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    4940 Lakewood Ranch Blvd Sarasota, FL 34240

    For Sale
    $3,400,000

    Prime Sarasota Office Space, Owner/User Opportunity

    Property size:
    9,114 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, Class B office building, totaling 9,114 square feet, is situated in the thriving Lakewood Ranch Corporate Park in Sarasota, Florida. Built in 2009, the property boasts 8,371 square feet of net rentable space, currently occupied by one tenant with a lease expiring December 31, 2024. A significant portion (approximately 7,000 square feet) will become available for occupancy or lease on September 1, 2024, presenting an ideal owner-user opportunity or the chance to lease at market rates. The asking price is $3,400,000, translating to $373.05 per square foot. The property features 60 parking spaces and sits on a 7,336 square foot lot, zoned PCD. Its strategic location offers easy access to Interstate 75, University Town Center, and Sarasota Bradenton International Airport, placing it within close proximity to major transportation arteries and amenities. The building benefits from its location near Lakewood Ranch's Main Street Center and Waterside, surrounded by established businesses, dining, shopping, and residential areas. The current tenant is credit-rated, and the existing lease includes a 3% annual rent bump. This presents a compelling investment opportunity in a rapidly growing area, with potential for strong future appreciation. The property is owned by an LLC and is offered with one lease option.

    Property Features for 4940 Lakewood Ranch Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,114 SF
    Class
    B

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    2

    HighLights

    • 7,000 square feet available September 1, 2024, ideal for owner‑user or lease at market rate.
    • Second tenant's lease expires end of 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wessel Construction Construction Company

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Law Firm Spa & Massage Dental Office Hair Salon Realty agency Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4313902
    Latitude
    27.3747588

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Sarasota Office Space, Owner/User Opportunity
    Where is this office property / space located?
    The property is located at 4940 Lakewood Ranch Blvd Sarasota, FL.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 7,000 square feet available September 1, 2024, ideal for owner-user or lease at market rate.; Second tenant's lease expires end of 2024.;
    Request Owner's contact information
    4940 Lakewood Ranch Blvd Sarasota, FL 34240
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    Realmo Value Estimation

    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.

    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.

    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
    4940 Lakewood Ranch Blvd Sarasota, FL 34240
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