First-Floor Mixed-Use
3976 DESTINATION DR #102, Osprey, FL 34229
For Sale
$409,000
A finished professional suite offers private offices, meeting rooms, a reception area, and a kitchenette.
Property Size1,050 SF
Price / SF$389.52
Days on Market298
Property Features for 3976 DESTINATION DR #102
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
soaring ceilings
soundproofed walls
solid hardwood doors
upscale lighting
premium flooring
modern finishes
front porch
kitchenette
conference rooms
private offices
lobby
reception area
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
AYERS AND ASSOCIATES REAL ESTATE
Listed By:
Kelley Ann Ayers · License #3014468
(941) 837-2778
Source:
Wilmpropertygroup
Added: Jan 16
Changed: Nov 3
Last Checked: Nov 8 at 10:39AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,050-square-foot, first-floor commercial condominium in Bay Street Commercial Condominium was built in 2008. Its layout includes six private offices, two conference rooms, a reception lobby, two bathrooms, and a kitchenette. Sound-insulated office walls and solid hardwood doors provide separation between work areas, while upgraded lighting, flooring, and contemporary finishes carry through the space. A front porch and rear entrance connect the suite to outdoor seating space and employee parking, respectively.
The property is in Bayfront Village in Osprey. Approximately 252 multifamily apartment residences are developed behind the town center. The suite’s configuration is suited to professional services, medical, retail, or boutique office operations, as stated in the property information.
The property is in Bayfront Village in Osprey. Approximately 252 multifamily apartment residences are developed behind the town center. The suite’s configuration is suited to professional services, medical, retail, or boutique office operations, as stated in the property information.
Key Highlights
- 1,050‑square‑foot first‑floor commercial condominium
- Six private offices and two conference rooms
- Reception lobby, two bathrooms, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,703
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,060
$374.1K
Cap Rate 7%
$267,186
$267.2K
Cap Rate 9%
$207,811
$207.8K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$31.5K $30.00/SF
− Vacancy
−$1.6K −$1.50/SF
EGI
$29.9K $28.50/SF
− OpEx
−$11.2K −$10.69/SF
NOI
$18.7K $17.81/SF
Area
Sarasota County, FL
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,060
Cap Rate 7%
$267,186
Cap Rate 9%
$207,811
Alternative Uses
Best Use
Mixed Use
$267.2K
$233.8K – $311.7K
NOI $18,703 @ 7.0% cap · market cap 4.57%
Second Best
Office B
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 3.74%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
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
$635,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Sarasota County, FL
Properties on Market for Mixed-use properties in Sarasota County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished professional suite offers private offices, meeting rooms, a reception area, and a kitchenette.
Where is this mixed-use property located?
The property is located at 3976 DESTINATION DR #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: 1,050‑square‑foot first‑floor commercial condominium; Six private offices and two conference rooms; Reception lobby, two bathrooms, and kitchenette
