Medical Office Condo With Exam
For Sale
Contact for pricing
3417 Tamiami Trl. Unit E, Port Charlotte, FL 33952
Vacant medical suite with reception, clinical, support, and restroom areas already in place.
Property Size1,197 SF
Price / SF$292.40
Days on Market132
Property Features for 3417 Tamiami Trl. Unit E
General Information
Standard status
Active
Size
1,197 SF
Property subtype
Office
Zoning
CG - Commercial General
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Amenities
signage available
Building Details
Owner Occupied
No
Listing Agency:
Woodyard & Associates, LLC
(239) 425-6000
Listed By:
Tom Woodyard · License #FL 500709
Source:
Crexi
Added: Apr 23
Changed: Aug 31
Last Checked: Aug 31 at 6:40PM
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 Woodyard & Associates, LLC
Investment Insights
Based on property information with market context.
This vacant medical office condo contains 1,197 SF and is configured for clinical operations, with a reception area, waiting room, doctor's office, 4 exam rooms, kitchenette, lab, equipment room, and 2 bathrooms. Equipment is included in the sale, and signage is available. The property is zoned CG - Commercial General.
Located at 3417 Tamiami Trl., Unit E, the office fronts S. Tamiami Trail / US 41 just east of Harbor Blvd. in Port Charlotte, Florida. Its position along the corridor provides a prominent setting for a medical office user, while the existing layout offers a defined combination of patient-facing, examination, administrative, and support areas.
Located at 3417 Tamiami Trl., Unit E, the office fronts S. Tamiami Trail / US 41 just east of Harbor Blvd. in Port Charlotte, Florida. Its position along the corridor provides a prominent setting for a medical office user, while the existing layout offers a defined combination of patient-facing, examination, administrative, and support areas.
Key Highlights
- 1,197 SF vacant medical office condo
- 4 exam rooms plus reception and waiting areas
- Includes doctor's office, kitchenette, lab, and equipment room
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
$16,738
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
4.78%
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%
$334,760
$334.8K
Cap Rate 7%
$239,114
$239.1K
Cap Rate 9%
$185,978
$186.0K
Market Conditions
NOI Build-Up for 1,197 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
$31.2K $26.04/SF
− Vacancy
−$3.3K −$2.73/SF
EGI
$27.9K $23.31/SF
− OpEx
−$11.2K −$9.32/SF
NOI
$16.7K $13.98/SF
Area
Charlotte County, FL
Vacancy
10.50%
Lease Rate
$26.04 /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%
$334,760
Cap Rate 7%
$239,114
Cap Rate 9%
$185,978
Alternative Uses
Best Use
Healthcare Medical
$239.1K
$209.2K – $279.0K
NOI $16,738 @ 7.0% cap · market cap 4.78%
Second Best
Office B
$211.6K
$185.2K – $246.9K
NOI $14,815 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$391.9K
$342.9K – $457.3K
NOI $27,435 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33952, FL
32,084
Population
17,682
Households
1.8
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
2,917
Density / Sq Mi
$56,117
Median Household Income
$33,999
Median Earnings
$1,249
Median Rent
$224,900
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?
Medical Office Space - Vacant medical suite with reception, clinical, support, and restroom areas already in place.
Where is this medical office space located?
The property is located at 3417 Tamiami Trl. Unit E Port Charlotte, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,197 SF vacant medical office condo; 4 exam rooms plus reception and waiting areas; Includes doctor's office, kitchenette, lab, and equipment room
