Renovated Executive Office
For Sale
$415,000
418 S TAMIAMI TRAIL #E3, Osprey, FL 34229
Fully renovated suite with reception, conference room, three private offices, and a designer kitchen.
Property Size1,272 SF
Price / SF$326.26
Days on Market53
Property Features for 418 S TAMIAMI TRAIL #E3
General Information
Standard status
Active
Size
1,272 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,668
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
2006
Listing Agency:
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
(941) 254-6467
Listed By:
BRANDY LOEBKER · License #3340741
Source:
Corcoran
Added: Jun 21
Changed: Aug 9
Last Checked: Aug 11 at 8:09AM
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 KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Investment Insights
Based on property information with market context.
Studio E3 at Osprey Executive Park is a fully renovated executive office suite. The space opens to a reception area featuring a stone accent wall and fireplace, with designer tile throughout. The suite is laid out with three private offices and a generous conference room, each with glass doors that balance privacy with an open feel. A kitchen includes soft-close wood cabinetry, marble countertops, and a stone backsplash. The restroom features a full-length vanity and matching finishes. Two separate storage rooms provide additional space for files, supplies, and equipment without taking up primary work areas.
The property is located at 418 S Tamiami Trail #E3 in Osprey, Florida, within Osprey Executive Park.
This configuration is well suited for professional teams that need dedicated meeting space and private rooms while maintaining an image-forward reception experience. The presence of multiple offices, conference room, and storage supports both client-facing operations and internal collaboration, with the updated finishes and built-out kitchen and restroom adding to day-to-day usability.
The property is located at 418 S Tamiami Trail #E3 in Osprey, Florida, within Osprey Executive Park.
This configuration is well suited for professional teams that need dedicated meeting space and private rooms while maintaining an image-forward reception experience. The presence of multiple offices, conference room, and storage supports both client-facing operations and internal collaboration, with the updated finishes and built-out kitchen and restroom adding to day-to-day usability.
Key Highlights
- Year built 2006: fully renovated executive suite at Osprey Executive Park
- Reception area features a stone accent wall and fireplace
- Layout includes a generous conference room plus three private offices with glass doors
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
$18,546
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
4.47%
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%
$370,920
$370.9K
Cap Rate 7%
$264,943
$264.9K
Cap Rate 9%
$206,067
$206.1K
Market Conditions
NOI Build-Up for 1,272 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
$27.5K $21.60/SF
− Vacancy
−$2.7K −$2.16/SF
EGI
$24.7K $19.44/SF
− OpEx
−$6.2K −$4.86/SF
NOI
$18.5K $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 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%
$370,920
Cap Rate 7%
$264,943
Cap Rate 9%
$206,067
Alternative Uses
Best Use
Office B
$264.9K
$231.8K – $309.1K
NOI $18,546 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.5K
$316.3K – $421.8K
NOI $25,306 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully renovated suite with reception, conference room, three private offices, and a designer kitchen.
Where is this office units located?
The property is located at 418 S TAMIAMI TRAIL #E3 Osprey, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Year built 2006: fully renovated executive suite at Osprey Executive Park; Reception area features a stone accent wall and fireplace; Layout includes a generous conference room plus three private offices with glass doors
