Mediterranean Office Center with
5900 PAN AMERICAN BOULEVARD North Port, FL 34287
For Sale
$5,950,000
Two multi-story office buildings with elevator access, on 2.7 acres with 100 parking spaces.
Property Size29,366 SF
Lot Size2.70 Acres
Price / SF$202.62
Days on Market8
Property Features for 5900 PAN AMERICAN BOULEVARD
General Information
Standard status
Active
Size
29,366 SF
Lot size
2.70 Acres
Property subtype
Office
Building Details
Year Built
2007
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 639-1376
Listed By:
Gerald Hayes · License #625093
Source:
Miharaandassociates
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 26 at 8:45AM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
Pan American Professional Center features two multi-story Mediterranean-style office buildings with elevator service. Building #1 was built in 2007 and includes 2 stories. Building #2 was built in 2008 and includes 3 stories. The property also offers landscaped grounds with a fountain and gazebo.
The complex is located on a corner with frontage on US 41 and Pan American Blvd, and the remarks cite high traffic count and strong visibility. The property is zoned PCD (Planned Commerce Development).
With 100 parking spaces across the 2.7-acre site, the center is positioned for a range of professional uses such as executive suites, medical and offices, attorney offices, educational facilities, and corporate headquarters.
The complex is located on a corner with frontage on US 41 and Pan American Blvd, and the remarks cite high traffic count and strong visibility. The property is zoned PCD (Planned Commerce Development).
With 100 parking spaces across the 2.7-acre site, the center is positioned for a range of professional uses such as executive suites, medical and offices, attorney offices, educational facilities, and corporate headquarters.
Key Highlights
- Two multi‑story office buildings with elevator access on 2.7 acres.
- Building #1: 2007 build, 2 stories, 8,076 total SF with 7,672 SF under air.
- Building #2: 2008 build, 3 stories, 21,290 total SF with 20,380 SF under air.
Financial Insights For Healthcare Medical
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 | $940.9k | $32.04 |
| − Vacancy | −$42.3k | −$1.44 |
| EGI | $898.5k | $30.60 |
| − OpEx | −$359.4k | −$12.24 |
| NOI | $539.1k | $18.36 |
29,366 SF · lease $32.04/SF/yr · vacancy 4.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$7.70M
$6.74M – $8.99M
NOI $539,128 @ 7.0% cap · market cap 9.06%
Second Best
Office B
$6.12M
$5.35M – $7.14M
NOI $428,156 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$8.35M
$7.30M – $9.74M
NOI $584,224 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two multi-story office buildings with elevator access, on 2.7 acres with 100 parking spaces.
Where is this office building located?
The property is located at 5900 PAN AMERICAN BOULEVARD North Port, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Two multi‑story office buildings with elevator access on 2.7 acres.; Building #1: 2007 build, 2 stories, 8,076 total SF with 7,672 SF under air.; Building #2: 2008 build, 3 stories, 21,290 total SF with 20,380 SF under air.
