Retail Storefront
For Sale
$365,000
234 N RHODES Ave 105, Sarasota, FL 34237
For-sale retail storefront suite in a strip-mall setting, positioned along N Rhodes Avenue in Sarasota County.
Property Size1,050 SF
Days on Market136
Property Features for 234 N RHODES Ave 105
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,685
Building Details
Building Size
1,050 SF
Year Built
2007
Listing Agency:
Sarasota
Listed By:
Rex Glasson · License #BK3067512
(941) 587-6135
Source:
Elliman
Added: Jun 10
Changed: Oct 22
Last Checked: Oct 23 at 8:32AM
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 Sarasota
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Investment Insights
Based on property information with market context.
This for-sale retail storefront suite is identified as Unit 108 at 234 N Rhodes Avenue. The offering falls within the property’s strip-mall and storefront property categories, aligning with a retail-focused buildout suitable for street-level merchandising and customer access.
The property is located in Sarasota, Florida (Sarasota County). Public directions indicate travel east on Fruitville past Tuttle, then left on Rhodes to reach the address.
As a storefront unit, this space is a practical fit for retail operators seeking a dedicated, street-facing location within a multi-tenant retail setting. It is well-suited for businesses that benefit from walk-in customer traffic and a retail storefront presence, based on the property type and suite configuration provided in the listing information.
The property is located in Sarasota, Florida (Sarasota County). Public directions indicate travel east on Fruitville past Tuttle, then left on Rhodes to reach the address.
As a storefront unit, this space is a practical fit for retail operators seeking a dedicated, street-facing location within a multi-tenant retail setting. It is well-suited for businesses that benefit from walk-in customer traffic and a retail storefront presence, based on the property type and suite configuration provided in the listing information.
Key Highlights
- Retail storefront suite in a strip‑mall setting
- Located along N Rhodes Avenue in Sarasota County
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,405
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,100
$328.1K
Cap Rate 7%
$234,357
$234.4K
Cap Rate 9%
$182,278
$182.3K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$25.2K $24.00/SF
− Vacancy
−$1.8K −$1.68/SF
EGI
$23.4K $22.32/SF
− OpEx
−$7.0K −$6.70/SF
NOI
$16.4K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,100
Cap Rate 7%
$234,357
Cap Rate 9%
$182,278
Alternative Uses
Best Use
Retail
$234.4K
$205.1K – $273.4K
NOI $16,405 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.4K
$261.1K – $348.2K
NOI $20,889 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 15%
Home Improvements & Furnishings 11%
Bank of America
Shops & Services
5,647 visits/mo
0.3 miles
Circle K
Shops & Services
5,229 visits/mo
0.3 miles
Texaco
Shops & Services
5,061 visits/mo
0.2 miles
Texaco Station
Shops & Services
4,930 visits/mo
0.2 miles
Little Caesars Pizza
Dining
4,114 visits/mo
0.2 miles
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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Market
Vacancy Rate% for Retail in Sarasota, FL
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront suite in a strip-mall setting, positioned along N Rhodes Avenue in Sarasota County.
Where is this storefront property located?
The property is located at 234 N RHODES Ave 105 Sarasota, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Retail storefront suite in a strip‑mall setting; Located along N Rhodes Avenue in Sarasota County; Central air conditioning
