Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1348 Fruitville Rd #301 Sarasota Sarasota, FL 34236

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Sarasota Office, Prime Location

    Lot size:
    19,540 SF

    Property Features for 1348 Fruitville Rd #301 Sarasota

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,540 SF
    Total Rate
    45593.33

    Building Details

    Year Built
    2005
    Stories
    3

    Spaces For Lease

    at 1348 Fruitville Rd #301 Sarasota, Sarasota, FL 34236 Contact us
    Unit Available Space 1

    $28 /Mo

    Size
    1,242 SF
    Contact us

    We can help!

    Listing Contact
    Joe C. Hembree, Ccim
    Joe C. Hembree, Ccim

    Listing Agency: HEMBREE & ASSOCIATES INC Listing Agent: Joe C. Hembree, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 19,540 square foot office building, located at 1348 Fruitville Road #301, Sarasota, FL 34236, presents a unique leasing opportunity. Built in 2005, this three-story, multi-tenant Traditional Office building is situated at the intersection of Fruitville Road and Central Avenue in Sarasota County, Florida, and is zoned DTC. The property boasts a highly desirable location, offering easy access to numerous restaurants, shopping centers, and the Selby Library. Individual suites within the building offer a productive and comfortable work environment, featuring layouts that include multiple offices, a conference room, a reception area, and a kitchenette. High ceilings and exposed ductwork contribute to a modern and spacious ambiance. Two balconies provide additional outdoor space. This property is ideal for both startups and established companies seeking a sophisticated and convenient workspace in the heart of Sarasota. The building's prime location and well-designed suites make it an attractive option for businesses looking to thrive in a vibrant and accessible environment. Contact us today to learn more about leasing opportunities within this exceptional Sarasota office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5435614
    Latitude
    27.3386317

    Nearby Similar for Lease

    • $7,800 /Mo
      1,037 SF

      Professional Office Space For Lease

      Private office in professional suite near Downtown Sarasota available for lease.
      2831 Ringling Blvd, Sarasota, FL 34237
      View Details
    • $24 SF/Yr
      2,100 SF

      Sarasota Office Space Available

      Centrally located office space with included utilities and furniture.
      4545 Mariotti Ct, Sarasota, FL 34233
      View Details
    • $31,200
      1,500 SF

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen Rd, Sarasota, FL 34232
      View Details
    • $2,800 /Mo
      1,483 SF

      Charming Bungalow Near Downtown Sarasota

      Unique office/retail space in a converted bungalow near downtown.
      1724 4Th St, Sarasota, FL 34236
      View Details
    • $10,000 /Mo
      5,918 SF

      Office Space in Sarasota, FL

      Office space available for rent in Sarasota, Florida.
      227 Central Ave, Sarasota, FL 34236
      View Details
    • $2,395 /Mo
      1,100 SF

      Sarasota Warehouse Space For Lease

      Prime Sarasota warehouse space with restroom and convenient location.
      8235 Blaikie Ct, Sarasota, FL 34240
      View Details
    • $42 SF/Yr
      3,596 SF

      Retail and Office Space Available

      Pre-construction retail and office space for lease in Sarasota, FL.
      6355 Initiative Blvd, Sarasota, FL 34240
      View Details
    • $2,416 /Mo
      1,100 SF

      Sarasota Office Space Available

      Office space with dedicated entrance, ample parking, and flexible options.
      2063 Main St, Sarasota, FL 34237
      View Details
    • $3,000 /Mo
      1,000 SF

      Retail Space in Golf Gate

      Standalone building in Sarasota's Golf Gate with high visibility.
      6455 Gateway Ave, Sarasota, FL 34231
      View Details
    • $900 /Mo
      1,525 SF

      Downtown Sarasota Office Space

      Historic bungalow with private offices, shared amenities, and on-site parking.
      1267 2Nd St, Sarasota, FL 34236
      View Details
    • $20 SF/Yr
      8,225 SF

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S Beneva Rd, Sarasota, FL 34238
      View Details
    • Sponsored
      Contact for pricing

      FL, Sarasota - Lakewood Ranch

      Flexible workspace in IL, Hoffman Estates - Prairie Stone Pkwy
      6901 Professional Pkwy, Sarasota, FL 34240
      View Details

    FAQs

    What type of property is this?
    Office property - Modern Sarasota Office, Prime Location
    Where is this office property located?
    The property is located at 1348 Fruitville Rd #301 Sarasota Sarasota, FL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 19,540 SF office building at 1348 Fruitville Road #301, Sarasota, FL 34236.; Three-story, multi-tenant building constructed in 2005.; Located at Fruitville Road and Central Avenue, Sarasota County, DTC zoning.
    (941) 951-1776 Call to check price and availability
    Request Owner's contact information
    1348 Fruitville Rd #301 Sarasota Sarasota, FL 34236
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1348 Fruitville Rd #301 Sarasota
    Sarasota, FL 34236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1348 Fruitville Rd #301 Sarasota Sarasota, FL 34236
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe C. Hembree, Ccim
    Joe C. Hembree, Ccim
    Real Estate License ID: 3213168
    (941) 951-1776 (941) 302-1776 (941) 685-5869
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!