site parking and close proximity to surrounding retail, restaurants, and residential communities, this location offers excellent accessibility for both clients and staff. The property is located off of S Tamiami Trail/ US-41 with access to Bispham Rd near Siesta Key & Gulf Gate. Position your business in a highly visible South Sarasota location along S Tamiami Trail (US-41).
Key Highlights
- Highly visible South Sarasota location on S Tamiami Trail (US‑41).
- Functional layout suitable for professional, administrative, medical, or service‑based users.
- Ample on‑site parking.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,720
$740.7K
Cap Rate 7%
$529,086
$529.1K
Cap Rate 9%
$411,511
$411.5K
Market Conditions
NOI Build-Up for 2,268 SF
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.
Gross rent
$52.3K $23.04/SF
− Vacancy
−$2.9K −$1.27/SF
EGI
$49.4K $21.77/SF
− OpEx
−$12.3K −$5.44/SF
NOI
$37.0K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,720
Cap Rate 7%
$529,086
Cap Rate 9%
$411,511
Alternative Uses
Best Use
Office B
$529.1K
$463.0K – $617.3K
NOI $37,036 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.9K
$583.6K – $778.1K
NOI $46,686 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Highly visible office condo in South Sarasota with flexible layout.
Where is this office units located?
The property is located at 7085 S Tamiami Trl Sarasota, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Highly visible South Sarasota location on S Tamiami Trail (US‑41).; Functional layout suitable for professional, administrative, medical, or service‑based users.; Ample on‑site parking.
