Office Building with Avenue
1258 N Palm Ave Sarasota, FL 34236
1258 N Palm Ave, Sarasota, FL, 34236
Contact for pricing
For Sale
Contact for pricing
Flexible three-office layout with 100 feet of frontage for strong glass-line exposure and branding.
Property Size9,527 SF
Price / SF$545.82
Days on Market152
Property Features for 1258 N Palm Ave
General Information
- Standard status
- Active
- Size
- 9,527 SF
- Property subtype
- Office
Listing agency
Hembree & Associates Inc
(941) 951-1776
Listed by
Joe Hembree · License #FL
Source
Crexi
Added: Feb 19 Updated: Jul 20 at 6:56PM Checked: Jul 20 at 6:56PM
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 Hembree & Associates Inc
Investment Insights
Based on property information with market context.
This office building offers a flexible three-office configuration, designed to accommodate an owner-user occupying the full footprint or a single suite while leasing the others. The building totals 9,527 SF and features slab-to-slab heights of approximately 12 feet per unit, supporting a practical, full-height commercial office feel.
The property provides 100 feet of frontage along Palm Avenue, with glass-line exposure intended to support natural light and on-street branding. Located at 1258 N Palm Ave in Sarasota, Florida, the building is positioned within the Bay Plaza setting described in the remarks.
Each unit is constructed with slab-to-slab ceiling heights of roughly 12 feet, creating a consistent interior standard across the three-office layout. The remarks further note a blend of historic character and modern structural integrity, along with tech-readiness for contemporary workplace needs.
The property provides 100 feet of frontage along Palm Avenue, with glass-line exposure intended to support natural light and on-street branding. Located at 1258 N Palm Ave in Sarasota, Florida, the building is positioned within the Bay Plaza setting described in the remarks.
Each unit is constructed with slab-to-slab ceiling heights of roughly 12 feet, creating a consistent interior standard across the three-office layout. The remarks further note a blend of historic character and modern structural integrity, along with tech-readiness for contemporary workplace needs.
Key Highlights
- Flexible three‑office layout in a 9,527 SF footprint—owner‑user can occupy all or lease individual suites
- 100 feet of frontage along Palm Avenue for glass‑line exposure and branding
- Each unit features approximately 12‑foot slab‑to‑slab height
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.5k | $23.04 |
| − Vacancy | −$12.1k | −$1.27 |
| EGI | $207.4k | $21.77 |
| − OpEx | −$51.9k | −$5.44 |
| NOI | $155.6k | $16.33 |
9,527 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,572 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,111 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Studio Dan Meiners
Hotel & Motel
Electric Mix Music
Department Store
Online Trading Expo ...
Marketing & Advertising
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FAQs
What type of property is this?
Office units - Flexible three-office layout with 100 feet of frontage for strong glass-line exposure and branding.
Where is this office units located?
The property is located at 1258 N Palm Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Flexible three‑office layout in a 9,527 SF footprint—owner‑user can occupy all or lease individual suites; 100 feet of frontage along Palm Avenue for glass‑line exposure and branding; Each unit features approximately 12‑foot slab‑to‑slab height
