2820 Pan American Blvd, North Port, FL 34287
For Sale
New
$1,200,000
Turnkey Healthcare or Communal Living Facility | 2.36 Acres | North Port, FL
Property Size4,288 SF
Lot Size2.36 Acres
Price / SF$279.85
Days on Market2
Property Features for 2820 Pan American Blvd
General Information
Standard status
Property type
Size
Class
Elevators
Lot size
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listed By:
Shevaun Gandy
(305) 244-2398
Added: Nov 11
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Investment Insights
Based on property information with market context.
Key Highlights
- Newer roof, generator and sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,723
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,460
$1.6M
Cap Rate 7%
$1,124,614
$1.1M
Cap Rate 9%
$874,700
$874.7K
Market Conditions
NOI Build-Up for 4,288 SF
Gross rent
$137.4K $32.04/SF
− Vacancy
−$6.2K −$1.44/SF
EGI
$131.2K $30.60/SF
− OpEx
−$52.5K −$12.24/SF
NOI
$78.7K $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 Rate 5%
$1,574,460
Cap Rate 7%
$1,124,614
Cap Rate 9%
$874,700
Alternative Uses
Best Use
Healthcare Medical
$1.12M
$984.0K – $1.31M
NOI $78,723 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$557.9K
$488.1K – $650.9K
NOI $39,051 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,308 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Healthcare property - Turnkey Healthcare or Communal Living Facility | 2.36 Acres | North Port, FL
Where is this healthcare property located?
The property is located at 2820 Pan American Blvd North Port, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Newer roof, generator and sprinkler system
