Office Suites with Avenue
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1258 N Palm Ave, Sarasota, FL 34236
Flexible three-suite office layout with substantial storefront glass-line exposure along Palm Avenue.
Property Size9,572 SF
Price / SF$543.25
Days on Market164
Property Features for 1258 N Palm Ave
General Information
Standard status
Active
Size
9,572 SF
Property subtype
RETAIL
Listing Agency:
HEMBREE & ASSOCIATES INC
(941) 685-5869
Listed By:
Joe C Hembree · License #3213168
(941) 685-5869
Source:
Moodyscre
Added: Feb 19
Changed: Jul 30
Last Checked: Aug 1 at 2:26PM
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.
1258 N Palm Ave offers a flexible three-office layout designed for owner-users or suite leasing. The space totals 9,527 SF and can be occupied as a whole, or separated so one suite can be used while the other offices are leased. Each unit has a structural slab-to-slab height of roughly 12 feet, supporting practical buildout and branding flexibility.
The property provides 100 feet of frontage along Palm Avenue, offering strong glass-line exposure for natural light and visibility. The building sits in the bayfront area amid ongoing development, including the Bay Park project and new luxury condominiums.
For tenants seeking multiple offices under one roof, the configuration supports a range of occupancy strategies while keeping the overall footprint cohesive for branding and workflow.
The property provides 100 feet of frontage along Palm Avenue, offering strong glass-line exposure for natural light and visibility. The building sits in the bayfront area amid ongoing development, including the Bay Park project and new luxury condominiums.
For tenants seeking multiple offices under one roof, the configuration supports a range of occupancy strategies while keeping the overall footprint cohesive for branding and workflow.
Key Highlights
- 9,527 SF total footprint with flexible three‑office layout
- 100 feet of frontage along Palm Avenue with glass‑line exposure
- Option to occupy the entire office space or lease individual suites
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 | $220.5k | $23.04 |
| − Vacancy | −$12.1k | −$1.27 |
| EGI | $208.4k | $21.77 |
| − OpEx | −$52.1k | −$5.44 |
| NOI | $156.3k | $16.33 |
9,572 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.61M
NOI $156,307 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $197,038 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
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 - Flexible three-suite office layout with substantial storefront glass-line exposure along Palm Avenue.
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: 9,527 SF total footprint with flexible three‑office layout; 100 feet of frontage along Palm Avenue with glass‑line exposure; Option to occupy the entire office space or lease individual suites
