Retail Storefront
234 N RHODES AVENUE 108 Sarasota, FL 34237
For Sale
$365,000
For-sale retail storefront suite in a strip-mall setting, positioned along N Rhodes Avenue in Sarasota County.
Property Size2,100 SF
Price / SF$173.81
Days on Market98
Property Features for 234 N RHODES AVENUE 108
General Information
Standard status
Active
Size
2,100 SF
Building Details
Year Built
2007
Listing Agency:
DOUGLAS ELLIMAN
(941) 587-6135
Listed By:
Rex Glasson · License #BK3067512
(941) 587-6135
Source:
Evrealestate
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 6:02AM
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.
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 For Retail
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 | $37.8k | $18.00 |
| − Vacancy | −$907 | −$0.43 |
| EGI | $36.9k | $17.57 |
| − OpEx | −$11.1k | −$5.27 |
| NOI | $25.8k | $12.30 |
2,100 SF · lease $18.00/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$368.9K
$322.8K – $430.4K
NOI $25,825 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.5K
$540.4K – $720.5K
NOI $43,228 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 AVENUE 108 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
