Second-Floor Office
For Sale
$250,000
2831 Ringling Blvd #214E, Sarasota, FL 34237
CN-zoned office condominium with private offices, balconies, kitchenette, restroom, and elevator access.
Property Size635 SF
Price / SF$393.70
Days on Market53
Property Features for 2831 Ringling Blvd #214E
General Information
Standard status
Active
Size
635 SF
Class
B
Elevators
Yes
Property subtype
Office - General Office
Zoning
CN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Amenities
mature landscaping
attractive architecture
private covered balconies
kitchenette
Building Details
Building Size
635 SF
Year Built
1981
Listing Agency:
Loyd Robbins & Co
Listed By:
Loyd Robbins · License #3577625
(941) 957-9300
Source:
Commercialcafe
Added: Aug 25
Changed: Oct 15
Last Checked: Oct 14 at 8:35PM
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 Loyd Robbins & Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 635 SF second-floor office condominium at Ringling Professional Center includes a reception and work area, three private offices, a private restroom, and a kitchenette. Large windows bring natural light into the suite, while 2 private covered balconies add outdoor spaces for occupants. The building provides elevator service, and the center includes mature landscaping, attractive architecture, and ample parking.
Positioned along Ringling Boulevard near Fruitville Road, the property is close to Downtown Sarasota, Sarasota Memorial Hospital, the Sarasota County Courthouse, Tuttle Avenue, US-41, and Interstate 75. The surrounding area includes professional offices, medical providers, government services, restaurants, retail centers, and residential neighborhoods. Access is available from Ringling Boulevard or Fruitville Road. CN zoning supports professional office use, and the 1981 building serves businesses seeking a central Sarasota office location.
Positioned along Ringling Boulevard near Fruitville Road, the property is close to Downtown Sarasota, Sarasota Memorial Hospital, the Sarasota County Courthouse, Tuttle Avenue, US-41, and Interstate 75. The surrounding area includes professional offices, medical providers, government services, restaurants, retail centers, and residential neighborhoods. Access is available from Ringling Boulevard or Fruitville Road. CN zoning supports professional office use, and the 1981 building serves businesses seeking a central Sarasota office location.
Key Highlights
- 635 SF second‑floor office condominium
- Reception/work area plus three private offices
- 2 private covered balconies and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,258
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,160
$185.2K
Cap Rate 7%
$132,257
$132.3K
Cap Rate 9%
$102,867
$102.9K
Market Conditions
NOI Build-Up for 635 SF
Gross rent
$13.7K $21.60/SF
− Vacancy
−$1.4K −$2.16/SF
EGI
$12.3K $19.44/SF
− OpEx
−$3.1K −$4.86/SF
NOI
$9.3K $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%
$185,160
Cap Rate 7%
$132,257
Cap Rate 9%
$102,867
Alternative Uses
Best Use
Office B
$132.3K
$115.7K – $154.3K
NOI $9,258 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$180.5K
$157.9K – $210.6K
NOI $12,633 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - CN-zoned office condominium with private offices, balconies, kitchenette, restroom, and elevator access.
Where is this office units located?
The property is located at 2831 Ringling Blvd #214E Sarasota, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 635 SF second‑floor office condominium; Reception/work area plus three private offices; 2 private covered balconies and large windows
