Medical Office Suite with
For Sale
$399,000
1219 S East Avenue 3-304, Sarasota, FL 34239
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 Market80
Property Features for 1219 S East Avenue 3-304
General Information
Standard status
Active
Size
1,024 SF
Additional Details
Office Units
5
Amenities
conference room
private shower
kitchenette
Building Details
Year Built
1986
Listing Agency:
VILLA & COMPANY INC
Listed By:
Judson Villa · License #3009551
(941) 556-6798
Source:
Whitesandsfl
Added: Jul 21
Changed: Sep 29
Last Checked: Oct 7 at 3:04PM
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
Estimated NOI and Cap Rate
NOI / Yr
$14,930
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,600
$298.6K
Cap Rate 7%
$213,286
$213.3K
Cap Rate 9%
$165,889
$165.9K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$22.1K $21.60/SF
− Vacancy
−$2.2K −$2.16/SF
EGI
$19.9K $19.44/SF
− OpEx
−$5.0K −$4.86/SF
NOI
$14.9K $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%
$298,600
Cap Rate 7%
$213,286
Cap Rate 9%
$165,889
Alternative Uses
Best Use
Office B
$213.3K
$186.6K – $248.8K
NOI $14,930 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.0K
$254.7K – $339.5K
NOI $20,372 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
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
