Venice Office Condo on
For Sale
$399,000
1872 TAMIAMI TRAIL, Venice, FL 34293
Professional office condominium with high visibility on Tamiami Trail.
Property Size1,147 SF
Price / SF$347.86
Days on Market245
Property Features for 1872 TAMIAMI TRAIL
General Information
Standard status
Active
Size
1,147 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,222
Amenities
Central Air
3
US Highway, Paved Road.
Building Details
Year Built
1980
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 957-9300
Listed By:
Ali Marks · License #3560076
Source:
Xome
Added: Dec 27, 2025
Changed: Aug 25
Last Checked: Aug 29 at 7:41AM
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.
This professional end unit office condominium is situated on Tamiami Trail in Venice, benefiting from exposure to over 45,500 vehicles daily. The suite, suitable for general office use, features a storefront entrance leading to a reception/waiting room and an administrative office. It includes 5 private offices or treatment rooms, 2 private restrooms, and ample storage space. Previously used as a medical office, each treatment room is equipped with cabinetry, counters, and sinks. The property's location on S. Tamiami Trail (US-41) provides excellent visibility and convenient access to I-75, Center Road, and Downtown Venice. The surrounding area comprises professional offices, medical facilities, retail services, and residential neighborhoods, contributing to strong daily traffic and sustained demand for office users.
Key Highlights
- High‑visibility location on Tamiami Trail (US‑41) with exposure to over 45,500 vehicles per day.
- End unit office condominium suitable for general or medical office use.
- Features a storefront entrance, reception/waiting room, administrative office, 5 private offices/treatment rooms, and 2 private restrooms.
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
$21,058
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
5.28%
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%
$421,160
$421.2K
Cap Rate 7%
$300,829
$300.8K
Cap Rate 9%
$233,978
$234.0K
Market Conditions
NOI Build-Up for 1,147 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
$36.7K $32.04/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$35.1K $30.60/SF
− OpEx
−$14.0K −$12.24/SF
NOI
$21.1K $18.36/SF
Area
Sarasota County, FL
Vacancy
4.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
40.00%
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%
$421,160
Cap Rate 7%
$300,829
Cap Rate 9%
$233,978
Alternative Uses
Best Use
Healthcare Medical
$300.8K
$263.2K – $351.0K
NOI $21,058 @ 7.0% cap · market cap 5.28%
Second Best
Office B
$238.9K
$209.0K – $278.7K
NOI $16,723 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$326.0K
$285.2K – $380.3K
NOI $22,819 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 34293, FL
44,935
Population
28,344
Households
1.6
Avg Household Size
63
Median Age
38%
College-Educated
95%
High-School Grad
32.6 sq mi
ZIP Area
1,378
Density / Sq Mi
$87,543
Median Household Income
$40,427
Median Earnings
$1,831
Median Rent
$368,100
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 - Professional office condominium with high visibility on Tamiami Trail.
Where is this office units located?
The property is located at 1872 TAMIAMI TRAIL Venice, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: High‑visibility location on Tamiami Trail (US‑41) with exposure to over 45,500 vehicles per day.; End unit office condominium suitable for general or medical office use.; Features a storefront entrance, reception/waiting room, administrative office, 5 private offices/treatment rooms, and 2 private restrooms.
