Commercial Condo on Bee
4509 BEE RIDGE Rd, Sarasota, FL 34233
For Sale
$449,000
1,350 SF office/retail condo with frontage on Bee Ridge.
Property Size1,350 SF
Price / SF$332.59
Days on Market200
Property Features for 4509 BEE RIDGE Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Preferred Shore
Listed By:
Kenia Rivas · License #3116606
(941) 737-6801
Source:
Elliman
Added: Apr 24
Changed: Nov 2
Last Checked: Nov 8 at 6:31AM
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 Preferred Shore
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Investment Insights
Based on property information with market context.
This 1,350 square foot commercial condominium is suitable for office or retail use. It fronts directly onto Bee Ridge Road in Sarasota, Florida, situated just east of McIntosh Road. The property benefits from excellent visibility, signage opportunities, and ample parking. The unit features a wide-open reception and waiting area, along with two restrooms. Currently, the space is operating as a therapy center. The location provides convenient access to I-75 and US-41 (Tamiami Trail). The bike score is 37, indicating it is somewhat bikeable, while the walk score is 6, suggesting car dependence.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,683
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,660
$393.7K
Cap Rate 7%
$281,186
$281.2K
Cap Rate 9%
$218,700
$218.7K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$29.2K $21.60/SF
− Vacancy
−$2.9K −$2.16/SF
EGI
$26.2K $19.44/SF
− OpEx
−$6.6K −$4.86/SF
NOI
$19.7K $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%
$393,660
Cap Rate 7%
$281,186
Cap Rate 9%
$218,700
Alternative Uses
Best Use
Office B
$281.2K
$246.0K – $328.1K
NOI $19,683 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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Business Placement
Demographics for 34233, FL
18,723
Population
9,427
Households
2
Avg Household Size
52
Median Age
41%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,069
Density / Sq Mi
$77,041
Median Household Income
$44,222
Median Earnings
$1,787
Median Rent
$364,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Sarasota, FL
Properties on Market for Office Units in Sarasota
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - 1,350 SF office/retail condo with frontage on Bee Ridge.
Where is this office unit located?
The property is located at 4509 BEE RIDGE Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
