Two-Story Medical Office
New
For Sale
$6,300,000
4937 CLARK ROAD, Sarasota, FL 34233
A mix of occupied clinical space, unfinished suites, and office areas supports varied configurations within the building.
Property Size23,948 SF
Price / SF$263.07
Days on Market4
Property Features for 4937 CLARK ROAD
General Information
Standard status
Active
Size
23,948 SF
Elevators
Yes
Property subtype
Medical Office
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
ENT, physical therapy
Amenities
portico
locker rooms
showers
Building Details
Year Built
2002
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
SVN COMMERCIAL ADVISORY GROUP
Listed By:
Tony Veldkamp, CCIM · License #576074
(941) 387-1200
Source:
Endlesssummerrealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:35PM
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 SVN COMMERCIAL ADVISORY GROUP
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Investment Insights
Based on property information with market context.
This 23,948-square-foot medical and professional property has two floors and was built in 2002. Its first floor includes a 7,765-square-foot medical suite under lease and a 3,507-square-foot shell unit. Upstairs are a former therapy and gym area with locker rooms and showers, professional office space, an approximately 1,825-square-foot area being converted to medical use, and an approximately 2,912-square-foot shell ready for build-out. Planned work includes adding a front elevator and dividing space into smaller suites; a medical build-out is also underway.
The building is part of a three-building condominium complex west of I-75 in South Sarasota. On-site parking includes accessible spaces, and a portico provides a sheltered patient drop-off and pick-up area. The property offers a combination of leased space and areas available for occupancy or further leasing.
The building is part of a three-building condominium complex west of I-75 in South Sarasota. On-site parking includes accessible spaces, and a portico provides a sheltered patient drop-off and pick-up area. The property offers a combination of leased space and areas available for occupancy or further leasing.
Key Highlights
- 23,948‑square‑foot, two‑story medical and professional building completed in 2002
- First‑floor leased medical suite measures 7,765 square feet
- First‑floor shell space totals 3,507 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$439,659
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,793,180
$8.8M
Cap Rate 7%
$6,280,843
$6.3M
Cap Rate 9%
$4,885,100
$4.9M
Market Conditions
NOI Build-Up for 23,948 SF
Gross rent
$767.3K $32.04/SF
− Vacancy
−$34.5K −$1.44/SF
EGI
$732.8K $30.60/SF
− OpEx
−$293.1K −$12.24/SF
NOI
$439.7K $18.36/SF
Area
Sarasota County, FL
Vacancy
4.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,793,180
Cap Rate 7%
$6,280,843
Cap Rate 9%
$4,885,100
Alternative Uses
Best Use
Healthcare Medical
$6.28M
$5.50M – $7.33M
NOI $439,659 @ 7.0% cap · market cap 6.98%
Second Best
Office B
$4.99M
$4.36M – $5.82M
NOI $349,162 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$6.81M
$5.96M – $7.94M
NOI $476,435 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34233, FL
18,723
Population
9,427
Households
2
Avg Household Size
52
Median Age
41%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,069
Density / Sq Mi
$77,041
Median Household Income
$44,222
Median Earnings
$1,787
Median Rent
$364,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Best Friends Animal Hospital — 5110 Clark Rd, Sarasota, FL 34233
- Clarkson Tammy DVM — 5110 Clark Rd A, Sarasota, FL 34233
- Fugent Madonna DVM — 5110 Clark Rd A, Sarasota, FL 34233
- Clark Road Animal Clinic — 5728 Clark Rd, Sarasota, FL 34233
- Evelyn Andre Hansen, D.V.M — 5728 Clark Rd, Sarasota, FL 34233
Frequently Asked Questions
What type of property is this?
Medical Office Space - A mix of occupied clinical space, unfinished suites, and office areas supports varied configurations within the building.
Where is this medical office space located?
The property is located at 4937 CLARK ROAD Sarasota, FL.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 23,948‑square‑foot, two‑story medical and professional building completed in 2002; First‑floor leased medical suite measures 7,765 square feet; First‑floor shell space totals 3,507 square feet
