Medical Office Space
1800 S Tuttle Ave Sarasota, FL 34239
1800 S Tuttle Ave, Sarasota, FL, 34239
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For Sale
Contact for pricing
2,444 SF medical office space for sale or lease.
Property Size2,444 SF
Price / SF$306.46
Days on Market605
Property Features for 1800 S Tuttle Ave
General Information
- Standard status
- Active
- Size
- 2,444 SF
- Property subtype
- Office
Listing Agency
Ian Black Real Estate LLC
(941) 926-1141
Listed by
Brie Tulp · License #FL SL3493495
Source
Crexi
Added: Nov 19, 2024 Checked: Jul 16 at 10:42 am
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 Ian Black Real Estate LLC
Investment Insights
Based on property information with market context.
This 2,444 square foot space is available for sale or lease immediately. The property features a natural separation into two suites. Suite 1800, comprising 1,222 square feet, formerly operated as a physical therapy and cryotherapy office. It includes a large, open reception area, four private treatment rooms, a private office with a restroom, and a kitchen break area. Suite 1810, also 1,222 square feet, was previously a physical therapy office. It offers a large, open reception area, three former private treatment rooms, a kitchen and break room, a private office, and a bathroom. Estimated expenses are $13.66 per square foot.
Key Highlights
- 2,444 SF available for sale or lease ASAP.
- Natural separation into two 1,222 SF suites.
- Suite 1800: Includes reception area, 4 treatment rooms, office with restroom, and kitchen.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.3k | $23.04 |
| − Vacancy | −$3.1k | −$1.27 |
| EGI | $53.2k | $21.77 |
| − OpEx | −$13.3k | −$5.44 |
| NOI | $39.9k | $16.33 |
2,444 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$570.1K
$498.9K – $665.2K
NOI $39,910 @ 7.0% cap · market cap 5.33%
Second Best
Healthcare Medical
$539.0K
$471.7K – $628.9K
NOI $37,732 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$718.7K
$628.9K – $838.5K
NOI $50,309 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Theresa F. Binder, ...
Physician
A Healthy Approach
Medical Clinic
CryoXL
Alternative Medicine Practice
CryoXL Sarasota
Gym & Fitness Center
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- Dr. Nina's Animal Hospital Sarasota — 2959 Fruitville Rd, Sarasota, FL 34237
- Dr Nina's animal hospital — 202 N Rhodes Ave, Sarasota, FL 34237
- Sarasota Veterinary Services — 1090 N Tuttle Ave, Sarasota, FL 34237
FAQs
What type of property is this?
Medical Office Space - 2,444 SF medical office space for sale or lease.
Where is this medical office space located?
The property is located at 1800 S Tuttle Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,444 SF available for sale or lease ASAP.; Natural separation into two 1,222 SF suites.; Suite 1800: Includes reception area, 4 treatment rooms, office with restroom, and kitchen.
