Second-Floor Office Double
For Sale
$950,000
1348 Fruitville Road Unit 203 & 20, Sarasota, FL 34236
Second-floor double office unit on Fruitville Road with on-site parking and income-earning flexibility for investors or owner-users.
Property Size2,428 SF
Price / SF$391.27
Days on Market95
Property Features for 1348 Fruitville Road Unit 203 & 20
General Information
Standard status
Active
Size
2,428 SF
Property subtype
Office
Additional Details
Office Units
2
Building Details
Year Built
2005
Listing Agency:
MICHAEL SAUNDERS & COMPANY
(941) 957-3730
Listed By:
Valarie Wadsworth · License #0689862
Source:
Xome
Added: May 3
Changed: Jul 10
Last Checked: Aug 5 at 4:38AM
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 MICHAEL SAUNDERS & COMPANY
Investment Insights
Based on property information with market context.
This offering is a 2,542 SF second-floor office double unit presented as two combined office spaces. It is positioned for office use with the flexibility to support either an owner-user or an investor approach based on existing income potential. The listing notes a lease rate of $25/SF NNN and also references quarterly condo fees for the combination of both units of $4,604 included in the NNN cost.
The property is located on Fruitville Road in downtown Sarasota and is described as highly visible within the downtown corridor. Access is supported by sufficient on-site parking, including two reserved spaces.
For tenants and owner-users, the second-floor layout can be a practical fit for teams that want an office address along a central, commercially active retail/office corridor. For investors, the asset is marketed around its existing income potential and the NNN structure, with condo fees for both units specifically called out as included in the NNN cost. The combination of two units also creates a straightforward option for occupancy planning where a single larger footprint may be desired.
The property is located on Fruitville Road in downtown Sarasota and is described as highly visible within the downtown corridor. Access is supported by sufficient on-site parking, including two reserved spaces.
For tenants and owner-users, the second-floor layout can be a practical fit for teams that want an office address along a central, commercially active retail/office corridor. For investors, the asset is marketed around its existing income potential and the NNN structure, with condo fees for both units specifically called out as included in the NNN cost. The combination of two units also creates a straightforward option for occupancy planning where a single larger footprint may be desired.
Key Highlights
- 2,542 SF second‑floor double office unit on Fruitville Road in downtown Sarasota
- Available for sale at $950,000 with lease rate of $25/SF NNN
- Central Air and guest facilities for 3
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 | $55.9k | $23.04 |
| − Vacancy | −$3.1k | −$1.27 |
| EGI | $52.9k | $21.77 |
| − OpEx | −$13.2k | −$5.44 |
| NOI | $39.6k | $16.33 |
2,428 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$566.4K
$495.6K – $660.8K
NOI $39,648 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.0K
$624.8K – $833.0K
NOI $49,980 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
4,803
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 - Second-floor double office unit on Fruitville Road with on-site parking and income-earning flexibility for investors or owner-users.
Where is this office units located?
The property is located at 1348 Fruitville Road Unit 203 & 20 Sarasota, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,542 SF second‑floor double office unit on Fruitville Road in downtown Sarasota; Available for sale at $950,000 with lease rate of $25/SF NNN; Central Air and guest facilities for 3
