Six-Suite Office
For Sale
$1,300,000
1500 E VENICE AVE #4F, Venice, FL 34292
Second-floor offices include private access through the building’s lobby and elevator.
Property Size6,639 SF
Price / SF$195.81
Days on Market257
Property Features for 1500 E VENICE AVE #4F
General Information
Standard status
Active
Size
6,639 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
2
Office Units
6
Tenant in Place
Yes
Property Use
Executive Suites
Taxes and HOA fees
Annual Taxes
$12,633
Building Details
Building Size
6,639 SF
Year Built
2008
Tenancy
Multi
Listing Agency:
SENSIBLE PROPERTY MANAGMENT
Listed By:
Jason Welch · License #3272633
(813) 386-5922
Source:
Bascomgrooms
Added: Feb 13
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 on the second floor at 1500 E Venice Ave, this 6,639-square-foot office property is arranged as six suites. Two suites are leased, while four are vacant. The building was constructed in 2008.
The offering includes exclusive use and control of the building’s main lobby and elevator. The suites can remain separate or be combined, and the property information identifies professional and medical office use as options.
The offering includes exclusive use and control of the building’s main lobby and elevator. The suites can remain separate or be combined, and the property information identifies professional and medical office use as options.
Key Highlights
- 6,639‑square‑foot second‑floor office property
- Six‑suite layout, with two suites 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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Property Analytics
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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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor offices include private access through the building’s lobby and elevator.
Where is this office unit located?
The property is located at 1500 E VENICE AVE #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‑square‑foot second‑floor office property; Six‑suite layout, with two suites leased and four vacant; Exclusive use and control of the building’s main lobby and elevator
