First-Floor Medical Office
For Sale
Contact for pricing
1219 S East Ave # C 103, Sarasota, FL 34239
Efficient office condominium with reception, private rooms, restroom, and OPB zoning for medical or professional use.
Property Size815 SF
Price / SF$398.77
Days on Market15
Property Features for 1219 S East Ave # C 103
General Information
Standard status
Active
Size
815 SF
Class
B
Property subtype
Office
Zoning
OPB
Investment Type
Owner/User
Additional Details
Floor
First Floor
Building Details
Year Built
1986
Year Renovated
2026
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Tyler Sluman · License #FL SL3487138
Source:
Crexi
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 10 at 6:20AM
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
Investment Insights
Based on property information with market context.
This 815-square-foot medical office condominium occupies the first floor of a building constructed in 1986. Its layout includes a reception and waiting area, three private offices or exam rooms, and a private restroom. The suite is the first unit reached from the building’s main entrance, providing direct access for visitors and staff.
Zoned OPB, the property is suited to medical, wellness, or professional office applications. The configuration supports an owner-user or investor seeking a compact office asset with dedicated reception, private rooms, and on-site restroom facilities.
Zoned OPB, the property is suited to medical, wellness, or professional office applications. The configuration supports an owner-user or investor seeking a compact office asset with dedicated reception, private rooms, and on-site restroom facilities.
Key Highlights
- 815‑square‑foot first‑floor medical office condominium
- Reception and waiting area included
- Three private offices or exam rooms
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
$13,309
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
4.10%
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%
$266,180
$266.2K
Cap Rate 7%
$190,129
$190.1K
Cap Rate 9%
$147,878
$147.9K
Market Conditions
NOI Build-Up for 815 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
$18.8K $23.04/SF
− Vacancy
−$1.0K −$1.27/SF
EGI
$17.7K $21.77/SF
− OpEx
−$4.4K −$5.44/SF
NOI
$13.3K $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%
$266,180
Cap Rate 7%
$190,129
Cap Rate 9%
$147,878
Alternative Uses
Best Use
Office B
$190.1K
$166.4K – $221.8K
NOI $13,309 @ 7.0% cap · market cap 4.10%
Second Best
Healthcare Medical
$179.7K
$157.3K – $209.7K
NOI $12,582 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Efficient office condominium with reception, private rooms, restroom, and OPB zoning for medical or professional use.
Where is this medical office space located?
The property is located at 1219 S East Ave # C 103 Sarasota, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 815‑square‑foot first‑floor medical office condominium; Reception and waiting area included; Three private offices or exam rooms
