Six-Suite Executive Office
1500 E Venice Avenue 4f, Venice, FL 34292
For Sale
$1,300,000
Second-floor office units offer private building entry, adaptable layouts, and existing occupancy across a professional office setting.
Property Size6,639 SF
Price / SF$195.81
Days on Market93
Property Features for 1500 E Venice Avenue 4f
General Information
Standard status
Size
Elevators
Additional Details
Floor
Office Units
Amenities
dedicated lobby entry
configurable suites
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
SENSIBLE PROPERTY MANAGMENT
Listed By:
Jason Welch · License #3272633
(813) 386-5922
Source:
Whitesandsfl
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 7 at 1:23PM
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 SENSIBLE PROPERTY MANAGMENT
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Investment Insights
Based on property information with market context.
Located at 1500 E Venice Avenue in Venice, Florida, this 6,639-square-foot office offering occupies the building’s full second floor and contains six executive suites. Constructed in 2008, the property includes exclusive control of the main lobby and elevator, creating a dedicated arrival experience for occupants and visitors.
Two suites are leased, while four remain vacant for future occupancy. The suites can support professional office or medical office use, and the layout may also be combined for a single corporate user. The property is positioned on E Venice Avenue, identified as a key thoroughfare for professional and medical businesses, with visibility and access from the avenue.
Two suites are leased, while four remain vacant for future occupancy. The suites can support professional office or medical office use, and the layout may also be combined for a single corporate user. The property is positioned on E Venice Avenue, identified as a key thoroughfare for professional and medical businesses, with visibility and access from the avenue.
Key Highlights
- 6,639 SF across the entire second floor
- Six executive office suites, with two leased and four vacant
- Exclusive use and control of the building’s main lobby and elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,797
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,935,940
$1.9M
Cap Rate 7%
$1,382,814
$1.4M
Cap Rate 9%
$1,075,522
$1.1M
Market Conditions
NOI Build-Up for 6,639 SF
Gross rent
$143.4K $21.60/SF
− Vacancy
−$14.3K −$2.16/SF
EGI
$129.1K $19.44/SF
− OpEx
−$32.3K −$4.86/SF
NOI
$96.8K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,935,940
Cap Rate 7%
$1,382,814
Cap Rate 9%
$1,075,522
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,797 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,080 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 34292, FL
17,141
Population
10,559
Households
1.6
Avg Household Size
68
Median Age
43%
College-Educated
96%
High-School Grad
32.5 sq mi
ZIP Area
527
Density / Sq Mi
$80,274
Median Household Income
$41,719
Median Earnings
$1,924
Median Rent
$417,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Venice, FL
Properties on Market for Office Units in Venice
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office units offer private building entry, adaptable layouts, and existing occupancy across a professional office setting.
Where is this office unit located?
The property is located at 1500 E Venice Avenue 4f Venice, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,639 SF across the entire second floor; Six executive office suites, with two leased and four vacant; Exclusive use and control of the building’s main lobby and elevator
