Office Unit in Office
For Sale
$450,000
Pending
5218 STATION WAY, Sarasota, FL 34233
Office condominium within a six-building office park.
Property Size1,260 SF
Days on Market35
Property Features for 5218 STATION WAY
General Information
Standard status
Pending
Size
1,260 SF
Property subtype
Office
Building Details
Year Built
2007
Buildings
1
Listing Agency:
BARRY D EDWARDS & ASSOC
(941) 921-1023
Listed By:
Barry Edwards · License #3002799
(941) 914-1887
Source:
Dennisrealty
Added: Sep 4
Changed: Oct 7
Last Checked: Oct 7 at 12:52PM
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 BARRY D EDWARDS & ASSOC
Investment Insights
Based on property information with market context.
This 1,260-square-foot office condominium was built in 2007 and is situated in Building D within Clark Station Office Park. The campus includes six office buildings, providing a defined professional setting for office users.
The property is located at 5218 Station Way in Sarasota, Florida 34233.
The property is located at 5218 Station Way in Sarasota, Florida 34233.
Key Highlights
- 1,260‑square‑foot office condominium
- Located in Building D of Clark Station Office Park
- Office park campus includes 6 office buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,371
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,420
$367.4K
Cap Rate 7%
$262,443
$262.4K
Cap Rate 9%
$204,122
$204.1K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$27.2K $21.60/SF
− Vacancy
−$2.7K −$2.16/SF
EGI
$24.5K $19.44/SF
− OpEx
−$6.1K −$4.86/SF
NOI
$18.4K $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%
$367,420
Cap Rate 7%
$262,443
Cap Rate 9%
$204,122
Alternative Uses
Best Use
Office B
$262.4K
$229.6K – $306.2K
NOI $18,371 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.1K
$313.3K – $417.8K
NOI $25,067 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium within a six-building office park.
Where is this office units located?
The property is located at 5218 STATION WAY Sarasota, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,260‑square‑foot office condominium; Located in Building D of Clark Station Office Park; Office park campus includes 6 office buildings
