Six-Suite Executive Office
New
For Sale
$1,300,000
1500 E Venice Avenue 4f, Venice, FL 34292
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 Market2
Property Features for 1500 E Venice Avenue 4f
General Information
Standard status
Active
Size
6,639 SF
Elevators
Yes
Additional Details
Floor
2
Office Units
6
Amenities
dedicated lobby entry
configurable suites
Building Details
Year Built
2008
Buildings
1
Tenancy
Multi
Listing Agency:
SENSIBLE PROPERTY MANAGMENT
(813) 831-7368
Listed By:
Jason Welch · License #3272633
Source:
Whitesandsfl
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 3:33AM
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
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 = 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
$96,797
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
7.45%
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%
$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
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
$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 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%
$1,935,940
Cap Rate 7%
$1,382,814
Cap Rate 9%
$1,075,522
Alternative Uses
Best Use
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,885 @ 7.0% cap · market cap 9.38%
Second Best
Office B
$1.38M
$1.21M – $1.61M
NOI $96,797 @ 7.0% cap · market cap 7.45%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office units offer private building entry, adaptable layouts, and existing occupancy across a professional office setting.
Where is this office units 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
