Retail Storefront
For Sale
$419,000
3976 DESTINATION DRIVE 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$399.05
Days on Market206
Property Features for 3976 DESTINATION DRIVE 102
General Information
Standard status
Active
Size
1,050 SF
Zoning
CG
Taxes and HOA fees
Annual Taxes
$4,585
Amenities
Bathrooms, Common Lighting, Elevator, Kitchen Facility
Curbs, Sidewalks
Accessible Entrance, Accessible Approach with Ramp, Accessible Doors, Visitor Bathroom, Accessible Hallway(s), Accessible Kitchen
Central Air
Central
Refrigerator
Elevator
Water
Building Details
Building Size
1,050 SF
Year Built
2008
Stories
1
Listing Agency:
AYERS AND ASSOCIATES REAL ESTATE
(941) 544-7802
Listed By:
Kelley Ann Ayers · License #3014468
(941) 544-7802
Source:
Evrealestate
Added: Jan 16
Changed: Aug 8
Last Checked: Jul 16 at 6:17AM
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
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 = 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
$16,405
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
3.92%
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%
$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
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
$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 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%
$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 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.4K
$261.1K – $348.2K
NOI $20,889 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 81%
Shops & Services 19%
Walmart
Superstores
80,599 visits/mo
0.2 miles
Murphy USA
Shops & Services
11,555 visits/mo
0.0 miles
BP
Shops & Services
7,450 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
412 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 DRIVE 102 Osprey, FL.
What is the asking price?
The asking price for this property is $419,000.
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
