Second-Floor Office Condominium
2831 RINGLING BOULEVARD #E214, Sarasota, FL 34237
For Sale
$250,000
Second-floor office suite with reception area, three private offices, private restroom, kitchenette, and two covered balconies.
Property Size635 SF
Price / SF$393.70
Days on Market113
Property Features for 2831 RINGLING BOULEVARD #E214
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 957-9300
Listed By:
Ali Marks · License FL #3560076
(941) 321-5147
Source:
Endlesssummerrealty
Added: Jul 21
Changed: Nov 10
Last Checked: Nov 10 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 LOYD ROBBINS & CO. LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ringling Professional Center offers a well-maintained second-floor office condominium suite with 635 SF of functional workspace. The layout begins with a reception or work area that opens into three private offices suitable for individual work, meetings, or administrative use. The suite also includes a private restroom and kitchenette, along with large windows and two private covered balconies that add natural light and outdoor space. An elevator provides building access for added convenience.
The professional center is described as centrally located with easy access from Ringling Boulevard or Fruitville Rd, placing the office near Downtown Sarasota and within minutes of the courthouse and Sarasota Memorial Hospital, as well as major transportation corridors.
The listing also notes that the CN zoning accommodates a wide variety of professional office users, and the property is supported by mature landscaping, ample parking, and attractive architecture.
The professional center is described as centrally located with easy access from Ringling Boulevard or Fruitville Rd, placing the office near Downtown Sarasota and within minutes of the courthouse and Sarasota Memorial Hospital, as well as major transportation corridors.
The listing also notes that the CN zoning accommodates a wide variety of professional office users, and the property is supported by mature landscaping, ample parking, and attractive architecture.
Key Highlights
- Second‑floor office condominium in Ringling Professional Center with 635 SF of office space (built 1981).
- Suite layout includes a reception/work area plus three private offices for flexible work, conference, or administrative use.
- Includes a private restroom and kitchenette within the unit.
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
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
$234,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Sarasota, FL
Properties on Market for Office Units in Sarasota
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with reception area, three private offices, private restroom, kitchenette, and two covered balconies.
Where is this office unit located?
The property is located at 2831 RINGLING BOULEVARD #E214 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: Second‑floor office condominium in Ringling Professional Center with 635 SF of office space (built 1981).; Suite layout includes a reception/work area plus three private offices for flexible work, conference, or administrative use.; Includes a private restroom and kitchenette within the unit.
