Versatile Commercial Property For
For Sale
$699,000
3627 Webber St, Sarasota, FL 34232
Well-maintained commercial property with office and retail layout.
Property Size3,058 SF
Price / SF$228.58
Days on Market194
Property Features for 3627 Webber St
General Information
Standard status
Active
Size
3,058 SF
Building Details
Year Built
1982
Listing Agency:
AMERICAN PROPERTY GROUP
Listed By:
Marcia Cuttler · License ##SL3011453
(941) 544-1020
Source:
Susannelosso
Added: Apr 22
Changed: Oct 26
Last Checked: Oct 7 at 1:44PM
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 AMERICAN PROPERTY GROUP
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Investment Insights
Based on property information with market context.
This well-maintained commercial property features a versatile layout suitable for both office and retail use. The property is zoned CG, offering strong visibility and no association fees. It is suitable for either an owner-user or an investor seeking a stabilized asset with flexible use options. The first floor comprises 1,459 square feet of Class A office space, featuring a turnkey layout that includes three rooms with sinks, a private office, a reception area, a waiting room, a kitchenette, two restrooms, and a rear exit. The second floor also offers 1,459 square feet of space, configured as a large, open-concept area with a private exterior entrance and an additional restroom. The total property size is 3,058 square feet and is located on Webber Street in Sarasota, Florida.
Key Highlights
- Versatile office and retail layout suitable for owner‑user or investor.
- CG zoning allows for flexible use options.
- Strong visibility enhances business potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,586
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,720
$891.7K
Cap Rate 7%
$636,943
$636.9K
Cap Rate 9%
$495,400
$495.4K
Market Conditions
NOI Build-Up for 3,058 SF
Gross rent
$66.1K $21.60/SF
− Vacancy
−$6.6K −$2.16/SF
EGI
$59.4K $19.44/SF
− OpEx
−$14.9K −$4.86/SF
NOI
$44.6K $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%
$891,720
Cap Rate 7%
$636,943
Cap Rate 9%
$495,400
Alternative Uses
Best Use
Office B
$636.9K
$557.3K – $743.1K
NOI $44,586 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.1K
$760.5K – $1.01M
NOI $60,838 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
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Business Placement
Demographics for 34232, FL
34,671
Population
17,248
Households
2
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
11.0 sq mi
ZIP Area
3,152
Density / Sq Mi
$81,041
Median Household Income
$44,166
Median Earnings
$1,836
Median Rent
$332,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Well-maintained commercial property with office and retail layout.
Where is this office unit located?
The property is located at 3627 Webber St Sarasota, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Versatile office and retail layout suitable for owner‑user or investor.; CG zoning allows for flexible use options.; Strong visibility enhances business potential.
