Medical Office Suite with
1219 S East Avenue 3-304 Sarasota, FL 34239
New
For Sale
$399,000
Office suite includes five offices, a conference room, and a kitchenette with private entry door.
Property Size1,024 SF
Price / SF$389.65
Days on Market3
Property Features for 1219 S East Avenue 3-304
General Information
- Standard status
- Active
- Size
- 1,024 SF
Building Details
- Year Built
- 1986
Listing Agency:
VILLA & COMPANY INC
(941) 556-6798
Listed By:
Judson Villa · License #3009551
Source:
Whitesandsfl
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:17AM
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 VILLA & COMPANY INC
Investment Insights
Based on property information with market context.
This well-maintained office suite is part of Midtown Medical Park and features five offices plus a conference room. Interior updates include luxury vinyl flooring and fresh paint. The main office suite includes a private shower, along with one guest bathroom. A kitchenette is provided with a sink, mini fridge, ample cabinetry, and a private entry door, supporting a flexible office layout.
The building offers free parking outside the property. The suite is described as being minutes from Sarasota Memorial Hospital and downtown.
Overall, the space is configured for professional or medical office use, with dedicated room count suitable for team meetings, client discussions, and day-to-day operations.
The building offers free parking outside the property. The suite is described as being minutes from Sarasota Memorial Hospital and downtown.
Overall, the space is configured for professional or medical office use, with dedicated room count suitable for team meetings, client discussions, and day-to-day operations.
Key Highlights
- Office building built in 1986 in Midtown Medical Park
- Updated interior with luxury vinyl flooring and fresh paint
- Includes 5 offices and a conference room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $23.04 |
| − Vacancy | −$1.3k | −$1.27 |
| EGI | $22.3k | $21.77 |
| − OpEx | −$5.6k | −$5.44 |
| NOI | $16.7k | $16.33 |
1,024 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$238.9K
$209.0K – $278.7K
NOI $16,722 @ 7.0% cap · market cap 4.19%
Second Best
Healthcare Medical
$225.8K
$197.6K – $263.5K
NOI $15,809 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$301.1K
$263.5K – $351.3K
NOI $21,079 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Midtown Medical Park
Physician
The Plastic Surgery Center, ...
Physician
Dr. Stefan R. ...
Physician
Safe IRA Investments
Property Investment Company
Rosenberg Asset Management
Financial Advisor
FAQs
What type of property is this?
Office building - Office suite includes five offices, a conference room, and a kitchenette with private entry door.
Where is this office building located?
The property is located at 1219 S East Avenue 3-304 Sarasota, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Office building built in 1986 in Midtown Medical Park; Updated interior with luxury vinyl flooring and fresh paint; Includes 5 offices and a conference room
