Second-Floor Office Condo in Commercial
For Sale
$450,000
3909 E BAY Drive, Holmes Beach, FL 34217
SINGLE_FAMILY - HOLMES BEACH, FL
Property Size988 SF
Lot Size0.53 Acres
Price / SF$455.47
Days on Market147
Property Features for 3909 E BAY Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
CL
Lot features
City Limits
Directions
Travel West on State Route 64, turn South on East Bay drive, turn left into the long driveway for Anna Maria Square Condominium.
Subdivision
34217 - Holmes Beach/Bradenton Beach
Standard status
Active
APN
7400500307
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
unit 4 anna maria square condo PI #74005.0030-7 - (For reference also known as suite 115)
Tax Annual Amount
2998
Legal Description
unit 4 anna maria square condo PI #74005.0030-7 - (For reference also known as suite 115)
Utilities
Cooling system
Central Air
Amenities
public restroom
sign space
Building Details
Year built
1985
Building materials
Block
Listing Agency:
ISLAND REAL ESTATE-ANNA MARIA
(941) 778-6066
Listed By:
Jennifer Chatt · License #3423831
(941) 465-0045
Added: Mar 8
Changed: Jul 31
Last Checked: Aug 2 at 1:06AM
MLS# A4685342
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Second-floor office space is available within a commercial condominium building constructed with block and built in 1985. The unit is approximately 988 square feet and includes a break room with a galley kitchen with updated kitchen cabinets. The layout also features three areas with desk counters suitable for multiple office stations, plus a separate room with shelving for miscellaneous storage. The office is equipped with central air and includes interior finishes described as coastal styling with ship lap walls, along with large glass doors.
The building provides elevator service and a public restroom for men and women on the second and third floors. The offering includes one parking spot under the building, with additional exterior parking and entrances described as accessible from both a street and the back door. The unit is positioned directly off the main north-south commercial thoroughfare on Anna Maria Island, and the surrounding retail includes Publix, CVS, and Walgreens.
Zoning is listed as CL, and the property sits on a 0.53-acre lot.
The building provides elevator service and a public restroom for men and women on the second and third floors. The offering includes one parking spot under the building, with additional exterior parking and entrances described as accessible from both a street and the back door. The unit is positioned directly off the main north-south commercial thoroughfare on Anna Maria Island, and the surrounding retail includes Publix, CVS, and Walgreens.
Zoning is listed as CL, and the property sits on a 0.53-acre lot.
Key Highlights
- Second‑floor office unit in a commercial condominium building with elevator access
- Approximately 988 SF office layout with break room and galley kitchen with updated cabinets
- Central air cooling
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.8k | $23.04 |
| − Vacancy | −$1.3k | −$1.27 |
| EGI | $21.5k | $21.77 |
| − OpEx | −$5.4k | −$5.44 |
| NOI | $16.1k | $16.33 |
988 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
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
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office unit in a commercial condominium with elevator access, central air, and on-site parking under and around the building.
Where is this office units located?
The property is located at 3909 E BAY Drive 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: Second‑floor office unit in a commercial condominium building with elevator access; Approximately 988 SF office layout with break room and galley kitchen with updated cabinets; Central air cooling
