Medical Office
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For Sale
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2650 Bahia Vista Street Suite 310, Sarasota, FL 34239
Six private rooms, a reception and waiting area, a kitchenette, and two restrooms support a flexible professional layout.
Property Size1,032 SF
Price / SF$300.39
Days on Market5
Property Features for 2650 Bahia Vista Street Suite 310
General Information
Standard status
Active
Size
1,032 SF
Property subtype
Office
Amenities
lushly landscaped interior courtyard
Listing Agency:
Core Commercial Group
Listed By:
Diane Lawson · License #FL BK581055
(941) 387-1200
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:13PM
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 Core Commercial Group
Investment Insights
Based on property information with market context.
Suite 310 contains approximately 1,032 square feet arranged with a reception and waiting area, six private offices or treatment rooms, a kitchenette, and two restrooms. The configuration serves medical and professional office functions. The property is part of a complex with an interior landscaped courtyard and surface parking for staff and visitors.
The suite is on Bahia Vista Street in Sarasota, near Sarasota Memorial Hospital and downtown Sarasota.
The suite is on Bahia Vista Street in Sarasota, near Sarasota Memorial Hospital and downtown Sarasota.
Key Highlights
- Approximately 1,032 SF of medical office space
- Six private offices or treatment rooms
- Reception and waiting area, kitchenette, and two restrooms
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
$18,946
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
6.11%
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%
$378,920
$378.9K
Cap Rate 7%
$270,657
$270.7K
Cap Rate 9%
$210,511
$210.5K
Market Conditions
NOI Build-Up for 1,032 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
$33.1K $32.04/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$31.6K $30.60/SF
− OpEx
−$12.6K −$12.24/SF
NOI
$18.9K $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 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%
$378,920
Cap Rate 7%
$270,657
Cap Rate 9%
$210,511
Alternative Uses
Best Use
Healthcare Medical
$270.7K
$236.8K – $315.8K
NOI $18,946 @ 7.0% cap · market cap 6.11%
Second Best
Office B
$215.0K
$188.1K – $250.8K
NOI $15,047 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$293.3K
$256.6K – $342.2K
NOI $20,531 @ 7.0% cap · market cap 6.62%
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
997
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 - Six private rooms, a reception and waiting area, a kitchenette, and two restrooms support a flexible professional layout.
Where is this medical office space located?
The property is located at 2650 Bahia Vista Street Suite 310 Sarasota, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Approximately 1,032 SF of medical office space; Six private offices or treatment rooms; Reception and waiting area, kitchenette, and two restrooms
