Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Unit Office Building Title is generated by Realmo AI

    1859 Northgate Blvd, Sarasota, FL 34234

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Nicely built-out office units with a large rear parking lot and flexible interior options for diverse business layouts.

    Type:Office
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:04 am

    Property Features for 1859 Northgate Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Brian Seidel
    Brian Seidel

    Listing agent Brian Seidel License #3123085

    Listing office American Property Group of Sarasota, Inc.

    Listing date Jun 2, 2026

    Source Americanpropertygroup

    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.

    HighLights

    • 1988‑built multi‑unit building in Northgate
    • Large rear parking lot
    • Close to Northgate Center entrance and US 301
    • Nicely built‑out office units with flexible interior layout options

    Overview

    This multi-unit office building offers a nicely built-out setup designed for practical day-to-day use. The interior configuration can be easily modified to support a variety of office layouts, making it a workable option for tenants with different space planning needs.

    Located in Northgate, the property provides proximity to the entrance of Northgate Center and to US 301. A large rear parking lot supports convenient access for employees and visitors.

    Because the space is already improved and can be adjusted for different internal arrangements, the building is well suited for professional office users seeking flexibility without starting from scratch. Tenants looking for a multi-suite environment with on-site parking should find the layout and modification potential particularly useful as their operations evolve.
    Location Intelligence

    Current Use by Public Records

    Quest Design Group, ... Construction Company Helping Hands Ministries Charitable Organization Manasota Christian Community ... Charitable Organization Stewart Engineering Consultants: ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.533576
    Latitude
    27.3724253

    Nearby Similar for Lease

    • $3,600/Mo
      2,600 SF

      Renovated Flex Space in Sarasota

      High-visibility flex space near downtown and the airport.
      2135 12 STREET, SARASOTA, FL 34237
      View Details
    • $2,000/Mo
      1,100 SF

      Sarasota Office Space Available

      Office space for rent in Sarasota with flexible options.
      2063 MAIN STREET, SARASOTA, FL 34237
      View Details
    • $2,395/Mo
      1,100 SF

      Sarasota Warehouse Space For Lease

      Prime warehouse space near I-75 and Fruitville Rd, Sarasota.
      8235 BLAIKIE COURT, SARASOTA, FL 34240
      View Details
    • $31,200 SF/Yr
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen, Sarasota, FL 34232
      View Details
    • $27 SF/Yr
      2,880 SF

      Standalone Office Building with Canopy

      Standalone office space with street-facing visibility, adaptable layout, and a former bank drive-through canopy for flexible concepts.
      7231 South Tamiami Trail, Sarasota, FL 34231
      View Details
    • $210,000 SF/Yr
      4,625 SF

      Freestanding Warehouse with Showroom

      Two-building flex setup with warehouse and showroom/office on a high-visibility corner lot near I-75.
      4343 Clark Rd, Sarasota, FL 34233
      View Details
    • $20 SF/Yr
      8,225 SF

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S BENEVA ROAD, SARASOTA, FL 34238
      View Details
    • Sponsored
      Contact for pricing

      FL, Sarasota - Lakewood Ranch

      6901 Professional Pkwy, Sarasota, FL 34240
      View Details
    • $1,649,000 SF/Yr
      9,971 SF

      Office/Warehouse Flex Space

      Flex office and warehouse configuration designed to accommodate two users, with quick access to I-75 via Fruitville Road.
      78 Sarasota Center Blvd, Sarasota, FL 34240
      View Details
    • $129-$8,606/Mo
      11-1,292 SF

      Sarasota Courthouse

      1990 Main St, Unit 750, Sarasota, FL 34236
      View Details
    • $1,698,000 SF/Yr
      7,794 SF

      Multi-Story Office Building

      Income-producing multi-story office building with diverse, long-term tenants and convenient corridor access.
      3100 Southgate Circle, Sarasota, FL 34239
      View Details
    • $20 SF/Yr
      150-150 SF

      medical-offices

      7013 S Tamiami Trl, Sarasota, FL 34231
      View Details

    FAQs

    What type of property is this?
    Office units - Nicely built-out office units with a large rear parking lot and flexible interior options for diverse business layouts.
    Where is this office units located?
    The property is located at 1859 Northgate Blvd Sarasota, FL.
    What are key features of this property?
    This property features: 1988‑built multi‑unit building in Northgate; Large rear parking lot; Close to Northgate Center entrance and US 301
    (941) 544-2970
    We can help!
    Listing Contact
    Brian Seidel
    Brian Seidel
    Real Estate License ID: 3123085
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1859 Northgate Blvd, Sarasota, FL 34234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!