115 Shamrock Boulevard, Venice, FL 34293

Building Details

Year Built 1961 More

Buildings 1 More

Building Size 2,181 SF More

Listing Agency: American Property Group of Sarasota Inc

Listed By: Adam Seidel · License #FL SL3213728 Show Phone

Source: Crexi

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:00PM

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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 American Property Group of Sarasota Inc

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Investment Insights

Based on property information with market context.

This office property contains approximately 2,181 square feet in a building constructed in 1961. The parcel encompasses approximately 9,733 square feet and carries OPI (Office, Professional, and Institutional) zoning. Any proposed use remains subject to confirmation with local authorities.

Shamrock Boulevard is near South Tamiami Trail and Jacaranda Plaza. Retail and dining options in the commercial surroundings include Lowe's, Burlington, Ulta Beauty, Marshalls, Bonefish Grill, and Culver's.

Key Highlights

• ±2,181 SF office building on a ±9,733 SF lot
• Built in 1961
• Zoned OPI (Office, Professional, and Institutional)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,799

Cap Rate

6.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$635,980 $636.0K

Cap Rate 7%

$454,271 $454.3K

Cap Rate 9%

$353,322 $353.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,181 SF

Gross rent

$47.1K $21.60/SF

− Vacancy

−$4.7K −$2.16/SF

EGI

$42.4K $19.44/SF

− OpEx

−$10.6K −$4.86/SF

NOI

$31.8K $14.58/SF

Area

Sarasota County, FL

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$635,980

Cap Rate 7%

$454,271

Cap Rate 9%

$353,322

Alternative Uses

Best Use

Office B

$454.3K

$397.5K – $530.0K (±1% cap)

NOI $31,799 @ 7.0% cap · market cap 6.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$619.9K

$542.4K – $723.2K (±1% cap)

NOI $43,390 @ 7.0% cap · market cap 8.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

FOOT, ANKLE & VEIN ... Physician Daniel London DPM Physician R Clint Laird ... Physician Boyd Robinson PA Physician Dr. R. Andrew ... Physician

Suggested Use

Top Pick Restaurant Law Firm Big Box & Wholesale Store Gym & Fitness Center Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

865

Businesses Nearby

Explore this area Business Placement

Demographics for 34293, FL

44,935

Population

28,344

Households

1.6

Avg Household Size

63

Median Age

38%

College-Educated

95%

High-School Grad

32.6 sq mi

ZIP Area

1,378

Density / Sq Mi

$87,543

Median Household Income

$40,427

Median Earnings

$1,831

Median Rent

$368,100

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Sarasota County, FL

$602 Jul

$493 Aug

$505 Sep

$438 Oct

Properties on Market for Office buildings in Sarasota County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - The OPI designation identifies this property as an office, professional, and institutional asset.

Where is this office building located?

The property is located at 115 Shamrock Boulevard Venice, FL.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: ±2,181 SF office building on a ±9,733 SF lot; Built in 1961; Zoned OPI (Office, Professional, and Institutional)