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    Turnkey Medical Office Suite Title is generated by Realmo AI

    1219 S East Ave # C, Sarasota, FL 34239

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    For Sale
    $739,000

    Move-in ready medical suite near Sarasota Memorial Hospital.

    Type:Medical/Healthcare
    Added:
    May 8, 2026
    Days on Market:
    23
    Last Refresh:
    May 8 at 2:46 pm

    Property Features for 1219 S East Ave # C

    General Information

    Standard status
    Active
    Property subtype
    Medical/Healthcare

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Adam Doak
    Adam Doak

    Listing agent Adam Doak License #3271713

    Listing office American Property Group of Sarasota, Inc.

    Listing date May 8, 2026

    Source Thebrokerlist

    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.

    HighLights

    • Premier location directly across from Sarasota Memorial Hospital in the healthcare corridor.
    • Turnkey, move‑in‑ready medical office suite with efficient layout.
    • Recently updated with new flooring and paint, providing a modern environment.
    • Multiple exam rooms (currently 3, potential for 4) and multiple physician offices.
    • Recent capital improvements including new hurricane‑impact windows and exterior repainting.
    • Elevator access, ADA accessibility, and ample on‑site parking.

    Overview

    Located in Sarasota's healthcare corridor, near U.S. Route 41 and approximately 0.3 miles from Sarasota Memorial Hospital, this medical office suite at Midtown Medical Plaza combines Suites 308 and 309. The updated space features new flooring and paint. The layout includes a waiting area and reception with check-in and check-out areas, three exam rooms with potential for a fourth, a common lab/work area, and two private physician offices, one with a full private bathroom including a shower. Additional interior features include a private administrative office, nurses’ stations, a staff breakroom with kitchen and separate private entrance, and an additional private restroom for staff and guests. Midtown Medical Plaza has undergone capital improvements, including new hurricane-impact windows and exterior repainting. The building provides elevator service, multiple ADA-compliant restrooms on the first and second floors, and on-site parking.
    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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bayshore Animal Clinic — 2145 Hillview St, Sarasota, FL 34239
    • Burns Court Veterinary Care — 1530 Dolphin St Suite 1, Sarasota, FL 34236

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.527099
    Latitude
    27.321849

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical suite near Sarasota Memorial Hospital.
    Where is this medical office space located?
    The property is located at 1219 S East Ave # C Sarasota, FL.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: Premier location directly across from Sarasota Memorial Hospital in the healthcare corridor.; Turnkey, move‑in‑ready medical office suite with efficient layout.; Recently updated with new flooring and paint, providing a modern environment.
    (941) 923-0535
    We can help!
    Listing Contact
    Adam Doak
    Adam Doak
    Real Estate License ID: 3271713
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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