End-Unit Office
For Sale
Contact for pricing
202 N RHODES AVE, Sarasota, FL 34237
A single-story layout includes separate front and rear entrances for convenient access.
Property Size1,017 SF
Price / SF$334.22
Days on Market21
Property Features for 202 N RHODES AVE
General Information
Standard status
Active
Size
1,017 SF
Property subtype
Retail, Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Stories
1
Listing Agency:
Loyd Robbins & Co
Listed By:
Loyd Robbins · License #FL 3577625
(941) 957-9300
Source:
Crexi
Added: Sep 16
Changed: Sep 27
Last Checked: Oct 5 at 3:35PM
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 Loyd Robbins & Co
Investment Insights
Based on property information with market context.
This end-unit office condominium at Franklin Field Business Center contains 1,017± SF, arranged with three private offices, a reception and waiting area, a kitchenette and break room, a private restroom, and built-in storage. The reception space can also serve as a conference or collaborative work area. Windows on multiple sides bring natural light into the offices and main work areas. Wood-look flooring, neutral finishes, and updated cabinetry complete the interior; the suite also has entrances at both the front and rear.
The property is north of Fruitville Road and approximately 1.5 miles east of downtown Sarasota. Fruitville Road connects the area with downtown and I-75, with the I-75/Fruitville Road interchange about four miles east. US 301, Tuttle Avenue, and Sarasota-Bradenton International Airport are also within reach. Nearby context includes downtown businesses, government offices, restaurants, and residential neighborhoods.
The property is north of Fruitville Road and approximately 1.5 miles east of downtown Sarasota. Fruitville Road connects the area with downtown and I-75, with the I-75/Fruitville Road interchange about four miles east. US 301, Tuttle Avenue, and Sarasota-Bradenton International Airport are also within reach. Nearby context includes downtown businesses, government offices, restaurants, and residential neighborhoods.
Key Highlights
- 1,017± SF office condominium in Franklin Field Business Center
- Three private offices plus a reception area that can accommodate meetings or collaborative work
- Kitchenette/break room, private restroom, and built‑in storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,828
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,560
$296.6K
Cap Rate 7%
$211,829
$211.8K
Cap Rate 9%
$164,756
$164.8K
Market Conditions
NOI Build-Up for 1,017 SF
Gross rent
$22.0K $21.60/SF
− Vacancy
−$2.2K −$2.16/SF
EGI
$19.8K $19.44/SF
− OpEx
−$4.9K −$4.86/SF
NOI
$14.8K $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%
$296,560
Cap Rate 7%
$211,829
Cap Rate 9%
$164,756
Alternative Uses
Best Use
Office B
$211.8K
$185.4K – $247.1K
NOI $14,828 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.0K
$252.9K – $337.2K
NOI $20,233 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,034
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A single-story layout includes separate front and rear entrances for convenient access.
Where is this office units located?
The property is located at 202 N RHODES AVE Sarasota, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,017± SF office condominium in Franklin Field Business Center; Three private offices plus a reception area that can accommodate meetings or collaborative work; Kitchenette/break room, private restroom, and built‑in storage
