195 Center Road, Venice, FL 34285

Listing Agency: Ian Black Real Estate LLC

Listed By: Jag Grewal · License #FL BK699811 Show Phone

Source: Crexi

Added: Oct 1 Changed: Nov 8 Last Checked: Nov 8 at 3:13PM

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Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This office condominium includes a vacant 1,450-square-foot suite configured with a reception and waiting area, five private offices, and a conference room. A separate 3,000-square-foot suite is leased to a medical and home health provider, creating a two-suite arrangement within the property.

The property is on a high-traffic corridor and has abundant parking. The leased suite may remain occupied or could be incorporated into a larger business footprint after its lease expires.

Key Highlights

• Vacant 1,450 SF suite with reception and waiting area, five private offices, and a conference room
• Separate 3,000 SF suite leased to a medical and home health provider
• On a high‑traffic corridor with abundant parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,558

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,331,160 $1.3M

Cap Rate 7%

$950,829 $950.8K

Cap Rate 9%

$739,533 $739.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,565 SF

Gross rent

$98.6K $21.60/SF

− Vacancy

−$9.9K −$2.16/SF

EGI

$88.7K $19.44/SF

− OpEx

−$22.2K −$4.86/SF

NOI

$66.6K $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%

$1,331,160

Cap Rate 7%

$950,829

Cap Rate 9%

$739,533

Alternative Uses

Best Use

Office B

$950.8K

$832.0K – $1.11M (±1% cap)

NOI $66,558 @ 7.0% cap · market cap 4.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,819 @ 7.0% cap · market cap 6.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Melinda B. Hart ... Physician Infinity HomeCare Home Health Care Service Dr. Nicholas Champion Physician Negar Venice Healthpark ... Physician Adam Riker Physician

Suggested Use

Top Pick Barber Shop Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Location Intelligence

Trade Area within ½ mile

905

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

Average Price Trend$/SF for Office Units in Venice, FL

$233 Jul

$226 Aug

$228 Sep

$211 Oct

Properties on Market for Office Units in Venice

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - A vacant office suite includes private offices, a reception area, and a conference room.

Where is this office unit located?

The property is located at 195 Center Road Venice, FL.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Vacant 1,450 SF suite with reception and waiting area, five private offices, and a conference room; Separate 3,000 SF suite leased to a medical and home health provider; On a high‑traffic corridor with abundant parking