Second-Floor Office
3909 E BAY DRIVE Unit 115 Holmes Beach, FL 34217
For Sale
$450,000
Second-floor office suite includes break room, desk counter work areas, and storage within a condominium building with elevator.
Property Size988 SF
Price / SF$455.47
Days on Market145
Property Features for 3909 E BAY DRIVE Unit 115
General Information
Standard status
Active
Size
988 SF
Property subtype
Office
Building Details
Year Built
1985
Listing Agency:
ISLAND REAL ESTATE-ANNA MARIA
(941) 778-6066
Listed By:
Jennifer Chatt · License #3423831
Source:
Xome
Added: Mar 6
Changed: Jul 25
Last Checked: Jul 29 at 4:29AM
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-ANNA MARIA
Investment Insights
Based on property information with market context.
This second-floor office suite is located within a commercial condominium and accessed via an elevator. The interior layout includes a break room with a galley kitchen featuring updated kitchen cabinets, along with multiple desk counter areas designed for office workstations. Additional space includes a shelving area for miscellaneous storage.
The building includes public restrooms for men and women on the second and third floors, and the suite is served by exterior parking with both a street and rear door entrance. Sign space is available, and the offering includes one parking spot under the building.
A glass door and large interior openings are part of the suite’s existing finishes, which are described as coastal with ship lap walls. The space is positioned directly off the main north-south commercial thoroughfare on Anna Maria Island.
The building includes public restrooms for men and women on the second and third floors, and the suite is served by exterior parking with both a street and rear door entrance. Sign space is available, and the offering includes one parking spot under the building.
A glass door and large interior openings are part of the suite’s existing finishes, which are described as coastal with ship lap walls. The space is positioned directly off the main north-south commercial thoroughfare on Anna Maria Island.
Key Highlights
- Second‑floor office suite in a commercial condominium; 988 SF with a break room and galley kitchen with updated cabinetry
- Central air conditioning
- Building includes an elevator and shared public restrooms for men and women on the 2nd and 3rd floors
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite includes break room, desk counter work areas, and storage within a condominium building with elevator.
Where is this office units located?
The property is located at 3909 E BAY DRIVE Unit 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: Second‑floor office suite in a commercial condominium; 988 SF with a break room and galley kitchen with updated cabinetry; Central air conditioning; Building includes an elevator and shared public restrooms for men and women on the 2nd and 3rd floors
