Holmes Beach Office Space
For Sale
$450,000
3909 E BAY Dr 115, Holmes Beach, FL 34217
Rare office space in the heart of Holmes Beach.
Property Size988 SF
Lot Size0.53 Acres
Price / SF$455.47
Days on Market153
Property Features for 3909 E BAY Dr 115
General Information
Standard status
Active
Size
988 SF
Lot size
0.53 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,998
Building Details
Building Size
988 SF
Year Built
1985
Listing Agency:
Island Real Estate of Anna Maria Island, Inc
(941) 465-0045
Listed By:
Jennifer Chatt · License #3423831
(941) 465-0045
Source:
Elliman
Added: Mar 24
Changed: Aug 14
Last Checked: Aug 23 at 9:58AM
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 Island Real Estate of Anna Maria Island, Inc
Investment Insights
Based on property information with market context.
Office space is available within a commercial condominium located in Holmes Beach on Anna Maria Island. The building features an elevator and public restrooms for men and women on the second and third floors. Sign space is available, along with one parking spot under the building and additional exterior parking. The building houses a mix of financial planning, medical offices, and construction businesses. The 988-square-foot space includes a break room with an updated galley kitchen. The layout features three areas with desk counters to accommodate multiple office spaces, as well as a room with shelving for storage. The interior has a coastal design with ship lap walls and large doors with glass. The space is suitable for a small to medium-sized professional office. Situated directly off the main commercial thoroughfare running north and south on Anna Maria Island, the location is near Publix, CVS, Walgreens, and the largest shopping area on Anna Maria Island. This location is suitable to service residents and visitors of Anna Maria Island. Owner financing will be considered.
Key Highlights
- Prime location in the heart of Holmes Beach, Anna Maria Island, directly off the main commercial thoroughfare and near Publix, CVS, Walgreens, and the island's largest shopping area.
- Rare office space in a well‑established commercial building with diverse occupants (financial planning, medical, construction).
- Equipped with elevator, public restrooms, sign space, and one covered parking spot.
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
$16,134
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
3.59%
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%
$322,680
$322.7K
Cap Rate 7%
$230,486
$230.5K
Cap Rate 9%
$179,267
$179.3K
Market Conditions
NOI Build-Up for 988 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
$22.8K $23.04/SF
− Vacancy
−$1.3K −$1.27/SF
EGI
$21.5K $21.77/SF
− OpEx
−$5.4K −$5.44/SF
NOI
$16.1K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /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%
$322,680
Cap Rate 7%
$230,486
Cap Rate 9%
$179,267
Alternative Uses
Best Use
Office B
$230.5K
$201.7K – $268.9K
NOI $16,134 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.5K
$254.2K – $339.0K
NOI $20,338 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 34217, FL
3,825
Population
5,940
Households
0.6
Avg Household Size
65
Median Age
61%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
1,821
Density / Sq Mi
$90,278
Median Household Income
$44,044
Median Earnings
$1,657
Median Rent
$636,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Rare office space in the heart of Holmes Beach.
Where is this office units located?
The property is located at 3909 E BAY Dr 115 Holmes Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location in the heart of Holmes Beach, Anna Maria Island, directly off the main commercial thoroughfare and near Publix, CVS, Walgreens, and the island's largest shopping area.; Rare office space in a well‑established commercial building with diverse occupants (financial planning, medical, construction).; Equipped with elevator, public restrooms, sign space, and one covered parking spot.
