Renovated Two-Story Wellness
For Sale
Contact for pricing
Pending
2345 Bee Ridge Rd, Sarasota, FL 34239
Salon and spa buildouts include treatment rooms, integrated sinks, and included FF&E.
Property Size3,670 SF
Days on Market204
Property Features for 2345 Bee Ridge Rd
General Information
Standard status
Pending
Size
3,670 SF
Property subtype
Retail
Building Details
Year Built
1984
Year Renovated
2023
Buildings
1
Stories
2
Listing Agency:
Hembree & Associates Inc
Listed By:
Joe Hembree · License #FL
(941) 951-1776
Source:
Crexi
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 14 at 9:08PM
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 Hembree & Associates Inc
Investment Insights
Based on property information with market context.
This 3,670-square-foot, two-story wellness property combines a salon-oriented ground floor with a spa-focused upper level. The building was extensively renovated in 2023 and includes furniture, fixtures, and equipment. The lower level is configured for full-service salon operations, while the second floor provides a pedicure station, private treatment rooms with integrated sinks, and executive office space.
Built in 1984, the property is positioned along Bee Ridge Road in Sarasota. Its existing improvements provide distinct service and office areas within one commercial building, supporting continued use as a spa and wellness facility.
Built in 1984, the property is positioned along Bee Ridge Road in Sarasota. Its existing improvements provide distinct service and office areas within one commercial building, supporting continued use as a spa and wellness facility.
Key Highlights
- 3,670 SF two‑story wellness property
- Extensively renovated in 2023
- Ground‑floor full‑service salon layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,340
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,800
$1.1M
Cap Rate 7%
$819,143
$819.1K
Cap Rate 9%
$637,111
$637.1K
Market Conditions
NOI Build-Up for 3,670 SF
Gross rent
$88.1K $24.00/SF
− Vacancy
−$6.2K −$1.68/SF
EGI
$81.9K $22.32/SF
− OpEx
−$24.6K −$6.70/SF
NOI
$57.3K $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%
$1,146,800
Cap Rate 7%
$819,143
Cap Rate 9%
$637,111
Alternative Uses
Best Use
Retail
$819.1K
$716.8K – $955.7K
NOI $57,340 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,013 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
149k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 30%
Groceries 16%
Apparel 12%
Aldi
Groceries
23,590 visits/mo
0.2 miles
McDonald's
Dining
23,544 visits/mo
0.4 miles
Macy's
Apparel
17,905 visits/mo
0.3 miles
Five Below
Shops & Services
17,183 visits/mo
0.5 miles
Sonny's BBQ
Dining
9,923 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sarasota, FL
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Salon and spa buildouts include treatment rooms, integrated sinks, and included FF&E.
Where is this spa & wellness property located?
The property is located at 2345 Bee Ridge Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,670 SF two‑story wellness property; Extensively renovated in 2023; Ground‑floor full‑service salon layout
