Renovated Medical Office
For Sale
$2,100,000
3003 S Tamiami Trl, Sarasota, FL 34239
Two adjacent buildings along U.S. 41 offer office layouts, parking, and access near Sarasota Memorial Hospital.
Property Size3,926 SF
Days on Market239
Property Features for 3003 S Tamiami Trl
General Information
Standard status
Active
Size
3,926 SF
Class
B
Property subtype
Multi Tenant Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,926 SF
Year Built
1949
Year Renovated
2025
Buildings
2
Listing Agency:
SVN | Commercial Advisory Group
Listed By:
Gail Bowden · License #3044621
(941) 223-1525
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 8
Last Checked: Oct 14 at 7:39PM
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 SVN | Commercial Advisory Group
Investment Insights
Based on property information with market context.
This medical office portfolio includes two adjacent buildings at 2020 Rose Street and 3003 S. Tamiami Trail in Sarasota. Both properties were renovated in 2025 with updated systems, contemporary finishes, and layouts suited to medical, professional, or general office operations. The portfolio includes the building at 3003 S Tamiami Trl, Sarasota, FL 34239, which was originally built in 1949.
The properties occupy a visible position along U.S. 41, also known as Tamiami Trail, with convenient access and parking at both sites. Sarasota Memorial Hospital is within ½ mile, while downtown Sarasota is only minutes away. The assets are situated in Sarasota’s Medical and Professional Corridor, near affluent residential communities and an established medical tenant base.
The properties occupy a visible position along U.S. 41, also known as Tamiami Trail, with convenient access and parking at both sites. Sarasota Memorial Hospital is within ½ mile, while downtown Sarasota is only minutes away. The assets are situated in Sarasota’s Medical and Professional Corridor, near affluent residential communities and an established medical tenant base.
Key Highlights
- Two‑property medical office portfolio at 2020 Rose Street and 3003 S. Tamiami Trail
- Both buildings renovated in 2025 with updated systems, finishes, and office layouts
- Suitable for medical, professional, or general office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,077
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,540
$1.4M
Cap Rate 7%
$1,029,671
$1.0M
Cap Rate 9%
$800,856
$800.9K
Market Conditions
NOI Build-Up for 3,926 SF
Gross rent
$125.8K $32.04/SF
− Vacancy
−$5.7K −$1.44/SF
EGI
$120.1K $30.60/SF
− OpEx
−$48.1K −$12.24/SF
NOI
$72.1K $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%
$1,441,540
Cap Rate 7%
$1,029,671
Cap Rate 9%
$800,856
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$901.0K – $1.20M
NOI $72,077 @ 7.0% cap · market cap 3.43%
Second Best
Office B
$817.7K
$715.5K – $954.0K
NOI $57,241 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.12M
$976.3K – $1.30M
NOI $78,106 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
Balanced
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
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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 - Two adjacent buildings along U.S. 41 offer office layouts, parking, and access near Sarasota Memorial Hospital.
Where is this medical office space located?
The property is located at 3003 S Tamiami Trl Sarasota, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑property medical office portfolio at 2020 Rose Street and 3003 S. Tamiami Trail; Both buildings renovated in 2025 with updated systems, finishes, and office layouts; Suitable for medical, professional, or general office use
