Office Condo in Peridia Office
For Sale
$645,000
3911 Golf Park Loop Unit 105, Bradenton, FL 34203
Well-maintained office condo offers a large open layout with easy access via State Road 70 and Peridia Blvd East.
Property Size2,340 SF
Price / SF$275.64
Days on Market87
Property Features for 3911 Golf Park Loop Unit 105
General Information
Standard status
Active
Size
2,340 SF
Class
B
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,340 SF
Year Built
2004
Listing Agency:
SVN COMMERCIAL ADVISORY GROUP
Listed By:
Matt Fenske · License #FL #SL3373336
(941) 773-9984
Source:
Svn
Added: Jun 11
Changed: Aug 26
Last Checked: Sep 4 at 5:29AM
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 2,340 SF office condo is available for sale in the well-maintained Peridia Office Park. The space is designed with a large open layout that can support collaborative work or be reconfigured to add additional offices as needed.
The property provides convenient access through entrances off State Road 70 and Peridia Blvd East. It is located within minutes of US-301 and within ten minutes of Interstate 75, offering practical connectivity for staff, clients, and visitors.
With an established mix of medical and professional users in the surrounding office park, the unit may fit a range of office and healthcare-related tenants or owner-users. The open configuration can also be useful for teams that prefer flexible spacing while retaining the option to create more defined rooms later.
The property provides convenient access through entrances off State Road 70 and Peridia Blvd East. It is located within minutes of US-301 and within ten minutes of Interstate 75, offering practical connectivity for staff, clients, and visitors.
With an established mix of medical and professional users in the surrounding office park, the unit may fit a range of office and healthcare-related tenants or owner-users. The open configuration can also be useful for teams that prefer flexible spacing while retaining the option to create more defined rooms later.
Key Highlights
- 2,340 SF office condo built in 2004 within the Peridia Office Park
- Large open layout for collaborative work or potential build‑out of additional offices
- Professional setting in Peridia Office Park with medical and professional tenants
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
$38,211
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
5.92%
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%
$764,220
$764.2K
Cap Rate 7%
$545,871
$545.9K
Cap Rate 9%
$424,567
$424.6K
Market Conditions
NOI Build-Up for 2,340 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
$53.9K $23.04/SF
− Vacancy
−$3.0K −$1.27/SF
EGI
$50.9K $21.77/SF
− OpEx
−$12.7K −$5.44/SF
NOI
$38.2K $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%
$764,220
Cap Rate 7%
$545,871
Cap Rate 9%
$424,567
Alternative Uses
Best Use
Office B
$545.9K
$477.6K – $636.9K
NOI $38,211 @ 7.0% cap · market cap 5.92%
Second Best
Healthcare Medical
$516.1K
$451.6K – $602.1K
NOI $36,126 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,168 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condo offers a large open layout with easy access via State Road 70 and Peridia Blvd East.
Where is this office units located?
The property is located at 3911 Golf Park Loop Unit 105 Bradenton, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2,340 SF office condo built in 2004 within the Peridia Office Park; Large open layout for collaborative work or potential build‑out of additional offices; Professional setting in Peridia Office Park with medical and professional tenants
