Second-Floor Office
For Sale
$178,000
1a-1521 Tamiami Trl S, Venice, FL 34285
Configured workspace includes private access, vertical transportation, and a practical mix of offices and shared areas.
Property Size778 SF
Price / SF$228.79
Days on Market57
Property Features for 1a-1521 Tamiami Trl S
General Information
Standard status
Active
Size
778 SF
Elevators
Yes
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$1,373
Listing Agency:
PETER PIKE LIC. R.E. BROKER
(941) 312-2580
Listed By:
Ivan Gould, PA · License #3275540
(941) 323-9655
Source:
Exprealty
Added: Aug 18
Changed: Oct 2
Last Checked: Oct 12 at 11:01PM
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 PETER PIKE LIC. R.E. BROKER
Investment Insights
Based on property information with market context.
This second-floor office unit is arranged with three private offices, a conference room, a reception area, a kitchen or break room, and a bathroom with shower. The suite has its own entrance and elevator access, supporting a distinct arrival experience for occupants and visitors.
Additional first-floor office space measuring 2,334 square feet may be combined with the unit and is offered separately. The property is located at 1A-1521 Tamiami Trail South in Venice, Florida.
Additional first-floor office space measuring 2,334 square feet may be combined with the unit and is offered separately. The property is located at 1A-1521 Tamiami Trail South in Venice, Florida.
Key Highlights
- Three private offices plus a conference room
- Private entrance and elevator access to the second floor
- Reception area, kitchen or break room, and bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,343
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,860
$226.9K
Cap Rate 7%
$162,043
$162.0K
Cap Rate 9%
$126,033
$126.0K
Market Conditions
NOI Build-Up for 778 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$1.7K −$2.16/SF
EGI
$15.1K $19.44/SF
− OpEx
−$3.8K −$4.86/SF
NOI
$11.3K $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%
$226,860
Cap Rate 7%
$162,043
Cap Rate 9%
$126,033
Alternative Uses
Best Use
Office B
$162.0K
$141.8K – $189.1K
NOI $11,343 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.1K
$193.5K – $258.0K
NOI $15,478 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
387
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
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 - Configured workspace includes private access, vertical transportation, and a practical mix of offices and shared areas.
Where is this office units located?
The property is located at 1a-1521 Tamiami Trl S Venice, FL.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Three private offices plus a conference room; Private entrance and elevator access to the second floor; Reception area, kitchen or break room, and bathroom with shower
