Move-In Ready Office
3983 Destination Drive Units 204 & 205 Osprey, FL 34229
3983 Destination Drive Units 204 & 205, Osprey, FL, 34229
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For Sale
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Move-in ready office suite with reception, conference room, multiple private offices, and breakroom.
Property Size2,410 SF
Price / SF$352.70
Days on Market77
Property Features for 3983 Destination Drive Units 204 & 205
General Information
- Standard status
- Active
- Size
- 2,410 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency
Ian Black Real Estate LLC
(941) 906-8688
Listed by
Jessica Duncan · License #SL3654285
Source
Crexi
Added: May 6 Updated: Jul 20 at 5:18 pm Checked: Jul 20 at 5:18 pm
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 LLC
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.1k | $21.60 |
| − Vacancy | −$5.2k | −$2.16 |
| EGI | $46.9k | $19.44 |
| − OpEx | −$11.7k | −$4.86 |
| NOI | $35.1k | $14.58 |
2,410 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Anne Crowley, Acupuncture ...
Physician
Sutra Gallery LLC
Art Gallery
Sarasota Bay Facials
Spa & Massage Center
Valor Jets
Aviation Consultant
Jeremy Pinkas Carpets
General Contractor
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FAQs
What type of property is this?
Office units - Move-in ready office suite with reception, conference room, multiple private offices, and breakroom.
Where is this office units 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
