Executive Office Suite
For Sale
$1,300,000
4f-1500 E Venice Ave, Venice, FL 34285
Second-floor suite portfolio offers privacy with dedicated lobby and elevator access, with two suites currently leased.
Property Size6,639 SF
Price / SF$195.81
Days on Market251
Property Features for 4f-1500 E Venice Ave
General Information
Standard status
Active
Size
6,639 SF
Occupancy
33%
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$12,633
Building Details
Tenancy
Multi
Listing Agency:
SENSIBLE PROPERTY MANAGMENT
(813) 831-7368
Listed By:
Jason Welch · License #3272633
(727) 481-4502
Source:
Exprealty
Added: Feb 13
Changed: Oct 7
Last Checked: Oct 20 at 8:59PM
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 SENSIBLE PROPERTY MANAGMENT
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Investment Insights
Based on property information with market context.
This second-floor executive suite portfolio totals 6,639 square feet and is laid out into six private office suites. The configuration supports professional office use, medical office use, or consolidation for a single larger corporate user, making the space flexible for a range of owner-user and leasing strategies. The building is described as professionally maintained with modern construction intended to serve long-term, high-quality tenants.
The offering is located at 4F-1500 E Venice Ave in Venice, Florida, with the suite location positioned for strong visibility and accessibility along E Venice Avenue. As described in the materials, Unit 4F includes exclusive use and control of the building’s main lobby and elevator, creating a more private, executive-level entry experience separate from other tenants.
Currently, two of the six suites are leased, while four suites are vacant, providing the new owner with immediate space to lease based on their operating plan. For an owner-user, the dedicated entry experience supports a more controlled reception and client arrival flow. For an investor, the mix of in-place occupancy and available suites offers a practical path to stabilize and expand income within this established office building.
The offering is located at 4F-1500 E Venice Ave in Venice, Florida, with the suite location positioned for strong visibility and accessibility along E Venice Avenue. As described in the materials, Unit 4F includes exclusive use and control of the building’s main lobby and elevator, creating a more private, executive-level entry experience separate from other tenants.
Currently, two of the six suites are leased, while four suites are vacant, providing the new owner with immediate space to lease based on their operating plan. For an owner-user, the dedicated entry experience supports a more controlled reception and client arrival flow. For an investor, the mix of in-place occupancy and available suites offers a practical path to stabilize and expand income within this established office building.
Key Highlights
- 6,639 SF entire second‑floor executive suite portfolio configured into six suites
- Unit 4F includes exclusive use/control of the building’s main lobby and elevator for a dedicated entry experience
- Two of the six suites are currently leased, providing immediate rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,797
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,935,940
$1.9M
Cap Rate 7%
$1,382,814
$1.4M
Cap Rate 9%
$1,075,522
$1.1M
Market Conditions
NOI Build-Up for 6,639 SF
Gross rent
$143.4K $21.60/SF
− Vacancy
−$14.3K −$2.16/SF
EGI
$129.1K $19.44/SF
− OpEx
−$32.3K −$4.86/SF
NOI
$96.8K $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%
$1,935,940
Cap Rate 7%
$1,382,814
Cap Rate 9%
$1,075,522
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,797 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,080 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Office units
33.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,117
Businesses Nearby
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Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor suite portfolio offers privacy with dedicated lobby and elevator access, with two suites currently leased.
Where is this office unit located?
The property is located at 4f-1500 E Venice Ave Venice, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,639 SF entire second‑floor executive suite portfolio configured into six suites; Unit 4F includes exclusive use/control of the building’s main lobby and elevator for a dedicated entry experience; Two of the six suites are currently leased, providing immediate rental income
