End-Cap Professional Office
For Sale
$365,000
234 N Rhodes Ave Unit 108, Sarasota, FL 34237
Efficient office condominium layout with private workrooms, meeting space, reception, kitchenette, storage, and dedicated restroom.
Property Size1,050 SF
Price / SF$347.62
Days on Market53
Property Features for 234 N Rhodes Ave Unit 108
General Information
Standard status
Active
Size
1,050 SF
Additional Details
HOA Fee
$409
Office Units
1
Building Details
Year Built
2007
Listing Agency:
DOUGLAS ELLIMAN
Listed By:
Rex Glasson · License #BK3067512
(941) 587-6135
Source:
Susannelosso
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 7 at 3:43PM
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
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Investment Insights
Based on property information with market context.
This end-cap office condominium at 234 N Rhodes Ave Unit 108 provides approximately 1,050 SF of professional workspace in a 2007 building. The interior includes three private offices, a conference room, reception area, kitchenette, private restroom, dedicated storage/IT room, and separate front and rear entrances. Additional windows bring natural light to the suite and support its end-cap configuration.
The property is in Sarasota, minutes from Downtown Sarasota and major commercial corridors. Its office layout accommodates a range of professional users, including medical, dental, legal, accounting, financial, insurance, real estate, consulting, and wellness practices. Buyer approval is required by the condominium association, which also maintains a first right of refusal.
The property is in Sarasota, minutes from Downtown Sarasota and major commercial corridors. Its office layout accommodates a range of professional users, including medical, dental, legal, accounting, financial, insurance, real estate, consulting, and wellness practices. Buyer approval is required by the condominium association, which also maintains a first right of refusal.
Key Highlights
- End‑cap office condominium with additional windows and natural light
- Approximately 1,050 SF of office space
- Three private offices plus a conference room and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,309
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,180
$306.2K
Cap Rate 7%
$218,700
$218.7K
Cap Rate 9%
$170,100
$170.1K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$22.7K $21.60/SF
− Vacancy
−$2.3K −$2.16/SF
EGI
$20.4K $19.44/SF
− OpEx
−$5.1K −$4.86/SF
NOI
$15.3K $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%
$306,180
Cap Rate 7%
$218,700
Cap Rate 9%
$170,100
Alternative Uses
Best Use
Office B
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 4.19%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Efficient office condominium layout with private workrooms, meeting space, reception, kitchenette, storage, and dedicated restroom.
Where is this office unit located?
The property is located at 234 N Rhodes Ave Unit 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: End‑cap office condominium with additional windows and natural light; Approximately 1,050 SF of office space; Three private offices plus a conference room and reception area
