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Property profile & analytics
FOR LEASE
Office buildings

2970 University Pkwy Sarasota, FL 34243

23,140 SF 1.9 ac lot Built 2008
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US18-0099318
Property summary
AI-generated overview

This exceptional sublease opportunity presents 795 square feet of Class A office space located at 2970 University Parkway, Sarasota, Florida 34243. Situated on the second floor of a two-story, 23,140 square foot building constructed in 2008 and renovated in 2013, this space is ideally suited for businesses focused on childcare and family services. The suite features four private offices and a shared entrance, fostering a collaborative environment. This space shares the building with an established childcare learning center, presenting potential for synergistic partnerships and shared client benefits. The building is zoned OPI and has a Sarasota County APN of 0020040006. Larger spaces, ranging up to 4,350 square feet, may also be available within the building. This is a multiple-tenancy building. The property is conveniently located on University Parkway in Sarasota County. The available space is perfect for a variety of businesses including, but not limited to, parent resource centers, family-focused non-profits, pediatric therapy providers, homeschool offices, and other child-focused services. This is a fantastic opportunity to establish a presence in a thriving Sarasota community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,140 SF
Lot 1.9 ac (82,896 SF)
Zoning code OPI
APN 0020-04-0006
UPID US18-0099318
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gulf Shores Counseling Center Crisis Center Medical Clinic
  • Dr. Veronica Medina Physician Medical Clinic
  • Dr. Patricia Bach Physician Medical Clinic
  • Dr. Michael Spellman Physician Medical Clinic
  • Dr. Christine Profito Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.54M
Comparable Approach Comparable
$6.34M
Blend (final) Blend
$6.14M
Owner & transaction history
Manasota Medical Arts Assn LLC · 15 yrs held
Manasota Medical Arts Assn LLC
since 2010
5 recorded transactions
2010
$1.8M
2006
$1.6M
2005
$1.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $10.2M +7.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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