Private Office Units with Water
1561 LAKEFRONT DRIVE #203, Sarasota, FL 34240
For Sale
Contact for pricing
Month-to-month terms include utilities, internet, and use of a shared conference room and kitchenette.
Property Size120 SF
Price / SF$125
Days on Market10
Property Features for 1561 LAKEFRONT DRIVE #203
General Information
Standard status
Size
Class
Property subtype
Additional Details
Floor
Utilities to Site
Property Use
Amenities
water views
shared conference room
kitchenette
internet
27.55 acres
Additional parcels description:, Parcel Number: 0195010002, Annual Amount: $1, Legal Description: This is an office in a suite, Lot: 1, Year: 2026
Office Only, Central Air
Listing ID: MFRA4711532, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-10-31
Built in 2021, Living area units: Square Feet, Levels: One, Construction Materials: Block, Brick, Concrete
MLS Area (Major): 34240 - Sarasota, County/Parish: Sarasota
Leasable area: 120, Lake
Slab
Common Area Maintenance, Electricity, Gas, Internet, Repairs, Sewer, Taxes, Trash Collection, Water
Frontage Type: City Street, Road Surface: Asphalt
Building Details
Year Built
Tenancy
Listing Agency:
STAY THE KEY, INC
(941) 899-5077
Listed By:
Alex Buell · License FL #3666744
(518) 376-3338
Source:
Miharaandassociates
Added: Oct 31
Changed: Nov 8
Last Checked: Nov 8 at 6:19AM
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 STAY THE KEY, INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two lockable offices are available individually or together within a second-floor professional suite. Each offers approximately 120 SF of workspace, measuring 10' x 12', with a window overlooking the water. The suite also provides a shared conference room and kitchenette, and utilities and internet are included in the monthly arrangement.
Built in 2021, the offices are located in the Waterside Place community in Lakewood Ranch, surrounded by dining and shopping. Flexible month-to-month leasing is available.
Built in 2021, the offices are located in the Waterside Place community in Lakewood Ranch, surrounded by dining and shopping. Flexible month-to-month leasing is available.
Key Highlights
- Two individual lockable offices, each approximately 120 SF (10' x 12')
- Second‑floor professional suite with window views over the water
- Shared conference room and kitchenette; utilities and internet included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,750
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,000
$35.0K
Cap Rate 7%
$25,000
$25.0K
Cap Rate 9%
$19,444
$19.4K
Market Conditions
NOI Build-Up for 120 SF
Gross rent
$2.6K $21.60/SF
− Vacancy
−$259 −$2.16/SF
EGI
$2.3K $19.44/SF
− OpEx
−$583 −$4.86/SF
NOI
$1.7K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,000
Cap Rate 7%
$25,000
Cap Rate 9%
$19,444
Alternative Uses
Best Use
Office B
$25.0K
$21.9K – $29.2K
NOI $1,750 @ 7.0% cap · market cap 11.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.1K
$29.8K – $39.8K
NOI $2,387 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 34240, FL
14,428
Population
7,570
Households
1.9
Avg Household Size
49
Median Age
52%
College-Educated
98%
High-School Grad
66.5 sq mi
ZIP Area
217
Density / Sq Mi
$126,048
Median Household Income
$53,284
Median Earnings
$2,306
Median Rent
$622,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Sarasota, FL
Properties on Market for Office Units in Sarasota
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Month-to-month terms include utilities, internet, and use of a shared conference room and kitchenette.
Where is this office unit located?
The property is located at 1561 LAKEFRONT DRIVE #203 Sarasota, FL.
What are key features of this property?
This property features: Two individual lockable offices, each approximately 120 SF (10' x 12'); Second‑floor professional suite with window views over the water; Shared conference room and kitchenette; utilities and internet included
