Two-Building Office
For Sale
$2,800,000
2525 BOBCAT VILLAGE CENTER Road, North Port, FL 34288
Commercial Sale, NORTH PORT, FL
Property Size12,133 SF
Lot Size1.00 Acre
Price / SF$230.78
Days on Market491
Property Features for 2525 BOBCAT VILLAGE CENTER Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PCDN
Subdivision
BOBCAT VILLAGE CENTER
Directions
From I-75, take exit 179 onto Toledo Blade to traffic light, take a right onto Lexi Lane, then left onto Bobcat Center Village Road, property is on your right.
Standard status
Active
APN
0985150090
Size
12,133 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 9 BOBCAT VILLAGE CENTER
Tax Annual Amount
29066
Legal Description
LOT 9 BOBCAT VILLAGE CENTER
Utilities
Cooling system
Central Air, Zoned
Building Details
Year built
2007
Building materials
Concrete
Roof type
Metal
Listing Agency:
RE/MAX HARBOR REALTY · RE/MAX International
(941) 639-8500
Listed By:
Walt Bethel · License #253500066
(863) 990-1748
Added: Apr 25, 2025
Changed: Aug 20
Last Checked: Aug 28 at 6:06AM
MLS# C7509161
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This North Port office property comprises two Key West-style commercial buildings with a combined property size of 12,133 square feet. Building 1 contains five units, while Building 2 contains six units. The buildings were constructed in 2007 with concrete construction, metal roofs, and central air with zoned cooling. All units are currently leased, representing 100% occupancy, and the buildings are offered together rather than separately.
The property occupies 1 acre within the Bobcat Village Center in Sarasota County. It is adjacent to the Sarasota Memorial Emergency Room and directly across from a golf course community. Access to I-75 is approximately 3 miles away, while US-41 is approximately 2.5 miles away. The site includes 50 on-site parking spaces.
The property occupies 1 acre within the Bobcat Village Center in Sarasota County. It is adjacent to the Sarasota Memorial Emergency Room and directly across from a golf course community. Access to I-75 is approximately 3 miles away, while US-41 is approximately 2.5 miles away. The site includes 50 on-site parking spaces.
Key Highlights
- Two office buildings with 11 total units
- 12,133 square feet on a 1‑acre site
- 100% occupancy with all units currently leased
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
$176,899
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
6.32%
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%
$3,537,980
$3.5M
Cap Rate 7%
$2,527,129
$2.5M
Cap Rate 9%
$1,965,544
$2.0M
Market Conditions
NOI Build-Up for 12,133 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
$262.1K $21.60/SF
− Vacancy
−$26.2K −$2.16/SF
EGI
$235.9K $19.44/SF
− OpEx
−$59.0K −$4.86/SF
NOI
$176.9K $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%
$3,537,980
Cap Rate 7%
$2,527,129
Cap Rate 9%
$1,965,544
Alternative Uses
Best Use
Office B
$2.53M
$2.21M – $2.95M
NOI $176,899 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,381 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully leased commercial offices with on-site parking and flexible PCDN zoning.
Where is this office building located?
The property is located at 2525 BOBCAT VILLAGE CENTER Road 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 with 11 total units; 12,133 square feet on a 1‑acre site; 100% occupancy with all units currently leased
