Move-In Ready Osprey Office
3976 DESTINATION DRIVE #A411, Osprey, FL 34229
For Sale
$1,099,000
Fully furnished office space in Baystreet Village, Osprey.
Property Size2,314 SF
Price / SF$474.94
Days on Market525
Property Features for 3976 DESTINATION DRIVE #A411
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
PREMIER PROPERTIES OF SRQ LLC
Listed By:
JOHN YILMAZ
Source:
Corcoran
Added: Jun 3, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 PREMIER PROPERTIES OF SRQ LLC
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Investment Insights
Based on property information with market context.
Located in Osprey, this office space at 3976 Destination Drive, Unit A-411, is situated within Baystreet Village, a commercial area featuring a mix of retail and office spaces. The location provides access to The Oaks, Casey Key, and Pineview School. This office space features modern finishes and furnishings. The layout is designed for efficiency. The property size is 2314 square feet. This move-in ready office space is suitable for businesses looking to expand or start fresh. The location offers connections to Sarasota and surrounding areas.
Key Highlights
- Move‑in ready: Newly built‑out and fully furnished office space.
- Prime location in Baystreet Village, Osprey's sought‑after commercial enclave.
- Proximity to The Oaks, Casey Key, and Pineview School.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,738
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,760
$674.8K
Cap Rate 7%
$481,971
$482.0K
Cap Rate 9%
$374,867
$374.9K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$50.0K $21.60/SF
− Vacancy
−$5.0K −$2.16/SF
EGI
$45.0K $19.44/SF
− OpEx
−$11.2K −$4.86/SF
NOI
$33.7K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,760
Cap Rate 7%
$481,971
Cap Rate 9%
$374,867
Alternative Uses
Best Use
Office B
$482.0K
$421.7K – $562.3K
NOI $33,738 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$657.7K
$575.5K – $767.3K
NOI $46,036 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
$635,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Sarasota County, FL
Properties on Market for Office Units in Sarasota County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Fully furnished office space in Baystreet Village, Osprey.
Where is this office unit located?
The property is located at 3976 DESTINATION DRIVE #A411 Osprey, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Move‑in ready: Newly built‑out and fully furnished office space.; Prime location in Baystreet Village, Osprey's sought‑after commercial enclave.; Proximity to The Oaks, Casey Key, and Pineview School.
