Move-In-Ready Office Condo
For Sale
$250,000
1521 Tamiami Trail S 3a, Venice, FL 34285
Office condominium within South Bridge Park featuring reception, multiple private offices, kitchenette, and private restroom.
Property Size1,198 SF
Price / SF$208.68
Days on Market34
Property Features for 1521 Tamiami Trail S 3a
General Information
Standard status
Active
Size
1,198 SF
Building Details
Year Built
1986
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 321-7573
Listed By:
Dan McLeroy, Jr
Source:
Whitesandsfl
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 24 at 10:15AM
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 LOYD ROBBINS & CO. LLC
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 = 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
$17,467
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
6.99%
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%
$349,340
$349.3K
Cap Rate 7%
$249,529
$249.5K
Cap Rate 9%
$194,078
$194.1K
Market Conditions
NOI Build-Up for 1,198 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
$25.9K $21.60/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$23.3K $19.44/SF
− OpEx
−$5.8K −$4.86/SF
NOI
$17.5K $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%
$349,340
Cap Rate 7%
$249,529
Cap Rate 9%
$194,078
Alternative Uses
Best Use
Office B
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.5K
$297.9K – $397.2K
NOI $23,834 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium within South Bridge Park featuring reception, multiple private offices, kitchenette, and private restroom.
Where is this office units located?
The property is located at 1521 Tamiami Trail S 3a Venice, FL.
What is the asking price?
The asking price for this property is $250,000.
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
