First-Floor Medical Office
For Sale
$189,900
2a-1515 Tamiami Trl S, Venice, FL 34285
Well-maintained first-floor suite with private access and approximately 1,170 SF, in a masonry office building on US 41.
Property Size1,168 SF
Price / SF$162.59
Days on Market56
Property Features for 2a-1515 Tamiami Trl S
General Information
Standard status
Active
Size
1,168 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,977
Building Details
Year Built
1986
Construction
masonry
Listing Agency:
MAPP REALTY & INVESTMENT CO
(941) 379-2448
Listed By:
Anthony Chabot · License #REB.0795000
(508) 847-0902
Source:
Exprealty
Added: Jul 20
Changed: Sep 12
Last Checked: Sep 12 at 1:16PM
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 MAPP REALTY & INVESTMENT CO
Investment Insights
Based on property information with market context.
This well-maintained first-floor office condominium offers approximately 1,170 square feet and is accessed privately. The property is located in a solid masonry office building built in 1986 and is currently occupied by a long-term tenant.
The suite provides visibility and high traffic exposure along US 41/Tamiami Trail. The building is situated in Flood Zone X, and the location offers convenient access to Venice Island, I-75, restaurants, retail, and professional services, along with ample parking.
The space is described as well suited for medical, wellness, therapeutic, or general professional office use, making it attractive for either an owner-user or an investor seeking a stabilized, turnkey professional office suite in the Venice commercial corridor.
The suite provides visibility and high traffic exposure along US 41/Tamiami Trail. The building is situated in Flood Zone X, and the location offers convenient access to Venice Island, I-75, restaurants, retail, and professional services, along with ample parking.
The space is described as well suited for medical, wellness, therapeutic, or general professional office use, making it attractive for either an owner-user or an investor seeking a stabilized, turnkey professional office suite in the Venice commercial corridor.
Key Highlights
- Well‑maintained first‑floor professional office condo (Suite 2) with private access in Venice, FL
- Approximately 1,170 SF office suite in a building built in 1986 with solid masonry construction
- Currently occupied by a long‑time tenant
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
$17,029
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
8.97%
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%
$340,580
$340.6K
Cap Rate 7%
$243,271
$243.3K
Cap Rate 9%
$189,211
$189.2K
Market Conditions
NOI Build-Up for 1,168 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
$25.2K $21.60/SF
− Vacancy
−$2.5K −$2.16/SF
EGI
$22.7K $19.44/SF
− OpEx
−$5.7K −$4.86/SF
NOI
$17.0K $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%
$340,580
Cap Rate 7%
$243,271
Cap Rate 9%
$189,211
Alternative Uses
Best Use
Healthcare Medical
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 11.29%
Second Best
Office B
$243.3K
$212.9K – $283.8K
NOI $17,029 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$332.0K
$290.5K – $387.3K
NOI $23,237 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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 - Well-maintained first-floor suite with private access and approximately 1,170 SF, in a masonry office building on US 41.
Where is this office units located?
The property is located at 2a-1515 Tamiami Trl S Venice, FL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Well‑maintained first‑floor professional office condo (Suite 2) with private access in Venice, FL; Approximately 1,170 SF office suite in a building built in 1986 with solid masonry construction; Currently occupied by a long‑time tenant
