Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Gulf Gate Office Space Title is generated by Realmo AI

    3231 Gulf Gate Dr, Sarasota, FL 34231

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Flexible leasing options in a prime Sarasota location.

    Type:Office
    Property size:
    1,800 SF
    Added:
    May 28, 2024
    Days on Market:
    736
    Last Refresh:
    May 12 at 9:00 pm

    Property Features for 3231 Gulf Gate Dr

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 3231 Gulf Gate Dr Contact us

    Unit 204 $17/Mo

    Size
    1,500 SF
    Type
    Office
    Single office suite, Large corner unit, 39x39, large open space, private entrance...
    show more
    Contact us

    We can help!

    Listing Contact
    Rex Glasson

    Listing agent Rex Glasson License #FL BK3067512

    Listing office DOUGLAS ELLIMAN

    Listing date May 28, 2024

    Source Crexi

    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 DOUGLAS ELLIMAN

    HighLights

    • Prime location in the heart of Gulf Gate at a highly visible intersection on Beneva Road.
    • Flexible leasing options with spaces ranging from 70 sq ft to 1,800 sq ft.
    • Versatile mix of medical and professional suites suitable for various business types.
    • Ample on‑site parking for clients and staff.
    • Elevator and stair access for convenience and ADA compliance.
    • Close proximity to established retail, dining, and residential communities.

    Overview

    Located in the heart of Gulf Gate, this two-story professional office building is situated at a recognized intersection on Beneva Road, steps from the library and surrounded by retail, dining, and residential communities. It offers a mix of medical and professional suites, with spaces ranging from 70 sq ft private offices to 1,800 sq ft full-floor layouts. The building provides ample on-site parking for clients and staff, elevator and stair access for convenience and ADA compliance, and two large shared restrooms on each floor. The location offers excellent visibility and traffic counts, making it suitable for medical practitioners, professional service firms, or creative businesses seeking an accessible, centrally located Sarasota address with flexible lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Precision Cardiology Consultants Medical Clinic Heart Rhythm Care ... Medical Clinic Integrative Medicine: Berkes ... Physician Sullivan College Consulting Consultant Dr. T K ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.4985211
    Latitude
    27.2548493

    Nearby Similar for Lease

    • $3,600/Mo
      2,600 SF

      Renovated Flex Space in Sarasota

      High-visibility flex space near downtown and the airport.
      2135 12 STREET, SARASOTA, FL 34237
      View Details
    • $2,000/Mo
      1,100 SF

      Sarasota Office Space Available

      Office space for rent in Sarasota with flexible options.
      2063 MAIN STREET, SARASOTA, FL 34237
      View Details
    • $2,395/Mo
      1,100 SF

      Sarasota Warehouse Space For Lease

      Prime warehouse space near I-75 and Fruitville Rd, Sarasota.
      8235 BLAIKIE COURT, SARASOTA, FL 34240
      View Details
    • $31,200 SF/Yr
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen, Sarasota, FL 34232
      View Details
    • $20 SF/Yr
      8,225 SF

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S BENEVA ROAD, SARASOTA, FL 34238
      View Details
    • Sponsored
      Contact for pricing

      FL, Sarasota - Lakewood Ranch

      6901 Professional Pkwy, Sarasota, FL 34240
      View Details
    • $129-$8,606/Mo
      11-1,292 SF

      Sarasota Courthouse

      1990 Main St, Unit 750, Sarasota, FL 34236
      View Details
    • $20 SF/Yr
      150-150 SF

      medical-offices

      7013 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $29 SF/Yr
      1,793 SF

      Sarasota Office Space For Rent

      Office spaces for rent in a high-traffic Sarasota location.
      2700 South Tamiami Trail, Sarasota, FL 34239
      View Details
    • $29 SF/Yr
      1,793 SF

      Sarasota Office Space For Rent

      Office spaces in prime location near Sarasota Memorial Hospital.
      2700 South Tamiami Trail, Sarasota, FL 34239
      View Details
    • $23 SF/Yr
      2,345 SF

      Professional Office Space For Rent

      Well-maintained office condominium complex in a high-traffic location.
      1348 Fruitville Rd, Sarasota, FL 34236
      View Details
    • $19 SF/Yr
      3,281 SF

      Versatile Office/Warehouse Flex Space

      3,281 SF office/warehouse near SRQ/Bradenton Airport, suitable for various uses.
      7525 Pennsylvania Avenue, Sarasota, FL 34243
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible leasing options in a prime Sarasota location.
    Where is this office units located?
    The property is located at 3231 Gulf Gate Dr Sarasota, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of Gulf Gate at a highly visible intersection on Beneva Road.; Flexible leasing options with spaces ranging from 70 sq ft to 1,800 sq ft.; Versatile mix of medical and professional suites suitable for various business types.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rex Glasson
    Real Estate License ID: FL BK3067512
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3231 Gulf Gate Dr, Sarasota, FL 34231
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!