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Property profile

72 Sarasota Center Blvd 72 Sarasota, FL 34240

FOR SALE
Office Spaces
Property ID
US18-5586798
1,045 SF Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This Class A, 9,775 square foot executive and creative office building at 72 Sarasota Center Blvd, Sarasota, FL 34240 offers multiple tenancy options. Currently, 175 square feet of space is immediately available, with contiguous spaces ranging up to a maximum of 1,800 square feet. The building comprises five total suites, providing a range of sizes to accommodate various business needs. Four private executive suites are available, ranging from approximately 110 to 175 square feet each. These suites benefit from a shared lobby, spacious common area, fully equipped kitchen, mail/storage room, and two private bathrooms. A conference room is also available for shared use. The building enjoys a prime location, conveniently connecting Waterside Lakewood Ranch to Fruitville Road. Utilities are included in the monthly rent, encompassing water, electricity, internet access, and the use of a commercial printer. One parking space is provided per suite, with additional parking potentially available on a case-by-case basis. Tenants are subject to building HOA approval. This is an ideal solution for professionals seeking a productive workspace, offering a blend of privacy and shared amenities. The minimum divisible space is 175 square feet.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,045 SF
Zoning code PID
APN 0219-01-1007
UPID US18-5586798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Accounting Firm
  • Loan Service Bank
  • Spa & Massage Center Skin Care Clinic
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2023
Last sale
$415,000
3 recorded transactions
2023
$415,000
2014
$135,500
2012
$100

Zoning & alternative use

PID · Sarasota, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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