Second-Floor Office
For Sale
$250,000
E214-2831 Ringling Blvd, Sarasota, FL 34236
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 Market79
Property Features for E214-2831 Ringling Blvd
General Information
Standard status
Active
Size
635 SF
Taxes and HOA fees
Annual Taxes
$2,086
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 957-9300
Listed By:
Ali Marks · License #3560076
(941) 321-5147
Source:
Exprealty
Added: Jul 21
Changed: Sep 8
Last Checked: Oct 7 at 1:16PM
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
Estimated NOI and Cap Rate
NOI / Yr
$9,258
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,160
$185.2K
Cap Rate 7%
$132,257
$132.3K
Cap Rate 9%
$102,867
$102.9K
Market Conditions
NOI Build-Up for 635 SF
Gross rent
$13.7K $21.60/SF
− Vacancy
−$1.4K −$2.16/SF
EGI
$12.3K $19.44/SF
− OpEx
−$3.1K −$4.86/SF
NOI
$9.3K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,160
Cap Rate 7%
$132,257
Cap Rate 9%
$102,867
Alternative Uses
Best Use
Office B
$132.3K
$115.7K – $154.3K
NOI $9,258 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$180.5K
$157.9K – $210.6K
NOI $12,633 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
