Second-Floor Office
For Sale
Contact for pricing
2831 Ringling Boulevard, Sarasota, FL 34237
Second-floor office suite with reception area, three private offices, and private restroom and kitchenette.
Property Size635 SF
Price / SF$393.70
Days on Market85
Property Features for 2831 Ringling Boulevard
General Information
Standard status
Active
Size
635 SF
Class
B
Property subtype
Office
Zoning
CN - Commercial Neighborhood
Investment Type
Owner/User
Building Details
Year Built
1981
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Loyd Robbins & Co
Listed By:
Loyd Robbins · License #FL 3577625
(941) 957-9300
Source:
Crexi
Added: Jul 14
Changed: Oct 2
Last Checked: Oct 5 at 6:21PM
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
Investment Insights
Based on property information with market context.
Ringling Professional Center presents a well-maintained second-floor office condominium offering a functional reception/work area that opens into three private offices. The suite includes a private restroom and kitchenette, along with large windows and two private covered balconies for natural light and outdoor space. Elevator access serves the building for added convenience.
The property is described as centrally located with easy access from Ringling Boulevard or Fruitville Rd, placing it within minutes of Downtown Sarasota and key destinations including the courthouse and Sarasota Memorial Hospital. The center is noted for mature landscaping, ample parking, and attractive architecture.
Zoning is listed as CN, supporting a wide variety of professional office users. The building’s condominium configuration and interior layout make the suite suitable for organizations needing a mix of reception space and multiple private offices.
The property is described as centrally located with easy access from Ringling Boulevard or Fruitville Rd, placing it within minutes of Downtown Sarasota and key destinations including the courthouse and Sarasota Memorial Hospital. The center is noted for mature landscaping, ample parking, and attractive architecture.
Zoning is listed as CN, supporting a wide variety of professional office users. The building’s condominium configuration and interior layout make the suite suitable for organizations needing a mix of reception space and multiple private offices.
Key Highlights
- Second‑floor office condominium suite with 635 SF of office space
- Reception/work area plus three private offices for flexible workspace, conference, or administrative use
- Private restroom and kitchenette within the suite
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.
Property Analytics
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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
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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 - Second-floor office suite with reception area, three private offices, and private restroom and kitchenette.
Where is this office units located?
The property is located at 2831 Ringling Boulevard 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 suite with 635 SF of office space; Reception/work area plus three private offices for flexible workspace, conference, or administrative use; Private restroom and kitchenette within the suite
