Medical Office Building
3844 Bee Ridge Road Sarasota, FL 34233
3844 Bee Ridge Road, Sarasota, FL, 34233
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For Sale
Contact for pricing
Nine-building medical office portfolio in rapidly growing Southwest Florida.
Property Size164,677 SF
Price / SF$406.54
Days on Market242
Property Features for 3844 Bee Ridge Road
General Information
- Standard status
- Active
- Size
- 164,677 SF
- Property subtype
- Office
Listing agency
SVN COMMERCIAL ADVISORY GROUP
(941) 773-9984
Listed by
Matt Fenske · License #FL #SL3373336
(941) 773-9984
Source
Svn
Added: Nov 21, 2025 Updated: Jul 6 at 8:59AM Checked: Jul 21 at 6:50AM
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 portfolio features nine buildings totaling 164,677 square feet, strategically located along Florida’s Gulf Coast, spanning from Ellenton in North Manatee County through Bradenton and Sarasota, down to Venice and North Port in South Sarasota County. The portfolio consists of eight office/medical office buildings and one retail-style building. Anchored by MaxHealth, a physician-owned primary healthcare business with over 50 locations across Florida, the properties benefit from prominent road frontage along major highways and thoroughfares throughout the North Port–Sarasota–Bradenton MSA, ensuring strong visibility, ease of access, and close proximity to area hospitals and medical centers. Five buildings are larger multi-tenant buildings with MaxHealth as the primary anchor, and four are single-tenant MaxHealth buildings. The portfolio can be purchased as a whole, or buildings may be purchased individually, with the exception of the two Cortez Road buildings that are both located on the same deeded parcel. The anchor tenant, MaxHealth, is a strong Florida-centric medical group, with two thirds of the overall portfolio square footage built out as medical offices. The average in-place term is 7.2 years, with just under half of tenants having been in place for 5+ years. The region has experienced substantial growth and development, with tens of thousands of new residential units either completed or currently under construction, driving demand for high-quality medical services and facilities. The area’s aging population has led to a marked increase in demand for healthcare services, with approximately 49.2% of the area’s residents over the age of 55.
Key Highlights
- Anchored by MaxHealth, a strong physician‑owned primary healthcare business with over 50 locations, providing a stable tenant base.
- Located in rapidly growing Southwest Florida, an area experiencing substantial residential growth and an aging population driving demand for healthcare services.
- Portfolio of 9 buildings (eight office/medical office and one retail‑style) strategically positioned along Florida’s Gulf Coast.
Local 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 | $3.79M | $23.04 |
| − Vacancy | −$208.7k | −$1.27 |
| EGI | $3.59M | $21.77 |
| − OpEx | −$896.4k | −$5.44 |
| NOI | $2.69M | $16.33 |
164,677 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$38.42M
$33.61M – $44.82M
NOI $2,689,110 @ 7.0% cap · market cap 4.02%
Second Best
Healthcare Medical
$36.32M
$31.78M – $42.37M
NOI $2,542,382 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$48.43M
$42.37M – $56.50M
NOI $3,389,843 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Nine-building medical office portfolio in rapidly growing Southwest Florida.
Where is this medical office space located?
The property is located at 3844 Bee Ridge Road Sarasota, FL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Anchored by **MaxHealth**, a strong physician‑owned primary healthcare business with over 50 locations, providing a stable tenant base.; Located in rapidly growing Southwest Florida, an area experiencing substantial residential growth and an aging population driving demand for healthcare services.; Portfolio of 9 buildings (eight office/medical office and one retail‑style) strategically positioned along Florida’s Gulf Coast.
