Remodeled Office Building on Bee
For Sale
$3,600,000
2030 Bee Ridge Road, Sarasota, FL 34239
Fully renovated commercial office building with high visibility on Bee Ridge.
Property Size9,441 SF
Price / SF$381.32
Days on Market281
Property Features for 2030 Bee Ridge Road
General Information
Standard status
Active
Size
9,441 SF
Class
B
Property subtype
Office
Building Details
Building Size
9,441 SF
Year Built
1987
Listing Agency:
SVN | Commercial Advisory Group Sarasota
(941) 812-7437
Listed By:
Mike Migone CCIM · License #FL #BK399768
(941) 812-7437
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 12
Last Checked: Aug 29 at 6:14AM
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 SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This commercial property is located on Bee Ridge Road, a corridor with traffic volumes exceeding 35,000 vehicles daily. The remodeled office building features a new roof installed in 2024, updated interiors, and a resurfaced parking lot. Its central location provides access to Sarasota Memorial Hospital approximately 2 miles west, Siesta Key Beach a 15-minute drive southwest, Marie Selby Botanical Gardens about 4 miles west, and St. Armands Circle roughly 6 miles west. I-75 is approximately 3 miles east and U.S. 41 (Tamiami Trail) is about 2 miles west. The 9,441-square-foot property is suitable for medical, professional, or service-based businesses. A neighboring income-producing duplex is also available for $375,000, but cannot be sold separately. There is a one year sale lease back opportunity.
Key Highlights
- Prime location on high‑traffic Bee Ridge Road (SR 758) offering exceptional visibility with over 35,000 vehicles daily.
- Fully remodeled building with updated interiors and resurfaced parking lot.
- New roof installed in 2024.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$154,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,083,360
$3.1M
Cap Rate 7%
$2,202,400
$2.2M
Cap Rate 9%
$1,712,978
$1.7M
Market Conditions
NOI Build-Up for 9,441 SF
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.
Gross rent
$217.5K $23.04/SF
− Vacancy
−$12.0K −$1.27/SF
EGI
$205.6K $21.77/SF
− OpEx
−$51.4K −$5.44/SF
NOI
$154.2K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,083,360
Cap Rate 7%
$2,202,400
Cap Rate 9%
$1,712,978
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,168 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,341 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
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 - Fully renovated commercial office building with high visibility on Bee Ridge.
Where is this office building located?
The property is located at 2030 Bee Ridge Road Sarasota, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Prime location on high‑traffic Bee Ridge Road (SR 758) offering exceptional visibility with over 35,000 vehicles daily.; Fully remodeled building with updated interiors and resurfaced parking lot.; New roof installed in 2024.
