Office Condo with Covered
New
For Sale
Contact for pricing
2831 RINGLING BOULEVARD #214, Sarasota, FL 34237
A reception and work area connects to three private offices, a kitchenette, and a dedicated restroom.
Property Size635 SF
Price / SF$37.80
Days on Market4
Property Features for 2831 RINGLING BOULEVARD #214
General Information
Standard status
Active
Size
635 SF
Elevators
Yes
Property subtype
Office
Zoning
CN
Additional Details
Floor
2
Road Access
Yes
Amenities
mature landscaping
Building Details
Year Built
1981
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 957-9300
Listed By:
Ali Marks · License #3560076
(941) 321-5147
Source:
Endlesssummerrealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 7:56PM
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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Investment Insights
Based on property information with market context.
This 635-square-foot office condominium occupies the second floor of Ringling Professional Center, a building completed in 1981. The layout includes a reception and work area with built-in desks and shelving, three private offices, a kitchenette, and a private restroom. Two covered balconies and large windows bring natural light into the suite, and the building has elevator service.
CN zoning accommodates professional office uses. The property is accessed from Ringling Boulevard or Fruitville Road, with Downtown Sarasota, the courthouse, and Sarasota Memorial Hospital described as minutes away. Mature landscaping and parking are also part of the center.
CN zoning accommodates professional office uses. The property is accessed from Ringling Boulevard or Fruitville Road, with Downtown Sarasota, the courthouse, and Sarasota Memorial Hospital described as minutes away. Mature landscaping and parking are also part of the center.
Key Highlights
- 635 SF second‑floor office condominium
- Three private offices, plus reception and work area with built‑in desks and shelving
- Two private covered balconies and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,258
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 38.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$180.5K
$157.9K – $210.6K
NOI $12,633 @ 7.0% cap · market cap 52.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - A reception and work area connects to three private offices, a kitchenette, and a dedicated restroom.
Where is this office units located?
The property is located at 2831 RINGLING BOULEVARD #214 Sarasota, FL.
What are key features of this property?
This property features: 635 SF second‑floor office condominium; Three private offices, plus reception and work area with built‑in desks and shelving; Two private covered balconies and large windows
