Freestanding Office Building with
For Sale
Contact for pricing
2455 Bee Ridge Rd., Sarasota, FL 34239
OPI zoning supports office, medical, and institutional uses in a single-story setting.
Property Size2,375 SF
Lot Size0.24 Acres
Price / SF$208.42
Days on Market124
Property Features for 2455 Bee Ridge Rd.
General Information
Standard status
Active
Size
2,375 SF
Lot size
0.24 Acres
Property subtype
OFFICE
Zoning
OPI
Additional Details
Road Access
Yes
Amenities
private pool
covered lanai
Building Details
Year Built
1957
Buildings
1
Stories
1
Building Size
2,375 SF
Tenancy
Single
Listing Agency:
MS&C Commercial
(404) 542-0364
Listed By:
Eric Barnes · License #604760
(404) 542-0364
Source:
Moodyscre
Added: Apr 29
Changed: Aug 22
Last Checked: Aug 29 at 7:21AM
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 MS&C Commercial
Investment Insights
Based on property information with market context.
This freestanding, single-story office building contains 2,375 square feet on a 0.24-acre parcel. Constructed in 1957 and lightly updated in 2016, the property includes a private pool and covered lanai. The existing improvements offer a distinctive setting for professional, medical, institutional, or creative office operations.
OPI zoning—Office, Professional and Institutional—allows a broad range of office, medical, and institutional uses, with residential use permitted in conjunction with a professional office. The property fronts Bee Ridge Road, which carries more than 25,000 vehicles daily, and is near Sarasota Memorial Hospital, Southside Village, downtown Sarasota, and Siesta Key. Sarasota-Bradenton International Airport is 19 minutes away.
The building is configured as a single-tenant property. Potential applications identified for the site include mental and behavioral health, concierge medicine, aquatic physical therapy, dental specialty, boutique law, wealth management, family office, and creative studio uses, subject to confirmation of specific approvals with Sarasota County.
OPI zoning—Office, Professional and Institutional—allows a broad range of office, medical, and institutional uses, with residential use permitted in conjunction with a professional office. The property fronts Bee Ridge Road, which carries more than 25,000 vehicles daily, and is near Sarasota Memorial Hospital, Southside Village, downtown Sarasota, and Siesta Key. Sarasota-Bradenton International Airport is 19 minutes away.
The building is configured as a single-tenant property. Potential applications identified for the site include mental and behavioral health, concierge medicine, aquatic physical therapy, dental specialty, boutique law, wealth management, family office, and creative studio uses, subject to confirmation of specific approvals with Sarasota County.
Key Highlights
- 2,375 SF single‑story freestanding office building
- 0.24 AC lot with private pool and covered lanai
- OPI zoning for Office, Professional & Institutional uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,783
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,660
$775.7K
Cap Rate 7%
$554,043
$554.0K
Cap Rate 9%
$430,922
$430.9K
Market Conditions
NOI Build-Up for 2,375 SF
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.
Gross rent
$54.7K $23.04/SF
− Vacancy
−$3.0K −$1.27/SF
EGI
$51.7K $21.77/SF
− OpEx
−$12.9K −$5.44/SF
NOI
$38.8K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,660
Cap Rate 7%
$554,043
Cap Rate 9%
$430,922
Alternative Uses
Best Use
Office B
$554.0K
$484.8K – $646.4K
NOI $38,783 @ 7.0% cap · market cap 7.83%
Second Best
Healthcare Medical
$523.8K
$458.3K – $611.1K
NOI $36,667 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,114
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - OPI zoning supports office, medical, and institutional uses in a single-story setting.
Where is this office building located?
The property is located at 2455 Bee Ridge Rd. Sarasota, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,375 SF single‑story freestanding office building; 0.24 AC lot with private pool and covered lanai; OPI zoning for Office, Professional & Institutional uses
