First-Floor Office
For Sale
$199,900
1515 TAMIAMI TRAIL S #2A, Venice, FL 34285
Private-access office suite with a current long-time tenant along US 41.
Property Size1,170 SF
Price / SF$170.85
Days on Market43
Property Features for 1515 TAMIAMI TRAIL S #2A
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Office
Building Details
Year Built
1986
Listing Agency:
MAPP REALTY & INVESTMENT CO
(941) 379-2448
Listed By:
Anthony Chabot · License #3626703
Source:
Endlesssummerrealty
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 31 at 1:56PM
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 MAPP REALTY & INVESTMENT CO
Investment Insights
Based on property information with market context.
This first-floor office condo contains approximately 1,170 square feet and has private access. The suite is currently occupied by a long-time tenant, while the building provides solid masonry construction dating to 1986.
Positioned along US 41/Tamiami Trail in Venice, the property offers exposure to a heavily traveled commercial corridor and convenient access to Venice Island, I-75, restaurants, retail, and professional services. Parking is available at the building, and the property is designated Flood Zone X.
The space is identified as suitable for medical, wellness, therapeutic, or general professional office use, providing a practical setting for a range of office operations.
Positioned along US 41/Tamiami Trail in Venice, the property offers exposure to a heavily traveled commercial corridor and convenient access to Venice Island, I-75, restaurants, retail, and professional services. Parking is available at the building, and the property is designated Flood Zone X.
The space is identified as suitable for medical, wellness, therapeutic, or general professional office use, providing a practical setting for a range of office operations.
Key Highlights
- Approximately 1,170 square feet in a first‑floor office condo
- Private access and current occupancy by a long‑time tenant
- Solid masonry building constructed in 1986
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
$17,059
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
8.53%
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%
$341,180
$341.2K
Cap Rate 7%
$243,700
$243.7K
Cap Rate 9%
$189,544
$189.5K
Market Conditions
NOI Build-Up for 1,170 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
$25.3K $21.60/SF
− Vacancy
−$2.5K −$2.16/SF
EGI
$22.7K $19.44/SF
− OpEx
−$5.7K −$4.86/SF
NOI
$17.1K $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%
$341,180
Cap Rate 7%
$243,700
Cap Rate 9%
$189,544
Alternative Uses
Best Use
Healthcare Medical
$306.9K
$268.5K – $358.0K
NOI $21,480 @ 7.0% cap · market cap 10.75%
Second Best
Office B
$243.7K
$213.2K – $284.3K
NOI $17,059 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$332.5K
$291.0K – $388.0K
NOI $23,277 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Private-access office suite with a current long-time tenant along US 41.
Where is this office units located?
The property is located at 1515 TAMIAMI TRAIL S #2A Venice, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Approximately 1,170 square feet in a first‑floor office condo; Private access and current occupancy by a long‑time tenant; Solid masonry building constructed in 1986
