Freestanding Medical-Office
For Sale
Contact for pricing
2455 BEE RIDGE RD, Sarasota, FL 34239
Single-story office building with private pool and covered lanai on Bee Ridge Road in an OPI zoning district.
Property Size2,375 SF
Lot Size0.24 Acres
Price / SF$231.58
Days on Market104
Property Features for 2455 BEE RIDGE RD
General Information
Standard status
Active
Size
2,375 SF
Class
C
Lot size
0.24 Acres
Property subtype
Office, Mixed Use
Zoning
OPI
Investment Type
Owner/User
Site & Location
Traffic Count
25,000 vehicles/day
Road Access
Yes
Amenities
private pool
covered lanai
Building Details
Year Built
1957
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Michael Saunders & Company
(941) 809-6351
Listed By:
Eric Barnes · License #SL3600406
Source:
Crexi
Added: Apr 29
Changed: Aug 8
Last Checked: Aug 9 at 8:59AM
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 Michael Saunders & Company
Investment Insights
Based on property information with market context.
This freestanding, single-story office building offers a 2,375 SF layout on a 0.24-acre site. Built in 1957 and lightly updated in 2016, the property includes a private pool and a covered lanai that can support client-facing or operational use tied to office, medical, or institutional activity. The building is positioned at a higher elevation than the surrounding area and is offered as a single-tenant asset.
The property fronts Bee Ridge Road and benefits from OPI zoning, described as Office, Professional & Institutional. It is located within minutes of Sarasota Memorial Hospital, Southside Village, downtown Sarasota, and Siesta Key, with Sarasota/Bradenton International Airport approximately 19 minutes away, based on the information provided.
The listing notes flexibility for professional and medical uses under OPI zoning, and advises buyers to confirm specific use approval with Sarasota County prior to closing. Offered with a standalone site and private outdoor amenity, the building is suited for buyers planning a tailored interior refresh to match their practice or office concept.
The property fronts Bee Ridge Road and benefits from OPI zoning, described as Office, Professional & Institutional. It is located within minutes of Sarasota Memorial Hospital, Southside Village, downtown Sarasota, and Siesta Key, with Sarasota/Bradenton International Airport approximately 19 minutes away, based on the information provided.
The listing notes flexibility for professional and medical uses under OPI zoning, and advises buyers to confirm specific use approval with Sarasota County prior to closing. Offered with a standalone site and private outdoor amenity, the building is suited for buyers planning a tailored interior refresh to match their practice or office concept.
Key Highlights
- 2,375 SF single‑story building on Bee Ridge Rd with OPI zoning (office, professional & institutional) and Sarasota County use flexibility
- Set on a 0.24‑acre lot (10,524 SF) with a private pool and covered lanai
- Built in 1957; lightly updated in 2016
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
7.05%
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 7.05%
Second Best
Healthcare Medical
$523.8K
$458.3K – $611.1K
NOI $36,667 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
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
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with private pool and covered lanai on Bee Ridge Road in an OPI zoning district.
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 $550,000.
What are key features of this property?
This property features: 2,375 SF single‑story building on Bee Ridge Rd with OPI zoning (office, professional & institutional) and Sarasota County use flexibility; Set on a 0.24‑acre lot (10,524 SF) with a private pool and covered lanai; Built in 1957; lightly updated in 2016
