Office Condo in Station Way
For Sale
$819,000
5260 STATION WAY, Sarasota, FL 34233
Established office condominium within a six-building office campus, occupied by the tenant since 2007.
Property Size2,520 SF
Price / SF$325
Days on Market49
Property Features for 5260 STATION WAY
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Office
Amenities
0.25 acres, Curb and Gutters, Landscaped, Trees/Landscaped
Metal
Public Sewer
Additional parcels description:, Parcel Number: 0092091057, Annual Amount: $7,504.2, Legal Description: Units B101, B102, B103, B104, B105, B106, B107, B108, B109, B110, B111, B112, B113 & B114 CLARK STATION CORR ORI 2007155434
Units B129, B130, B131, B132, B133, B134, B135, B136, B137, B138, B139, B140, B141 & B142 CLARK STATION CORR ORI 2007155435, Lot: 2, Year: 2026, Zoning: OPI
Carpet, Vinyl
Gross Income: $60,814, Net Operating Income: $40,786, Rent Only
Office Only
Electric
Listing ID: MFRA4705163, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-09-04, Special Conditions: None
Common, Ground Level, Lighted
Aluminum Frames
Built in 2007, Living area: 2520, Living area units: Square Feet, Building faces South, 1 storey, Levels: One, Construction Materials: HardiPlank Type
MLS Area (Major): 34233 - Sarasota, County/Parish: Sarasota
Completed
Sidewalks
Electricity Available, Public, Underground Utilities, Water Source: Public, 200+ Amp Service
Slab
Close Of Escrow
Allowed: No
Frontage Type: County Road, Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
BARRY D EDWARDS & ASSOC
(941) 921-1023
Listed By:
Barry Edwards · License #3002799
(941) 914-1887
Source:
Miharaandassociates
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 9:04PM
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
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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 office condominium is located in Building B of Clark Station Office Park, a six-building campus. The property was built in 2007 and has been occupied by the tenant since its origin that year.
The office park is located on Station Way in Sarasota, Florida. WalkScore is 27, indicating a car-dependent setting, while BikeScore is 30, described as somewhat bikeable.
The office park is located on Station Way in Sarasota, Florida. WalkScore is 27, indicating a car-dependent setting, while BikeScore is 30, described as somewhat bikeable.
Key Highlights
- Office condominium in Building B of a six‑building campus
- Built in 2007
- Tenant occupancy dates to 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,742
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,840
$734.8K
Cap Rate 7%
$524,886
$524.9K
Cap Rate 9%
$408,244
$408.2K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$54.4K $21.60/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$49.0K $19.44/SF
− OpEx
−$12.2K −$4.86/SF
NOI
$36.7K $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%
$734,840
Cap Rate 7%
$524,886
Cap Rate 9%
$408,244
Alternative Uses
Best Use
Office B
$524.9K
$459.3K – $612.4K
NOI $36,742 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.2K
$626.7K – $835.6K
NOI $50,134 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Established office condominium within a six-building office campus, occupied by the tenant since 2007.
Where is this office unit located?
The property is located at 5260 STATION WAY Sarasota, FL.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Office condominium in Building B of a six‑building campus; Built in 2007; Tenant occupancy dates to 2007
