3406 MAGIC OAK LANE 3406 Sarasota, FL 34232
Two fully leased office condo suites in Oakwood Office Park.
- Added:
- Feb 14, 2025
- Days on Market:
- 514
- Last Refresh:
- May 20 at 2:10 am
Property Features for 3406 MAGIC OAK LANE 3406
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2005
Listing office DOUGLAS ELLIMAN (941) 587-6135
Listing date Feb 14, 2025
Source Exitrealty
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 DOUGLAS ELLIMAN
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased office condo suites offer immediate income.
- Prime location in the highly sought‑after Oakwood Office Park.
- Strategically located, providing seamless accessibility.
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 | $57.6k | $23.04 |
| − Vacancy | −$3.2k | −$1.27 |
| EGI | $54.4k | $21.77 |
| − OpEx | −$13.6k | −$5.44 |
| NOI | $40.8k | $16.33 |
