Freestanding Office
For Sale
Contact for pricing
Pending
2014 4th St, Sarasota, FL 34237
Downtown office property near the Sarasota County Courthouse, with a prior law-office use.
Property Size6,484 SF
Days on Market899
Property Features for 2014 4th St
General Information
Standard status
Pending
Size
6,484 SF
Property subtype
OFFICE
Building Details
Buildings
1
Building Size
6,484 SF
Listing Agency:
Ian Black Real Estate, LLC
(941) 321-1634
Listed By:
Stephen G Horn · License #BK3062100
(941) 321-1634
Source:
Moodyscre
Added: Feb 16, 2024
Changed: Jul 31
Last Checked: Aug 3 at 4:43AM
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 Ian Black Real Estate, LLC
Investment Insights
Based on property information with market context.
This 6,484 SF freestanding office building is located in downtown Sarasota. The property has been used as a law office, providing an established office configuration for continued professional use.
The building is positioned just north of Fruitville Rd and east of US 301, with walkable access to the Sarasota County Courthouse. Additional land may be available for parking if required.
The building is positioned just north of Fruitville Rd and east of US 301, with walkable access to the Sarasota County Courthouse. Additional land may be available for parking if required.
Key Highlights
- 6,484 SF freestanding office building
- Located in downtown Sarasota
- Previously used as a law office
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 | $149.4k | $23.04 |
| − Vacancy | −$8.2k | −$1.27 |
| EGI | $141.2k | $21.77 |
| − OpEx | −$35.3k | −$5.44 |
| NOI | $105.9k | $16.33 |
6,484 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,881 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,472 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
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 building - Downtown office property near the Sarasota County Courthouse, with a prior law-office use.
Where is this office building located?
The property is located at 2014 4th St Sarasota, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 6,484 SF freestanding office building; Located in downtown Sarasota; Previously used as a law office
