Seven-Office Professional
New
For Sale
$425,000
2831 RINGLING BLVD, Sarasota, FL 34237
Commercial Sale, SARASOTA, FL
Property Size1,384 SF
Price / SF$307.08
Days on Market2
Property Features for 2831 RINGLING BLVD
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CN
Window features
Aluminum Frames
Accessibility
Accessible Elevator Installed
Subdivision
RINGLING PROFESSIONAL CENTER
Lot features
City Limits, Near Golf Course
Directions
Start from Washington Blvd go East on Fruitville Rd, property is on your right just past Tuttle Ave.
Standard status
Active
APN
2031041013
Size
1,384 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 204 Ringling Professional Center Phase I
Tax Annual Amount
4285
Legal Description
Unit 204 Ringling Professional Center Phase I
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
1
Building materials
Cement Siding
Roof type
Metal
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Erick Shumway · License #3252868
(941) 544-3718
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 4:06AM
MLS# A4708526
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Office Unit 204 occupies the second floor of Building B and faces north. Its 1,384 square feet include a layout for up to seven offices, a conference room, and a reception area. An elevator serves the second-floor occupants. The building was constructed in 1981 and has cement siding and a metal roof.
The property is in Sarasota, near Ringling Boulevard, Tuttle Avenue, and Fruitville Road. Central air conditioning and heating serve the unit; public water and sewer are available.
The property is in Sarasota, near Ringling Boulevard, Tuttle Avenue, and Fruitville Road. Central air conditioning and heating serve the unit; public water and sewer are available.
Key Highlights
- 1,384 square feet on the second floor of Building B
- Layout allows for up to seven offices, plus a conference room and reception area
- Elevator serves the second‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,179
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,580
$403.6K
Cap Rate 7%
$288,271
$288.3K
Cap Rate 9%
$224,211
$224.2K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$29.9K $21.60/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$26.9K $19.44/SF
− OpEx
−$6.7K −$4.86/SF
NOI
$20.2K $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%
$403,580
Cap Rate 7%
$288,271
Cap Rate 9%
$224,211
Alternative Uses
Best Use
Office B
$288.3K
$252.2K – $336.3K
NOI $20,179 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.3K
$344.2K – $458.9K
NOI $27,534 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,215
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A second-floor layout includes a conference room, reception area, and elevator access.
Where is this office units located?
The property is located at 2831 RINGLING BLVD Sarasota, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,384 square feet on the second floor of Building B; Layout allows for up to seven offices, plus a conference room and reception area; Elevator serves the second‑floor units
