Fully Leased Office Investment
72 SARASOTA CENTER BOULEVARD #72 Sarasota, FL 34240
72 SARASOTA CENTER BOULEVARD #72, Sarasota, FL, 34240
$550,000
For Sale
$550,000
Turnkey office suites near Waterside Lakewood Ranch, fully leased.
Property Size2,102 SF
Lot Size1.01 Acres
Price / SF$261.66
Days on Market392
Property Features for 72 SARASOTA CENTER BOULEVARD #72
General Information
- Standard status
- Active
- Size
- 2,102 SF
- Lot size
- 1.01 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing Agency
ALTIER & COMPANY
(941) 713-1933
Listed by
ABIGAIL ALTIER
Source
Corcoran
Added: Jun 20, 2025 Checked: Jul 16 at 6:15 am
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 ALTIER & COMPANY
Investment Insights
Based on property information with market context.
This is an exceptional office investment opportunity located minutes from Waterside Lakewood Ranch. The property features a well-maintained professional office space comprising six fully leased private office suites within a larger executive suite. The property provides immediate and consistent income. Tenants benefit from shared access to a welcoming lobby entry, a conference room, an oversized break room and kitchen, two restrooms, and a spacious common work area. All leases are currently in place and will convey with the sale. The property size is 2102 square feet. This turnkey property is suited for investors seeking reliable rental income in the growing Sarasota market.
Key Highlights
- Fully leased office suites providing immediate and steady rental income.
- Prime location minutes from Waterside Lakewood Ranch in a growing Sarasota market.
- Turnkey investment property with all leases in place and conveying at sale.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $23.04 |
| − Vacancy | −$2.7k | −$1.27 |
| EGI | $45.8k | $21.77 |
| − OpEx | −$11.4k | −$5.44 |
| NOI | $34.3k | $16.33 |
2,102 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$490.4K
$429.1K – $572.1K
NOI $34,325 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.1K
$540.9K – $721.2K
NOI $43,269 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dan Stenham - Union ...
Loan Service
SkyBridge Bookkeeping LLC
Accounting Firm
Mortgages with Daniel ...
Loan Service
Enjoy Waxing
Spa & Massage Center
All Point POS
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turnkey office suites near Waterside Lakewood Ranch, fully leased.
Where is this office units located?
The property is located at 72 SARASOTA CENTER BOULEVARD #72 Sarasota, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully leased office suites providing immediate and steady rental income.; Prime location minutes from Waterside Lakewood Ranch in a growing Sarasota market.; Turnkey investment property with all leases in place and conveying at sale.
