Office Condo in Peridia Office
For Sale
$645,000
105-3911 Golf Park Loop, Bradenton, FL 34203
Corner office condo features an open-concept layout currently configured for a physical therapy practice.
Property Size2,340 SF
Price / SF$275.64
Days on Market88
Property Features for 105-3911 Golf Park Loop
General Information
Standard status
Active
Size
2,340 SF
Taxes and HOA fees
Annual Taxes
$5,572
Listing Agency:
SVN COMMERCIAL ADVISORY GROUP
Listed By:
Tony Veldkamp, CCIM · License ##BK576074
(941) 387-1200
Source:
Exprealty
Added: Jun 10
Changed: Aug 20
Last Checked: Sep 4 at 12:15PM
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 SVN COMMERCIAL ADVISORY GROUP
Investment Insights
Based on property information with market context.
This 2,340 SF office condo within Peridia Office Park offers a welcoming corner entry into a spacious, open-concept layout. The suite includes a reception area, a large private office near the front, and three additional private offices along the right side. A smaller office or potential storage/closet space is located near the front left corner.
The rear left portion of the unit includes two ADA-accessible restrooms, and the restrooms are equipped with a washer and dryer. The rear right corner is currently open and could be enclosed to create an additional private room.
Currently, the space is configured as a physical therapy practice, but the layout is designed to support a range of professional uses, including medical or therapy-oriented operations and traditional office configurations.
The rear left portion of the unit includes two ADA-accessible restrooms, and the restrooms are equipped with a washer and dryer. The rear right corner is currently open and could be enclosed to create an additional private room.
Currently, the space is configured as a physical therapy practice, but the layout is designed to support a range of professional uses, including medical or therapy-oriented operations and traditional office configurations.
Key Highlights
- 2,340 SF corner office condo in Peridia Office Park
- Currently configured as a physical therapy practice with an open‑concept floorplan
- Reception area plus large private office near entry, with three additional private offices along the right side
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
$38,211
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
5.92%
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%
$764,220
$764.2K
Cap Rate 7%
$545,871
$545.9K
Cap Rate 9%
$424,567
$424.6K
Market Conditions
NOI Build-Up for 2,340 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
$53.9K $23.04/SF
− Vacancy
−$3.0K −$1.27/SF
EGI
$50.9K $21.77/SF
− OpEx
−$12.7K −$5.44/SF
NOI
$38.2K $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%
$764,220
Cap Rate 7%
$545,871
Cap Rate 9%
$424,567
Alternative Uses
Best Use
Office B
$545.9K
$477.6K – $636.9K
NOI $38,211 @ 7.0% cap · market cap 5.92%
Second Best
Healthcare Medical
$516.1K
$451.6K – $602.1K
NOI $36,126 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,168 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
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?
Medical Office Space - Corner office condo features an open-concept layout currently configured for a physical therapy practice.
Where is this medical office space located?
The property is located at 105-3911 Golf Park Loop Bradenton, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2,340 SF corner office condo in Peridia Office Park; Currently configured as a physical therapy practice with an open‑concept floorplan; Reception area plus large private office near entry, with three additional private offices along the right side
