Medical Office Building with
For Sale
$1,949,000
7458 N Tamiami Trail SARASOTA, Sarasota, FL 34243
Up to 27 offices and exam rooms with multiple entrances, 37 parking spaces, and a new roof plus new HVAC systems.
Property Size8,460 SF
Price / SF$230.38
Days on Market44
Property Features for 7458 N Tamiami Trail SARASOTA
General Information
Standard status
Active
Size
8,460 SF
Total Parking Spaces
37
Zoning
PRS/WR/A
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,497
Amenities
monument signage
Carpet,Marble
Blinds
Public Records
true
Public
38315
0.88
false
Paved
Slab
Access Road,City Street,Divided Highway,Highway,Private Road
8460
1
Building Details
Building Size
8,460 SF
Year Built
1988
Buildings
1
Tenancy
Multi
Listing Agency:
(904) 569-5862
Listed By:
Christina Freeman
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 5
Changed: Aug 15
Last Checked: Aug 16 at 3:02AM
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 Christina Freeman
Investment Insights
Based on property information with market context.
This professional office building offers approximately 8,460± SF of flexible space designed for medical and related uses, with up to 27 offices/exam rooms and 5 plumbed suites. The interior package includes modernized spaces, refreshed exterior, updated common areas, and enhanced landscaping, and the renovation is highlighted by a new commercial roof with a 20+ year warranty and 7 new HVAC systems. Specialized rooming includes 3 imaging/equipment rooms, supporting a variety of clinical workflows.
The building is situated on a highly visible corner of US-41 (Tamiami Trail) and Tallevast Road with monument signage, and features 2 entrances for access and circulation. The site includes 37 parking spaces.
For sale as a turnkey owner-user or investment, the property’s layout and dedicated room count support multi-tenant configurations while maintaining dedicated medical-ready spaces such as plumbed suites and imaging/equipment rooms.
The building is situated on a highly visible corner of US-41 (Tamiami Trail) and Tallevast Road with monument signage, and features 2 entrances for access and circulation. The site includes 37 parking spaces.
For sale as a turnkey owner-user or investment, the property’s layout and dedicated room count support multi-tenant configurations while maintaining dedicated medical-ready spaces such as plumbed suites and imaging/equipment rooms.
Key Highlights
- Approximately 8,460± SF professional/medical office building (1 building) built in 1988
- Up to 27 offices/exam rooms plus 5 plumbed suites for medical, dental, or aesthetic practices
- Includes 3 specialized imaging/equipment rooms and 2 entrances
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
$138,148
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
7.09%
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%
$2,762,960
$2.8M
Cap Rate 7%
$1,973,543
$2.0M
Cap Rate 9%
$1,534,978
$1.5M
Market Conditions
NOI Build-Up for 8,460 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
$194.9K $23.04/SF
− Vacancy
−$10.7K −$1.27/SF
EGI
$184.2K $21.77/SF
− OpEx
−$46.0K −$5.44/SF
NOI
$138.1K $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%
$2,762,960
Cap Rate 7%
$1,973,543
Cap Rate 9%
$1,534,978
Alternative Uses
Best Use
Office B
$1.97M
$1.73M – $2.30M
NOI $138,148 @ 7.0% cap · market cap 7.09%
Second Best
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,611 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,147 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
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?
Medical Office Space - Up to 27 offices and exam rooms with multiple entrances, 37 parking spaces, and a new roof plus new HVAC systems.
Where is this medical office space located?
The property is located at 7458 N Tamiami Trail SARASOTA Sarasota, FL.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Approximately 8,460± SF professional/medical office building (1 building) built in 1988; Up to 27 offices/exam rooms plus 5 plumbed suites for medical, dental, or aesthetic practices; Includes 3 specialized imaging/equipment rooms and 2 entrances
