Renovated Executive Office
For Sale
$430,000
418 S TAMIAMI TRAIL #E3, Osprey, FL 34229
Fully renovated workspace with three private offices, a conference room, kitchen, restroom, and two storage rooms.
Property Size1,272 SF
Price / SF$338.05
Days on Market71
Property Features for 418 S TAMIAMI TRAIL #E3
General Information
Standard status
Active
Size
1,272 SF
Property subtype
Office
Amenities
2.64 acres
Additional parcels description:, Parcel Number: 0147151016, Public Survey Range: 18, Public Survey Section: 10, Annual Amount: $3,668, Legal Description: UNIT E3, OSPREY EXECUTIVE PARK PHASE 2 & 3, Year: 2025, Zoning: OPI
Central Air
Listing ID: MFRA4697456, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-06-21, 1 day on market, Special Conditions: None
Built in 2006, Living area: 1272, Living area units: Square Feet, Construction Materials: Block
Subdivision: OSPREY EXECUTIVE PARK, MLS Area (Major): 34229 - Osprey, County/Parish: Sarasota
Slab
Frontage Type: City Street, Road Surface: Asphalt
Building Details
Year Built
2006
Listing Agency:
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
(941) 254-6467
Listed By:
Brandy Loebker · License #3340741
Source:
Miharaandassociates
Added: Jun 21
Changed: Aug 29
Last Checked: Aug 29 at 4:19PM
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 is a 1,272 SF office suite within Osprey Executive Park, originally built in 2006 and fully renovated. The interior combines a reception area with a stone accent feature and fireplace, designer tile flooring, three enclosed offices, and a conference room. Glass-fronted rooms provide visual openness while maintaining separation between work areas.
The suite also includes a finished kitchen with soft-close wood cabinetry, marble countertops, and a stone backsplash. A detailed restroom with a full-length vanity complements the interior finish package, while two dedicated storage rooms provide space for files, supplies, and equipment. The configuration offers a polished setting for private work, meetings, and administrative operations.
The suite also includes a finished kitchen with soft-close wood cabinetry, marble countertops, and a stone backsplash. A detailed restroom with a full-length vanity complements the interior finish package, while two dedicated storage rooms provide space for files, supplies, and equipment. The configuration offers a polished setting for private work, meetings, and administrative operations.
Key Highlights
- 1,272 SF fully renovated office suite
- Three private offices and a separate conference room
- Reception area with stone accent wall and fireplace
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
4.31%
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 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.5K
$316.3K – $421.8K
NOI $25,306 @ 7.0% cap · market cap 5.89%
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 workspace with three private offices, a conference room, kitchen, restroom, and two storage rooms.
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 $430,000.
What are key features of this property?
This property features: 1,272 SF fully renovated office suite; Three private offices and a separate conference room; Reception area with stone accent wall and fireplace
