Medical Office Condo with Open
For Sale
$449,000
4509 BEE RIDGE Road, Sarasota, FL 34233
Commercial Sale, SARASOTA, FL
Property Size1,350 SF
Lot Size0.42 Acres
Price / SF$332.59
Days on Market239
Property Features for 4509 BEE RIDGE Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CG
Subdivision
4509 BEE RIDGE ROAD
Directions
ON BEE RIDGE ROAD JUST EAST OF MCINTOSH ROAD ON THE NORTH SIDE OF THE STREET Realtor Remarks: Owner financing available
Standard status
Active
APN
0063131005
Size
1,350 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT E, 4509 BEE RIDGE ROAD
Tax Annual Amount
3069
Legal Description
UNIT E, 4509 BEE RIDGE ROAD
Utilities
Cooling system
Central Air
Amenities
wide-open reception and waiting area
two restrooms
Building Details
Year built
1972
Building materials
Block
Listing Agency:
PREFERRED SHORE LLC
(941) 999-1179
Listed By:
Kenia Rivas · License #3116606
(941) 737-6801
Added: Jan 7
Changed: Aug 19
Last Checked: Sep 3 at 6:06AM
MLS# A4677353
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,350-square-foot medical office condo is configured with an open reception and waiting area plus two restrooms. The space currently operates as a therapy center and includes central air conditioning. Block construction dates to 1972, and the property carries CG zoning.
The unit fronts Bee Ridge Road in Sarasota, east of McIntosh Road, with signage and parking around the building. Access to I-75 and US-41, also known as Tamiami Trail, supports connections across the surrounding area. The property is situated on a 0.42-acre site.
The unit fronts Bee Ridge Road in Sarasota, east of McIntosh Road, with signage and parking around the building. Access to I-75 and US-41, also known as Tamiami Trail, supports connections across the surrounding area. The property is situated on a 0.42-acre site.
Key Highlights
- 1,350 SF medical office condo with open reception and waiting area
- Currently operating as a therapy center
- Direct frontage on Bee Ridge Road, east of McIntosh Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,045
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,900
$440.9K
Cap Rate 7%
$314,929
$314.9K
Cap Rate 9%
$244,944
$244.9K
Market Conditions
NOI Build-Up for 1,350 SF
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.
Gross rent
$31.1K $23.04/SF
− Vacancy
−$1.7K −$1.27/SF
EGI
$29.4K $21.77/SF
− OpEx
−$7.3K −$5.44/SF
NOI
$22.0K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,900
Cap Rate 7%
$314,929
Cap Rate 9%
$244,944
Alternative Uses
Best Use
Office B
$314.9K
$275.6K – $367.4K
NOI $22,045 @ 7.0% cap · market cap 4.91%
Second Best
Healthcare Medical
$297.7K
$260.5K – $347.4K
NOI $20,842 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$397.0K
$347.4K – $463.2K
NOI $27,789 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34233, FL
18,723
Population
9,427
Households
2
Avg Household Size
52
Median Age
41%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,069
Density / Sq Mi
$77,041
Median Household Income
$44,222
Median Earnings
$1,787
Median Rent
$364,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Sarasota Veterinarian — 4535 Bee Ridge Rd, Sarasota, FL 34233
- Mark Downing DVM — 4535 Bee Ridge Rd, Sarasota, FL 34233
- Sarasota Animal Hospital — 4535 Bee Ridge Rd, Sarasota, FL 34233
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial suite with a broad reception area, two restrooms, central air, and direct Bee Ridge Road frontage.
Where is this medical office space located?
The property is located at 4509 BEE RIDGE Road Sarasota, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,350 SF medical office condo with open reception and waiting area; Currently operating as a therapy center; Direct frontage on Bee Ridge Road, east of McIntosh Road
