Office Suite with Road
For Sale
$399,000
5500 Bee Ridge Road Suite 201, Sarasota, FL 34233
A professional office setting near I-75 and across from Doctor's Hospital.
Property Size1,187 SF
Days on Market18
Property Features for 5500 Bee Ridge Road Suite 201
General Information
Standard status
Active
Size
1,187 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
signage
Building Details
Building Size
1,187 SF
Year Built
1985
Listing Agency:
MSC Commercial
Listed By:
Eric Massey · License #604760
(941) 809-6351
Source:
Tcnworldwide
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 20 at 5:51PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 201 is an office property at 5500 Bee Ridge Road in Sarasota. The building dates to 1985, and the suite has signage on Bee Ridge Road.
The property is across from Doctor's Hospital and near I-75, with other businesses in the surrounding area.
The property is across from Doctor's Hospital and near I-75, with other businesses in the surrounding area.
Key Highlights
- Suite 201 at 5500 Bee Ridge Road in Sarasota
- Signage on Bee Ridge Road
- Across from Doctor's Hospital
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway 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
Frequently Asked Questions
What type of property is this?
Office unit - A professional office setting near I-75 and across from Doctor's Hospital.
Where is this office unit located?
The property is located at 5500 Bee Ridge Road Suite 201 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: Suite 201 at 5500 Bee Ridge Road in Sarasota; Signage on Bee Ridge Road; Across from Doctor's Hospital
