Move-In-Ready Office
For Sale
$250,000
1521 TAMIAMI TRAIL S #3A, Venice, FL 34285
1,198 SF office condo with reception, multiple private offices, kitchenette, private restroom, and wood flooring.
Property Size1,198 SF
Price / SF$208.68
Days on Market49
Property Features for 1521 TAMIAMI TRAIL S #3A
General Information
Standard status
Active
Size
1,198 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 957-9300
Listed By:
Dan McLeroy, Jr · License #0539421
(941) 321-7573
Source:
Dennisrealty
Added: Jul 21
Changed: Sep 6
Last Checked: Sep 6 at 8:10AM
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 is designed for professional use and offers a move-in-ready interior. The suite includes a welcoming reception area, multiple private offices with two executive-sized offices, a kitchenette, a private restroom, and ample storage. Wood flooring runs throughout, supported by abundant natural light.
The property is situated along South Tamiami Trail and benefits from convenient parking for clients and employees within a mature campus setting shaded by live oak trees. It is positioned just minutes from Historic Downtown Venice, Venice Beach, US-41, and Sarasota Memorial Hospital - Venice, supporting easy access for day-to-day operations.
This condominium layout supports a range of office users needing a reception function, several enclosed workspaces, and dedicated restroom and kitchenette amenities within a single suite.
The property is situated along South Tamiami Trail and benefits from convenient parking for clients and employees within a mature campus setting shaded by live oak trees. It is positioned just minutes from Historic Downtown Venice, Venice Beach, US-41, and Sarasota Memorial Hospital - Venice, supporting easy access for day-to-day operations.
This condominium layout supports a range of office users needing a reception function, several enclosed workspaces, and dedicated restroom and kitchenette amenities within a single suite.
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, and a kitchenette
- Features a private restroom and plenty of storage for day‑to‑day office use
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
Current Use
Lease Details
Yes
Highway access
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 - 1,198 SF office condo with reception, multiple private offices, kitchenette, private restroom, and wood flooring.
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, and a kitchenette; Features a private restroom and plenty of storage for day‑to‑day office use
