First-Floor Office
For Sale
$194,900
1515 TAMIAMI Trail S, Venice, FL 34285
Commercial Sale, VENICE, FL
Property Size1,168 SF
Lot Size4.93 Acres
Price / SF$166.87
Days on Market49
Property Features for 1515 TAMIAMI Trail S
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CSC
Subdivision
SOUTH BRIDGE PARK
Directions
From Highway 41 (Tamiami Trail), the property is located directly on South Tamiami Trail. Heading south on US 41, the building is on the east side of the road just south of Center Road. Turn into the shared driveway/entrance for 1515 S. Tamiami Trail. Suite 2 is a first-floor unit with private access and ample parking available in front of the building. From I-75: Take Exit 193 (Venice Avenue / Jacaranda Blvd) and head west toward US 41. Turn left (south) onto Tamiami Trail. The property will be approximately 2.5 miles ahead on the east side.
Standard status
Active
APN
0433031002
Size
1,168 SF
Lot size
4.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNITS 2A 2B 2C 2D 2E 2F 2G 2H 2I 2J 2K 2L 2M 2MA SOUTH BRIDGE PARK NO 1
Tax Annual Amount
1977
Legal Description
UNITS 2A 2B 2C 2D 2E 2F 2G 2H 2I 2J 2K 2L 2M 2MA SOUTH BRIDGE PARK NO 1
Utilities
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
1
Building materials
Stucco
Listing Agency:
MAPP REALTY & INVESTMENT CO
(941) 379-2448
Listed By:
Anthony Chabot · License #REB.0795000
(508) 847-0902
Added: Jul 20
Changed: Aug 28
Last Checked: Sep 6 at 5:06PM
MLS# A4700551
Copyright © 2026 Sarasota Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This first-floor office unit provides private access, central air, and stucco construction within a building completed in 1986. The suite is currently occupied by a long-term tenant and is positioned for professional office use, including medical, wellness, therapeutic, or general office applications.
The property is located at 1515 Tamiami Trail S in Venice, with exposure along the US 41 corridor and access to Venice Island, I-75, restaurants, retail, and professional services. Ample parking is available, and the property is designated Flood Zone X. The office unit is part of a 4.93-acre commercial property in Sarasota County.
The property is located at 1515 Tamiami Trail S in Venice, with exposure along the US 41 corridor and access to Venice Island, I-75, restaurants, retail, and professional services. Ample parking is available, and the property is designated Flood Zone X. The office unit is part of a 4.93-acre commercial property in Sarasota County.
Key Highlights
- First‑floor office unit with private access
- Currently occupied by a long‑term tenant
- Central air and stucco construction
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
$17,029
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
8.74%
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%
$340,580
$340.6K
Cap Rate 7%
$243,271
$243.3K
Cap Rate 9%
$189,211
$189.2K
Market Conditions
NOI Build-Up for 1,168 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
$25.2K $21.60/SF
− Vacancy
−$2.5K −$2.16/SF
EGI
$22.7K $19.44/SF
− OpEx
−$5.7K −$4.86/SF
NOI
$17.0K $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%
$340,580
Cap Rate 7%
$243,271
Cap Rate 9%
$189,211
Alternative Uses
Best Use
Healthcare Medical
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 11.00%
Second Best
Office B
$243.3K
$212.9K – $283.8K
NOI $17,029 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$332.0K
$290.5K – $387.3K
NOI $23,237 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,033
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 commercial suite with central air and an existing long-term tenant.
Where is this office units located?
The property is located at 1515 TAMIAMI Trail S Venice, FL.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: First‑floor office unit with private access; Currently occupied by a long‑term tenant; Central air and stucco construction
