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    Property profile & analytics

    1709 Ringling Blvd Sarasota, FL 34236

    • Commercial real estate
    • 47,572 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4040985
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Defense Tax Partners Tax Relief Settlement Attorneys, Free Consultation / Tax Preparation Service

    Property Details for 1709 Ringling Blvd

    Property size
    47,572 SF
    Property type
    Commercial real estate

    Description

    This exceptional office building in downtown Sarasota offers a variety of executive office suites for lease. Located on Ringling Boulevard, this Class B building boasts 47,572 square feet across six stories and is zoned DTC. Four distinct spaces are currently available, ranging from a generous 1,500 square feet to a substantial 19,376 square feet. The building's strategic location places businesses in the heart of Sarasota's vibrant downtown core. Several floor plans are available, offering flexibility to suit diverse business needs. A ground floor unit provides the unique option of being subdivided into four separate office suites, ideal for smaller businesses or shared workspace arrangements. The second, fifth, and sixth-floor units feature open layouts, perfect for collaborative work environments, while also including private office spaces. Each unit offers an open layout design complemented by private offices, providing a balance between collaborative and individual workspaces. This is a fantastic opportunity to secure premium office space in a highly desirable location. Sarasota County's thriving business environment makes this an ideal location for companies seeking a prestigious address and convenient access to amenities. Inquire today for detailed floor plans and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.53618779
    Latitude
    27.33513867

    Comparable in this City

    • $25 SF/Yr
      7,445 SF

      Downtown Sarasota Office Space

      7,445 sq ft Office Suite Available
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    • $33 SF/Yr
      93,756 SF

      Courthouse Centre Office Space

      Sarasota, FL Office Suites Available
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    • $20 SF/Yr
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      Downtown Sarasota Office Space

      Premier office space in downtown Sarasota with panoramic views.
      50 Central Ave, Sarasota, FL 34236
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    • $14 SF/Yr
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      Downtown Sarasota Second Floor Office

      5,000 SF office space with parking in downtown Sarasota.
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    • $15 SF/Yr
      30,331 SF

      Modern Facility in Sarasota

      High-quality office and warehouse space available for lease.
      1074 N Orange Ave, Sarasota, FL 34236
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    • $20 SF/Yr
      1,580 SF

      Downtown Sarasota Bungalow Office Space

      Charming 1923 bungalow office near downtown Sarasota for rent.
      535 Lafayette Ct, Sarasota, FL 34236
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    Similar Nearby for Sale

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      240,297 SF

      Value-Add Opportunity with Parking

      Property in high-growth area with integrated parking structure.
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    • $2,799,000
      5,918 SF

      Mixed-Use Property in Downtown Sarasota

      Mixed-use property with condo, residential, and commercial zoning.
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    • $352,800
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      Downtown Sarasota Retail/Office Condominium Suites

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    • $1,525,000
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      Sarasota Office Condo Investment

      Prime Sarasota Office, 6% Cap Rate
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    • Contact for pricing
      50,459 SF

      Downtown Sarasota Office Building

      Prime location, 50,459 SF, development potential
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    • $1,650,000
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      Downtown Sarasota Office Building

      Historic Charm, Prime Location, High Potential
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    Similar Nearby for Lease

    • $25 SF/Yr
      7,445 SF

      Downtown Sarasota Office Space

      7,445 sq ft Office Suite Available
      240 Washington Blvd, Sarasota, FL 34236
      View Details
    • $33 SF/Yr
      93,756 SF

      Courthouse Centre Office Space

      Sarasota, FL Office Suites Available
      1990 Main St, Sarasota, FL 34236
      View Details
    • $20 SF/Yr
      5,490 SF

      Downtown Sarasota Office Space

      Premier office space in downtown Sarasota with panoramic views.
      50 Central Ave, Sarasota, FL 34236
      View Details
    • $14 SF/Yr
      5,000 SF

      Downtown Sarasota Second Floor Office

      5,000 SF office space with parking in downtown Sarasota.
      1549 State St, Sarasota, FL 34236
      View Details
    • $15 SF/Yr
      30,331 SF

      Modern Facility in Sarasota

      High-quality office and warehouse space available for lease.
      1074 N Orange Ave, Sarasota, FL 34236
      View Details
    • $20 SF/Yr
      1,580 SF

      Downtown Sarasota Bungalow Office Space

      Charming 1923 bungalow office near downtown Sarasota for rent.
      535 Lafayette Ct, Sarasota, FL 34236
      View Details
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    1709 Ringling Blvd
    Sarasota, FL 34236
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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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