Renovated Mixed-Use Office
1670 Stickney Point Rd, Sarasota, FL 34231
For Sale
$729,000
Office and apartment configuration supports owner occupancy, private use, or apartment leasing.
Property Size1,632 SF
Price / SF$446.69
Days on Market94
Property Features for 1670 Stickney Point Rd
General Information
Standard status
Size
Class
Property subtype
Site & Location
Highway Access
Road Access
Amenities
private patio
Building Details
Building Size
Year Renovated
Buildings
Listing Agency:
American Property Group of Sarasota, Inc.
Listed By:
Marcia Cuttler · License ##SL3011453
(941) 923-0535
Source:
Thebrokerlist
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 2:10AM
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 1,632 SF of office space with a one-bedroom apartment. The building underwent a full renovation in 2023, including new electrical and plumbing systems, wood flooring, impact-rated windows, and contemporary interior finishes. Two offices include adjoining acoustic soundproof walls, and the roof is approximately three to four years old. A landscaped private patio adds outdoor space at the rear.
Located at 1670 Stickney Point Rd in Sarasota, the property sits between South Tamiami Trail and Midnight Pass Road, with access to US-41, Siesta Key, nearby residential areas, shopping, dining, and professional services. The apartment includes a washer and dryer and may be used for seasonal, six-month, or annual rental arrangements. The office and apartment can also be used privately or occupied by an owner-user.
Located at 1670 Stickney Point Rd in Sarasota, the property sits between South Tamiami Trail and Midnight Pass Road, with access to US-41, Siesta Key, nearby residential areas, shopping, dining, and professional services. The apartment includes a washer and dryer and may be used for seasonal, six-month, or annual rental arrangements. The office and apartment can also be used privately or occupied by an owner-user.
Key Highlights
- ±1,632 SF office with one‑bedroom apartment
- Full renovation completed in 2023
- New electrical and plumbing systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,070
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,400
$581.4K
Cap Rate 7%
$415,286
$415.3K
Cap Rate 9%
$323,000
$323.0K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$49.0K $30.00/SF
− Vacancy
−$2.4K −$1.50/SF
EGI
$46.5K $28.50/SF
− OpEx
−$17.4K −$10.69/SF
NOI
$29.1K $17.81/SF
Area
Sarasota County, FL
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,400
Cap Rate 7%
$415,286
Cap Rate 9%
$323,000
Alternative Uses
Best Use
Mixed Use
$415.3K
$363.4K – $484.5K
NOI $29,070 @ 7.0% cap · market cap 3.99%
Second Best
Office B
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,282
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
$363,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Sarasota, FL
Properties on Market for Mixed-use properties in Sarasota
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and apartment configuration supports owner occupancy, private use, or apartment leasing.
Where is this mixed-use property located?
The property is located at 1670 Stickney Point Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: ±1,632 SF office with one‑bedroom apartment; Full renovation completed in 2023; New electrical and plumbing systems
