Renovated Medical Office
For Sale
Contact for pricing
14575 S Tamiami Trl, North Port, FL 34287
Clinical layout includes imaging, laboratory, reception, and dedicated staff areas for healthcare operations.
Property Size6,500 SF
Price / SF$400
Days on Market147
Property Features for 14575 S Tamiami Trl
General Information
Standard status
Active
Size
6,500 SF
Class
B
Property subtype
Office
Occupancy
30%
Investment Type
Owner/User
Building Details
Year Built
2009
Year Renovated
2023
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
CNK Realty LLC
Listed By:
Ken Hughes · License #FL BK3048461
Source:
Crexi
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 5:41PM
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 CNK Realty LLC
Investment Insights
Based on property information with market context.
Renovated medical office space totaling 6,500 SF, with 4,500 SF designated for owner occupancy. The clinical layout includes 10–13 exam rooms, physician offices, a lead-lined X-ray room, laboratory, expansive waiting area, separate check-in and check-out points, nurses station, break room, and private entry and exit points. Building and monument signage are also in place.
An adjacent endodontist suite has been occupied since 2017 and provides rental income. The property is located at 14575 S. Tamiami Trail in North Port, near the Wellen Park community and within reach of multiple surrounding communities. Built in 2009, the building combines updated medical improvements with an existing healthcare tenancy.
An adjacent endodontist suite has been occupied since 2017 and provides rental income. The property is located at 14575 S. Tamiami Trail in North Port, near the Wellen Park community and within reach of multiple surrounding communities. Built in 2009, the building combines updated medical improvements with an existing healthcare tenancy.
Key Highlights
- 6,500 SF renovated medical office building
- 4,500 SF available for owner occupancy
- 10–13 exam rooms plus physician offices
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
$119,333
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
4.59%
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%
$2,386,660
$2.4M
Cap Rate 7%
$1,704,757
$1.7M
Cap Rate 9%
$1,325,922
$1.3M
Market Conditions
NOI Build-Up for 6,500 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
$208.3K $32.04/SF
− Vacancy
−$9.4K −$1.44/SF
EGI
$198.9K $30.60/SF
− OpEx
−$79.6K −$12.24/SF
NOI
$119.3K $18.36/SF
Area
Sarasota County, FL
Vacancy
4.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
40.00%
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%
$2,386,660
Cap Rate 7%
$1,704,757
Cap Rate 9%
$1,325,922
Alternative Uses
Best Use
Healthcare Medical
$1.70M
$1.49M – $1.99M
NOI $119,333 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$1.35M
$1.18M – $1.58M
NOI $94,770 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,315 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
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 - Clinical layout includes imaging, laboratory, reception, and dedicated staff areas for healthcare operations.
Where is this medical office space located?
The property is located at 14575 S Tamiami Trl North Port, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 6,500 SF renovated medical office building; 4,500 SF available for owner occupancy; 10–13 exam rooms plus physician offices
