Two-Suite Office
197 Center Road #A, Venice, FL 34285
For Sale
Contact for pricing
One suite is tenant-occupied, while the second is available for owner occupancy beginning May 1, 2027.
Property Size2,316 SF
Price / SF$295.77
Days on Market40
Property Features for 197 Center Road #A
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Office Units
Tenant in Place
Property Use
Building Details
Tenancy
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Jag Grewal · License #FL BK699811
(042) 042-5042
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
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
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Investment Insights
Based on property information with market context.
The office condominium at 197 Center Road, Unit A, in Venice contains two suites totaling 2,316 square feet. One suite measures 1,250 square feet and is tenant-occupied; the other measures 1,066 square feet, with occupancy available to a buyer beginning May 1, 2027, following lease expiration. Roof replacements have been completed across the complex, and the property has ample parking.
The complex sits on a high-traffic corridor with access to major routes. Downtown Venice is minutes away, and Sarasota is approximately 20 minutes from the property.
The complex sits on a high-traffic corridor with access to major routes. Downtown Venice is minutes away, and Sarasota is approximately 20 minutes from the property.
Key Highlights
- Two office suites totaling 2,316 square feet
- 1,066‑square‑foot suite available for occupancy May 1, 2027, after lease expiration
- Tenant‑occupied suite measures 1,250 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,767
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,340
$675.3K
Cap Rate 7%
$482,386
$482.4K
Cap Rate 9%
$375,189
$375.2K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$50.0K $21.60/SF
− Vacancy
−$5.0K −$2.16/SF
EGI
$45.0K $19.44/SF
− OpEx
−$11.3K −$4.86/SF
NOI
$33.8K $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%
$675,340
Cap Rate 7%
$482,386
Cap Rate 9%
$375,189
Alternative Uses
Best Use
Office B
$482.4K
$422.1K – $562.8K
NOI $33,767 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.2K
$576.0K – $767.9K
NOI $46,076 @ 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
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
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
$295,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Venice, FL
Properties on Market for Office Units in Venice
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - One suite is tenant-occupied, while the second is available for owner occupancy beginning May 1, 2027.
Where is this office unit located?
The property is located at 197 Center Road #A Venice, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Two office suites totaling 2,316 square feet; 1,066‑square‑foot suite available for occupancy May 1, 2027, after lease expiration; Tenant‑occupied suite measures 1,250 square feet
