Second-Floor Office
E214-2831 Ringling Blvd Sarasota, FL 34236
For Sale
$250,000
Second-floor suite with reception area, three private offices, private restroom, kitchenette, elevator access, and covered balconies.
Property Size635 SF
Price / SF$393.70
Days on Market9
Property Features for E214-2831 Ringling Blvd
General Information
Standard status
Active
Size
635 SF
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 321-5147
Listed By:
Ali Marks · License #3560076
(941) 321-5147
Source:
Exprealty
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 26 at 6:12AM
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 LOYD ROBBINS & CO. LLC
Investment Insights
Based on property information with market context.
Ringling Professional Center offers a well-maintained second-floor office condominium with 635 SF of functional space. The suite begins with a reception/work area and flows into three private offices, providing options for individual workspaces, conference use, or administrative functions. Large windows, two private covered balconies, a private restroom, and a kitchenette support day-to-day client and staff needs, and elevator access provides added convenience.
The professional office community features mature landscaping, ample parking, and attractive architecture, with easy access from Ringling Boulevard or Fruitville Rd. CN zoning supports a wide variety of professional office users.
This property is offered for sale and is positioned for both owner-users looking to reduce ongoing leasing and investors seeking a centrally located office condominium within the Ringling Professional Center.
The professional office community features mature landscaping, ample parking, and attractive architecture, with easy access from Ringling Boulevard or Fruitville Rd. CN zoning supports a wide variety of professional office users.
This property is offered for sale and is positioned for both owner-users looking to reduce ongoing leasing and investors seeking a centrally located office condominium within the Ringling Professional Center.
Key Highlights
- Second‑floor office condominium suite with 635 SF of office space
- Suite layout includes a reception/work area plus three private offices
- Features include a private restroom and a kitchenette
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 | $14.6k | $23.04 |
| − Vacancy | −$805 | −$1.27 |
| EGI | $13.8k | $21.77 |
| − OpEx | −$3.5k | −$5.44 |
| NOI | $10.4k | $16.33 |
635 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$148.1K
$129.6K – $172.8K
NOI $10,369 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.7K
$163.4K – $217.9K
NOI $13,071 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Second-floor suite with reception area, three private offices, private restroom, kitchenette, elevator access, and covered balconies.
Where is this office units located?
The property is located at E214-2831 Ringling Blvd Sarasota, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Second‑floor office condominium suite with 635 SF of office space; Suite layout includes a reception/work area plus three private offices; Features include a private restroom and a kitchenette
