Retail Storefront
For Sale
$409,000
3976 DESTINATION 102, Osprey, FL 34229
For sale retail storefront suite in Building 102, suited for businesses seeking a dedicated street-facing retail presence.
Property Size1,050 SF
Price / SF$389.52
Days on Market140
Property Features for 3976 DESTINATION 102
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,585
Building Details
Building Size
1,050 SF
Year Built
2008
Listing Agency:
AYERS AND ASSOCIATES REAL ESTATE
Listed By:
Kelley Ann Ayers · License #3014468
(941) 544-7802
Source:
Elliman
Added: Jun 2
Changed: Oct 17
Last Checked: Oct 19 at 8:04AM
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 AYERS AND ASSOCIATES REAL ESTATE
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Investment Insights
Based on property information with market context.
This listing offers a retail storefront suite located in Building 102. The available space totals approximately 1,050 square feet, providing a dedicated option for retailers and service users looking for a manageable footprint. As a storefront configuration within a retail-oriented property, it supports straightforward customer access and brand-ready presentation.
The property is in Sarasota County, with directions provided from Tamiami Trl S: make a u-turn at Maxes Table, take a right, and Building 102 is on the left-hand side. The location and entry route are designed to guide visitors directly to the building, which can be helpful for tenant visibility and ease of wayfinding.
With its retail storefront character and defined suite space, this offering may be a practical fit for a wide range of tenant types, including neighborhood retail, specialty services, or a small-format showroom. Buyers and operators can use the size to plan an efficient layout for sales and customer interaction, while benefiting from the convenience of being positioned within an established retail setting. If you’re evaluating available retail spaces, this suite is worth a look for its balance of dedicated frontage and a size point that can work for many local concepts.
The property is in Sarasota County, with directions provided from Tamiami Trl S: make a u-turn at Maxes Table, take a right, and Building 102 is on the left-hand side. The location and entry route are designed to guide visitors directly to the building, which can be helpful for tenant visibility and ease of wayfinding.
With its retail storefront character and defined suite space, this offering may be a practical fit for a wide range of tenant types, including neighborhood retail, specialty services, or a small-format showroom. Buyers and operators can use the size to plan an efficient layout for sales and customer interaction, while benefiting from the convenience of being positioned within an established retail setting. If you’re evaluating available retail spaces, this suite is worth a look for its balance of dedicated frontage and a size point that can work for many local concepts.
Key Highlights
- Retail storefront suite in Building 102
- Building completed in 2008
- Central air conditioning and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,405
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,100
$328.1K
Cap Rate 7%
$234,357
$234.4K
Cap Rate 9%
$182,278
$182.3K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$25.2K $24.00/SF
− Vacancy
−$1.8K −$1.68/SF
EGI
$23.4K $22.32/SF
− OpEx
−$7.0K −$6.70/SF
NOI
$16.4K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,100
Cap Rate 7%
$234,357
Cap Rate 9%
$182,278
Alternative Uses
Best Use
Retail
$234.4K
$205.1K – $273.4K
NOI $16,405 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.4K
$261.1K – $348.2K
NOI $20,889 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34229, FL
7,780
Population
4,662
Households
1.7
Avg Household Size
63
Median Age
58%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
1,297
Density / Sq Mi
$93,949
Median Household Income
$56,047
Median Earnings
$2,008
Median Rent
$635,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront suite in Building 102, suited for businesses seeking a dedicated street-facing retail presence.
Where is this storefront property located?
The property is located at 3976 DESTINATION 102 Osprey, FL.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Retail storefront suite in Building 102; Building completed in 2008; Central air conditioning and central heating
