Move-In Ready End-Cap Office
234 N RHODES AVENUE Unit 105 Sarasota, FL 34237
For Sale
$365,000
End-cap professional office condominium with private offices, reception, waiting room, kitchenette, restroom, and front and rear entrances.
Property Size1,050 SF
Price / SF$347.62
Days on Market95
Property Features for 234 N RHODES AVENUE Unit 105
General Information
- Standard status
- Active
- Size
- 1,050 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing Agency:
DOUGLAS ELLIMAN
(941) 867-6199
Listed By:
Rex Glasson · License #BK3067512
Source:
Xome
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 24 at 5:03AM
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 DOUGLAS ELLIMAN
Investment Insights
Based on property information with market context.
Move-in-ready end-cap office condominium in a professional office complex. The suite includes three private offices, a welcoming reception area, waiting room, kitchenette, a private restroom, and a storage/IT room, along with both front and rear entrances for practical day-to-day access.
The condominium association requires buyer approval and maintains a first right of refusal. Quarterly HOA dues are stated at $1,227 per unit.
This unit is approximately 1,050 SF and is presented as suitable for a range of professional office uses, with additional windows that support natural light as described in the remarks.
The condominium association requires buyer approval and maintains a first right of refusal. Quarterly HOA dues are stated at $1,227 per unit.
This unit is approximately 1,050 SF and is presented as suitable for a range of professional office uses, with additional windows that support natural light as described in the remarks.
Key Highlights
- Move‑in‑ready 1,050± SF end‑cap professional office condo built in 2007, with both front and rear entrances.
- Interior includes three private offices, reception area, waiting room, kitchenette, private restroom, and storage/IT room.
- Central air conditioning and 3 guest facilities included.
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 | $24.2k | $23.04 |
| − Vacancy | −$1.3k | −$1.27 |
| EGI | $22.9k | $21.77 |
| − OpEx | −$5.7k | −$5.44 |
| NOI | $17.1k | $16.33 |
1,050 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.9K
$214.3K – $285.8K
NOI $17,146 @ 7.0% cap · market cap 4.70%
Second Best
Healthcare Medical
$231.6K
$202.6K – $270.2K
NOI $16,211 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$308.8K
$270.2K – $360.2K
NOI $21,614 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elizabeth Carlson, CPA
Consultant
Cheryl LaFlame, Psy.D.
Physician
Jane Zarzecki, Ph.D., ...
Physician
Powell Family Chiropractic
Alternative Medicine Practice
Maceo Powell, DC
Alternative Medicine Practice
FAQs
What type of property is this?
Office units - End-cap professional office condominium with private offices, reception, waiting room, kitchenette, restroom, and front and rear entrances.
Where is this office units located?
The property is located at 234 N RHODES AVENUE Unit 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: Move‑in‑ready 1,050± SF end‑cap professional office condo built in 2007, with both front and rear entrances.; Interior includes three private offices, reception area, waiting room, kitchenette, private restroom, and storage/IT room.; Central air conditioning and 3 guest facilities included.
