Storefront with Showroom and
For Sale
Contact for pricing
301 Central Avenue, Sarasota, FL 34236
Signalized-corner building with meeting rooms, private offices, and garage/storage space.
Property Size9,336 SF
Lot Size9,623.00 Acres
Price / SF$321.34
Days on Market292
Property Features for 301 Central Avenue
General Information
Standard status
Active
Size
9,336 SF
Lot size
9,623.00 Acres
Property subtype
LAND
Zoning
DTE
Property Condition
Severity
Repairs Needed
Evidence
renovate
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
2
Building Size
9,336 SF
Listing Agency:
RKW Button
(941) 313-1193
Listed By:
Jeff Button
(941) 313-1193
Source:
Moodyscre
Added: Nov 12, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:43AM
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 RKW Button
Investment Insights
Based on property information with market context.
This 9,336-square-foot storefront property at 301 Central Avenue includes a first-floor showroom, meeting rooms, private offices, and garage/storage space. A partial second floor provides additional administrative and work offices, creating a multi-level configuration for retail and office functions.
The property sits at the signalized intersection of Fruitville Road and Central Avenue in downtown Sarasota and is zoned DTE (Downtown Edge). The building was formerly occupied by BlueLine and is available for sale. Its existing showroom, office, and storage components provide a defined starting point for renovation or continued retail use.
The property sits at the signalized intersection of Fruitville Road and Central Avenue in downtown Sarasota and is zoned DTE (Downtown Edge). The building was formerly occupied by BlueLine and is available for sale. Its existing showroom, office, and storage components provide a defined starting point for renovation or continued retail use.
Key Highlights
- 9,336‑square‑foot storefront building
- Signalized intersection of Fruitville Road and Central Avenue
- DTE (Downtown Edge) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$152,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,049,060
$3.0M
Cap Rate 7%
$2,177,900
$2.2M
Cap Rate 9%
$1,693,922
$1.7M
Market Conditions
NOI Build-Up for 9,336 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$215.1K $23.04/SF
− Vacancy
−$11.8K −$1.27/SF
EGI
$203.3K $21.77/SF
− OpEx
−$50.8K −$5.44/SF
NOI
$152.5K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,049,060
Cap Rate 7%
$2,177,900
Cap Rate 9%
$1,693,922
Alternative Uses
Best Use
Office B
$2.18M
$1.91M – $2.54M
NOI $152,453 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$1.64M
$1.44M – $1.91M
NOI $114,810 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,180 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,803
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Artisan Florist — 606 S Pineapple Ave, Sarasota, FL 34236
- Victoria Blooms, LLC — 1421 5th St suite b, Sarasota, FL 34236
Frequently Asked Questions
What type of property is this?
Storefront property - Signalized-corner building with meeting rooms, private offices, and garage/storage space.
Where is this storefront property located?
The property is located at 301 Central Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 9,336‑square‑foot storefront building; Signalized intersection of Fruitville Road and Central Avenue; DTE (Downtown Edge) zoning
