Medical Office
New
For Sale
$784,000
1961 Floyd St Ste B, Sarasota, FL 34239
OPB zoning supports office-oriented uses, including healthcare-related services.
Property Size1,568 SF
Price / SF$500
Days on Market1
Property Features for 1961 Floyd St Ste B
General Information
Standard status
Active
Size
1,568 SF
Class
C
Property subtype
Office
Zoning
OPB
Additional Details
Asking Price
$784,000
Building Details
Building Size
1,568 SF
Year Built
1984
Listing Agency:
Michael Saunders & Company
Listed By:
Lee DeLieto Jr. · License #FL #BK702292
(941) 323-0060
Source:
Tcnworldwide
Added: Oct 7
Last Checked: Oct 7 at 2:25PM
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 Michael Saunders & Company
Investment Insights
Based on property information with market context.
This 1,568-square-foot medical office condominium was built in 1984. Its OPB zoning is intended for office-oriented uses, and the stated use options include medical, dental, behavioral health, wellness, administrative, and other professional offices.
The suite at 1961 Floyd St, Suite B, is directly across from Sarasota Memorial Hospital. Condominium ownership is the property's ownership structure.
The suite at 1961 Floyd St, Suite B, is directly across from Sarasota Memorial Hospital. Condominium ownership is the property's ownership structure.
Key Highlights
- 1,568‑square‑foot medical office condominium
- Directly across from Sarasota Memorial Hospital
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,787
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,740
$575.7K
Cap Rate 7%
$411,243
$411.2K
Cap Rate 9%
$319,856
$319.9K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$50.2K $32.04/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$48.0K $30.60/SF
− OpEx
−$19.2K −$12.24/SF
NOI
$28.8K $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 Rate 5%
$575,740
Cap Rate 7%
$411,243
Cap Rate 9%
$319,856
Alternative Uses
Best Use
Healthcare Medical
$411.2K
$359.8K – $479.8K
NOI $28,787 @ 7.0% cap · market cap 3.67%
Second Best
Office B
$326.6K
$285.8K – $381.0K
NOI $22,861 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$445.6K
$389.9K – $519.9K
NOI $31,195 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,164
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - OPB zoning supports office-oriented uses, including healthcare-related services.
Where is this medical office space located?
The property is located at 1961 Floyd St Ste B Sarasota, FL.
What is the asking price?
The asking price for this property is $784,000.
What are key features of this property?
This property features: 1,568‑square‑foot medical office condominium; Directly across from Sarasota Memorial Hospital; Built in 1984
