Renovated Professional Office
5654 Marquesas Circle, Sarasota, FL 34233
For Sale
Contact for pricing
A seven-office layout includes a conference room, reception area, and oversized breakroom.
Property Size2,473 SF
Price / SF$363.53
Days on Market18
Property Features for 5654 Marquesas Circle
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Office Units
Property Use
Building Details
Year Built
Year Renovated
Buildings
Building Size
Tenancy
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Brie Tulp · License #FL SL3493495
(551) 206-4390
Source:
Crexi
Added: Oct 23
Changed: Nov 9
Last Checked: Nov 8 at 3:26PM
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 Ian Black Real Estate LLC
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.
This 2,473-square-foot office building contains one unit and was renovated in 2021. Its interior includes seven offices, a conference room, reception area, two bathrooms, and an oversized breakroom. Natural light enters the space, and the layout can be reconfigured to accommodate three additional offices. The building was constructed in 2005 and is zoned OPI.
The property is at 5654 Marquesas Circle in Sarasota, Florida. It is offered for sale or lease.
The property is at 5654 Marquesas Circle in Sarasota, Florida. It is offered for sale or lease.
Key Highlights
- 2,473 square feet in a single‑unit office building
- Renovated in 2021; built in 2005
- Seven offices, with capacity to reconfigure for three more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,402
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,040
$908.0K
Cap Rate 7%
$648,600
$648.6K
Cap Rate 9%
$504,467
$504.5K
Market Conditions
NOI Build-Up for 2,473 SF
Gross rent
$79.2K $32.04/SF
− Vacancy
−$3.6K −$1.44/SF
EGI
$75.7K $30.60/SF
− OpEx
−$30.3K −$12.24/SF
NOI
$45.4K $18.36/SF
Area
Sarasota County, FL
Vacancy
4.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,040
Cap Rate 7%
$648,600
Cap Rate 9%
$504,467
Alternative Uses
Best Use
Healthcare Medical
$648.6K
$567.5K – $756.7K
NOI $45,402 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$515.1K
$450.7K – $600.9K
NOI $36,056 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$702.8K
$615.0K – $820.0K
NOI $49,199 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,417
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
$364,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Sarasota, FL
Properties on Market for Office buildings in Sarasota
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A seven-office layout includes a conference room, reception area, and oversized breakroom.
Where is this office building located?
The property is located at 5654 Marquesas Circle Sarasota, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,473 square feet in a single‑unit office building; Renovated in 2021; built in 2005; Seven offices, with capacity to reconfigure for three more
