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    Office/Warehouse Flex Space Title is generated by Realmo AI

    78 Sarasota Center Blvd, Sarasota, FL 34240

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    For Lease
    $1,649,000 SF/Yr $1,370,181,583/Mo (calc)

    Flex office and warehouse configuration designed to accommodate two users, with quick access to I-75 via Fruitville Road.

    Type:Office
    Property size:
    9,971 SF
    Lot size:
    2.13 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:05 am

    Property Features for 78 Sarasota Center Blvd

    General Information

    Standard status
    Active
    Size
    9,971 SF
    Lot size
    2.13 Acres
    Property subtype
    Office

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Brian Seidel
    Brian Seidel

    Listing agent Brian Seidel License #3123085

    Listing office American Property Group of Sarasota, Inc.

    Listing date Jun 2, 2026

    Source Americanpropertygroup

    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 American Property Group of Sarasota, Inc.

    HighLights

    • 9971 SF office/warehouse built in 2004 with a flex layout designed to accommodate 2 users
    • Two parcels included with the sale: 78 Sarasota Center Blvd (APN 0219020030) and 88 Sarasota Center Blvd (APN 0219020041)
    • Total land area: 2.13 acres across the two parcels
    • Located in a business park with quick access to I‑75 via Fruitville Road

    Overview

    This flex space combines office and warehouse functionality in a single, practical setup totaling 9,971 square feet. The configuration is designed to accommodate two users, which can support a shared campus approach, separate operating areas, or tenant split options. The property also includes two parcels of land totaling 2.13 acres, giving operators room to manage both workspace and storage needs within the same ownership footprint.

    Located in a business park setting, the property offers convenient regional access. It is described as a quick jog to I-75 at Fruitville Road, which can be important for tenant responsiveness, freight planning, and day-to-day commutes. The listing identifies addresses as 78 Sarasota Center Blvd and 88 Sarasota Center Blvd, each referenced by its APN in the remarks.

    For tenants, this layout may fit companies that need both administrative space and warehouse operations without relocating to separate buildings. For buyers or operators, the two-user accommodation can support flexible occupancy strategies while keeping the office/warehouse mix in one location. The business park environment also tends to appeal to users looking for a more campus-style commercial setting rather than standalone road-front exposure.
    Location Intelligence

    Current Use by Public Records

    Young George F Land Surveyor Tetra Tech Engineering Consultant Southwest Florida Water ... District Government Office Bishop & Associates Sustainability Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Green Apple Catering — 365 Sarasota Center Blvd UNIT D, Sarasota, FL 34240
    • Absee Connexions Inc — 31 Sarasota Center Blvd, Sarasota, FL 34240

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.4068929
    Latitude
    27.3410101

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    FAQs

    What type of property is this?
    Flex space - Flex office and warehouse configuration designed to accommodate two users, with quick access to I-75 via Fruitville Road.
    Where is this flex space located?
    The property is located at 78 Sarasota Center Blvd Sarasota, FL.
    What is the lease rate?
    The lease rate is $1,649,000.
    What are key features of this property?
    This property features: 9971 SF office/warehouse built in 2004 with a flex layout designed to accommodate 2 users; Two parcels included with the sale: 78 Sarasota Center Blvd (APN 0219020030) and 88 Sarasota Center Blvd (APN 0219020041); Total land area: 2.13 acres across the two parcels
    (941) 544-2970
    We can help!
    Listing Contact
    Brian Seidel
    Brian Seidel
    Real Estate License ID: 3123085
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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