Professional Office Condo
For Sale
Contact for pricing
3293 Fruitville Rd, Sarasota, FL 34237
Office condo in a well-maintained business park with reception, four offices, conference room, kitchen, and restroom.
Property Size1,388 SF
Price / SF$338.62
Days on Market133
Property Features for 3293 Fruitville Rd
General Information
Standard status
Active
Size
1,388 SF
Property subtype
Office
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Listing Agency:
Harry E. Robbins Associates, Inc
Listed By:
Derek Robbins · License #FL 3400024
Source:
Crexi
Added: Jun 12
Changed: Oct 6
Last Checked: Oct 20 at 6:03PM
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 Harry E. Robbins Associates, Inc
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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.
This professional office condo is located within the well-maintained Fruitville Business Park. The unit includes a reception area, four private offices, a conference room, kitchen, restroom, and a storage/copy room, offering a functional layout for day-to-day operations. The space also features a brand-new AC system.
The property is situated on heavily traveled Fruitville Road, providing convenient access toward Downtown Sarasota and I-75. Signage is available directly on Fruitville Road for visibility.
Association dues are described as reasonable, and the offering is positioned as a straightforward purchase of an office condo suitable for professional use.
The property is situated on heavily traveled Fruitville Road, providing convenient access toward Downtown Sarasota and I-75. Signage is available directly on Fruitville Road for visibility.
Association dues are described as reasonable, and the offering is positioned as a straightforward purchase of an office condo suitable for professional use.
Key Highlights
- Professional office condo in the well‑maintained Fruitville Business Park
- Located on heavily traveled Fruitville Road with signage directly on Fruitville Road
- Office layout includes reception, four private offices, conference room, kitchen, restroom, and storage/copy room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,237
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,740
$404.7K
Cap Rate 7%
$289,100
$289.1K
Cap Rate 9%
$224,856
$224.9K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$30.0K $21.60/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$27.0K $19.44/SF
− OpEx
−$6.7K −$4.86/SF
NOI
$20.2K $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%
$404,740
Cap Rate 7%
$289,100
Cap Rate 9%
$224,856
Alternative Uses
Best Use
Office B
$289.1K
$253.0K – $337.3K
NOI $20,237 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.5K
$345.2K – $460.2K
NOI $27,614 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,125
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 unit - Office condo in a well-maintained business park with reception, four offices, conference room, kitchen, and restroom.
Where is this office unit located?
The property is located at 3293 Fruitville Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Professional office condo in the well‑maintained Fruitville Business Park; Located on heavily traveled Fruitville Road with signage directly on Fruitville Road; Office layout includes reception, four private offices, conference room, kitchen, restroom, and storage/copy room
