Office Building with OPI
New
For Sale
$2,800,000
3340 Bee Ridge Road, Sarasota, FL 34239
An existing tenant occupies part of the building, with relocation by the current owner noted as an option.
Property Size8,022 SF
Price / SF$349.04
Days on Market1
Property Features for 3340 Bee Ridge Road
General Information
Standard status
Active
Size
8,022 SF
Class
A
Total Parking Spaces
50
Property subtype
Office
Zoning
OPI
Additional Details
Highway Access
Yes
Building Details
Building Size
8,022 SF
Year Built
1975
Buildings
1
Parking Ratio
5.7 per 1,000 SF
Listing Agency:
SVN | Commercial Advisory Group
Listed By:
Gail Bowden · License #3044621
(941) 223-1525
Source:
Suncoastsvn
Added: Oct 7
Last Checked: Oct 7 at 2:02PM
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 SVN | Commercial Advisory Group
Investment Insights
Based on property information with market context.
The 8,022-SF office building was constructed in 1975 and carries OPI zoning, designated for Office, Professional & Institutional use. Approximately 50 parking spaces serve the property. An existing tenant occupies about 1,500 SF under a lease through June 30, 2029; the current owner can relocate the tenant, providing flexibility for a future occupant.
The property is at 3340 Bee Ridge Road in Sarasota, with access to downtown Sarasota, Sarasota Memorial Hospital, Siesta Key and I-75.
The property is at 3340 Bee Ridge Road in Sarasota, with access to downtown Sarasota, Sarasota Memorial Hospital, Siesta Key and I-75.
Key Highlights
- 8,022‑SF office building built in 1975
- OPI zoning: Office, Professional & Institutional
- Approximately 50 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,275
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,945,500
$2.9M
Cap Rate 7%
$2,103,929
$2.1M
Cap Rate 9%
$1,636,389
$1.6M
Market Conditions
NOI Build-Up for 8,022 SF
Gross rent
$257.0K $32.04/SF
− Vacancy
−$11.6K −$1.44/SF
EGI
$245.5K $30.60/SF
− OpEx
−$98.2K −$12.24/SF
NOI
$147.3K $18.36/SF
Area
Sarasota County, FL
Vacancy
4.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,945,500
Cap Rate 7%
$2,103,929
Cap Rate 9%
$1,636,389
Alternative Uses
Best Use
Healthcare Medical
$2.10M
$1.84M – $2.45M
NOI $147,275 @ 7.0% cap · market cap 5.26%
Second Best
Office B
$1.67M
$1.46M – $1.95M
NOI $116,961 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,594 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
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.
Frequently Asked Questions
What type of property is this?
Office building - An existing tenant occupies part of the building, with relocation by the current owner noted as an option.
Where is this office building located?
The property is located at 3340 Bee Ridge Road Sarasota, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 8,022‑SF office building built in 1975; OPI zoning: Office, Professional & Institutional; Approximately 50 parking spaces
