Two-Building Office
For Sale
$2,800,000
2525 BOBCAT VILLAGE CENTER RD, North Port, FL 34288
Fully leased office complex with flexible PCD zoning and on-site parking.
Property Size12,133 SF
Price / SF$231.40
Days on Market508
Property Features for 2525 BOBCAT VILLAGE CENTER RD
General Information
Standard status
Active
Size
12,133 SF
Total Parking Spaces
50
Property subtype
Office
Zoning
PCD
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
11
Taxes and HOA fees
Annual Taxes
$29,066
Building Details
Building Size
12,133 SF
Year Built
2007
Buildings
2
Construction
Key West-style
Tenancy
Multi
Listing Agency:
RE/MAX HARBOR REALTY
Listed By:
Walt Bethel · License #253500066
(863) 990-1748
Source:
Nixandassociates
Added: Apr 25, 2025
Changed: Sep 13
Last Checked: Sep 13 at 3:09PM
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 RE/MAX HARBOR REALTY
Investment Insights
Based on property information with market context.
This office property comprises two buildings totaling approximately 12,100 heated square feet. The first building contains five units across approximately 5,800 square feet, while the second offers six units totaling approximately 6,200 square feet. All 11 units are leased, providing 100% occupancy, and the buildings are offered together rather than separately. The site includes 50 on-site parking spaces and carries PCD (Planned Community Development) zoning, which supports medical, office, daycare, and other uses identified under the designation.
The property is located within Bobcat Village Center in Sarasota County, directly across from a golf course community and adjacent to the Sarasota Memorial Emergency Room. Access to I-75 is approximately 3 miles away, with US-41 approximately 2.5 miles from the site.
The property is located within Bobcat Village Center in Sarasota County, directly across from a golf course community and adjacent to the Sarasota Memorial Emergency Room. Access to I-75 is approximately 3 miles away, with US-41 approximately 2.5 miles from the site.
Key Highlights
- Two office buildings totaling approximately 12,100 heated square feet
- Building #1 includes five units and approximately 5,800 sq/ft
- Building #2 includes six units and approximately 6,200 sq/ft
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
$176,418
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
6.30%
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%
$3,528,360
$3.5M
Cap Rate 7%
$2,520,257
$2.5M
Cap Rate 9%
$1,960,200
$2.0M
Market Conditions
NOI Build-Up for 12,100 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
$261.4K $21.60/SF
− Vacancy
−$26.1K −$2.16/SF
EGI
$235.2K $19.44/SF
− OpEx
−$58.8K −$4.86/SF
NOI
$176.4K $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 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%
$3,528,360
Cap Rate 7%
$2,520,257
Cap Rate 9%
$1,960,200
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,418 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,724 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 34288, FL
14,010
Population
6,171
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
93%
High-School Grad
19.3 sq mi
ZIP Area
726
Density / Sq Mi
$78,750
Median Household Income
$38,665
Median Earnings
$1,951
Median Rent
$333,400
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?
Office building - Fully leased office complex with flexible PCD zoning and on-site parking.
Where is this office building located?
The property is located at 2525 BOBCAT VILLAGE CENTER RD North Port, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Two office buildings totaling approximately 12,100 heated square feet; Building #1 includes five units and approximately 5,800 sq/ft; Building #2 includes six units and approximately 6,200 sq/ft
