Move-In-Ready Office Condo
For Sale
$178,000
1521 Tamiami Trail S 1a, Venice, FL 34285
Office condominium within South Bridge Park featuring reception, multiple private offices, kitchenette, and private restroom.
Property Size778 SF
Price / SF$228.79
Days on Market99
Property Features for 1521 Tamiami Trail S 1a
General Information
Standard status
Active
Size
778 SF
Building Details
Year Built
1986
Listing Agency:
PETER PIKE LIC. R.E. BROKER
Listed By:
Ivan Gould, PA · License #3275540
(941) 323-9655
Source:
Whitesandsfl
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 7 at 4:36PM
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 PETER PIKE LIC. R.E. BROKER
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Investment Insights
Based on property information with market context.
Located within the established South Bridge Park office complex, this 1,198 SF office condominium suite is designed for a polished professional environment. The interior includes a welcoming reception area, multiple private offices (including two executive-sized offices), a kitchenette, a private restroom, and ample storage. Attractive wood flooring throughout and abundant natural light help support a move-in-ready feel.
The property is situated along South Tamiami Trail with convenient parking for clients and employees in a mature campus setting shaded by live oak trees. It is described as being just minutes from Historic Downtown Venice, Venice Beach, US-41, and Sarasota Memorial Hospital - Venice, supporting straightforward access to key destinations.
For ownership, this configuration offers a practical blend of shared front-end reception space and dedicated private office rooms, complemented by in-suite amenities including a kitchenette and private restroom.
The property is situated along South Tamiami Trail with convenient parking for clients and employees in a mature campus setting shaded by live oak trees. It is described as being just minutes from Historic Downtown Venice, Venice Beach, US-41, and Sarasota Memorial Hospital - Venice, supporting straightforward access to key destinations.
For ownership, this configuration offers a practical blend of shared front-end reception space and dedicated private office rooms, complemented by in-suite amenities including a kitchenette and private restroom.
Key Highlights
- 1,198 SF office condominium in the South Bridge Park office complex (built 1986)
- Floor plan includes a reception area, multiple private offices (2 executive‑sized), kitchenette, and private restroom
- Wood flooring throughout the suite and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,343
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,860
$226.9K
Cap Rate 7%
$162,043
$162.0K
Cap Rate 9%
$126,033
$126.0K
Market Conditions
NOI Build-Up for 778 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$1.7K −$2.16/SF
EGI
$15.1K $19.44/SF
− OpEx
−$3.8K −$4.86/SF
NOI
$11.3K $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%
$226,860
Cap Rate 7%
$162,043
Cap Rate 9%
$126,033
Alternative Uses
Best Use
Office B
$162.0K
$141.8K – $189.1K
NOI $11,343 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.1K
$193.5K – $258.0K
NOI $15,478 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium within South Bridge Park featuring reception, multiple private offices, kitchenette, and private restroom.
Where is this office unit located?
The property is located at 1521 Tamiami Trail S 1a Venice, FL.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: 1,198 SF office condominium in the South Bridge Park office complex (built 1986); Floor plan includes a reception area, multiple private offices (2 executive‑sized), kitchenette, and private restroom; Wood flooring throughout the suite and abundant natural light
