Move-In Ready Office
For Sale
$850,000
3983 Destination Drive Units 204 & 205, Osprey, FL 34229
Move-in ready office suite with reception, conference room, multiple private offices, and breakroom.
Property Size16,405 SF
Price / SF$352.70
Days on Market174
Property Features for 3983 Destination Drive Units 204 & 205
General Information
Standard status
Active
Size
16,405 SF
Class
A
Property subtype
Multi Tenant Office
Building Details
Building Size
16,405 SF
Year Built
2008
Listing Agency:
Ian Black Real Estate
Listed By:
Jag Grewal · License #BK699811
(042) 042-5042
Source:
Thebrokerlist
Added: May 8
Changed: Oct 25
Last Checked: Oct 28 at 4:36AM
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 Ian Black Real Estate
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Investment Insights
Based on property information with market context.
This move-in ready office suite totals 2,410 square feet and is presented as a turnkey option for an operating team. The space features a professional reception entrance, a spacious conference room, an expansive open office area, and several private offices. In addition, the suite includes a private office with a private restroom, a breakroom, and an additional restroom.
The suite is located within Bay Street Village & Towncenter at 3983 Destination Drive in Osprey, positioned between Sarasota and Venice. The center includes a coffee shop, restaurant, and varied retailers, providing on-site amenities for daily business needs.
Office furniture is available through a separate agreement, allowing flexibility for a tenant or buyer to tailor the workspace setup.
The suite is located within Bay Street Village & Towncenter at 3983 Destination Drive in Osprey, positioned between Sarasota and Venice. The center includes a coffee shop, restaurant, and varied retailers, providing on-site amenities for daily business needs.
Office furniture is available through a separate agreement, allowing flexibility for a tenant or buyer to tailor the workspace setup.
Key Highlights
- 2,410 SF office suite built in 2008 in Osprey, FL
- Move‑in ready suite with professional reception entrance and office furniture available through separate agreement
- Includes a spacious conference room plus an expansive open office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,138
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,760
$702.8K
Cap Rate 7%
$501,971
$502.0K
Cap Rate 9%
$390,422
$390.4K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$52.1K $21.60/SF
− Vacancy
−$5.2K −$2.16/SF
EGI
$46.9K $19.44/SF
− OpEx
−$11.7K −$4.86/SF
NOI
$35.1K $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%
$702,760
Cap Rate 7%
$501,971
Cap Rate 9%
$390,422
Alternative Uses
Best Use
Office B
$502.0K
$439.2K – $585.6K
NOI $35,138 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$684.9K
$599.3K – $799.1K
NOI $47,946 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office suite with reception, conference room, multiple private offices, and breakroom.
Where is this office unit located?
The property is located at 3983 Destination Drive Units 204 & 205 Osprey, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,410 SF office suite built in 2008 in Osprey, FL; Move‑in ready suite with professional reception entrance and office furniture available through separate agreement; Includes a spacious conference room plus an expansive open office area
