Second-Floor Office
New
For Sale
$399,000
5500 Bee Ridge Road, Sarasota, FL 34233
Elevator access serves the suite, with signage facing Bee Ridge Road.
Property Size1,187 SF
Price / SF$336.14
Days on Market4
Property Features for 5500 Bee Ridge Road
General Information
Standard status
Active
Size
1,187 SF
Elevators
Yes
Property subtype
Commercial
Zoning
OPI
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Building Details
Year Built
1985
Listing Agency:
MSC Commercial
Listed By:
Eric Massey · License #604760
(941) 809-6351
Source:
Msccommercial
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:39AM
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 MSC Commercial
Investment Insights
Based on property information with market context.
The 1,187-square-foot office suite occupies the second floor of a building constructed in 1985. Interior finishes are described as current, and elevator access is available. The OPI zoning designation and stated use options include traditional office, insurance, medical, and wellness businesses.
The property is at 5500 Bee Ridge Road in Sarasota, across from Doctor's Hospital and near the Bee Ridge Road interchange with I-75, Exit 207. Signage is located on Bee Ridge Road.
The property is at 5500 Bee Ridge Road in Sarasota, across from Doctor's Hospital and near the Bee Ridge Road interchange with I-75, Exit 207. Signage is located on Bee Ridge Road.
Key Highlights
- 1,187‑square‑foot second‑floor office suite
- Elevator access
- Bee Ridge Road signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,306
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,120
$346.1K
Cap Rate 7%
$247,229
$247.2K
Cap Rate 9%
$192,289
$192.3K
Market Conditions
NOI Build-Up for 1,187 SF
Gross rent
$25.6K $21.60/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$23.1K $19.44/SF
− OpEx
−$5.8K −$4.86/SF
NOI
$17.3K $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%
$346,120
Cap Rate 7%
$247,229
Cap Rate 9%
$192,289
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,306 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.4K
$295.2K – $393.6K
NOI $23,615 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Elevator access serves the suite, with signage facing Bee Ridge Road.
Where is this office units located?
The property is located at 5500 Bee Ridge Road Sarasota, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,187‑square‑foot second‑floor office suite; Elevator access; Bee Ridge Road signage
