Renovated Medical Office
For Sale
Contact for pricing
740 The Rialto, Venice, FL 34285
Renovated in 2024 with private front parking, rear overflow parking, and signage for both units.
Property Size2,825 SF
Price / SF$335.93
Days on Market129
Property Features for 740 The Rialto
General Information
Standard status
Active
Size
2,825 SF
Class
A
Property subtype
Office
Zoning
ST2 - South Trail Subarea
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Renovated
2024
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Adam Seidel · License #FL SL3213728
(941) 923-0535
Source:
Crexi
Added: Jun 9
Changed: Oct 6
Last Checked: Oct 15 at 12:01AM
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 American Property Group of Sarasota Inc
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Investment Insights
Based on property information with market context.
This medical office property comprises two units, each approximately 1,412 SF. Unit 740 includes six offices, an ADA restroom, kitchenette, and lab space, while Unit 742 offers six offices, reception and waiting areas, a kitchenette, and an ADA restroom. The improvements were renovated in 2024 with new flooring, roof, windows, drop ceiling, LED lighting, and ADA-compliant restrooms.
Unit 740 is leased through July 2028, and Unit 742 is vacant for immediate use. The property provides private parking in front, additional overflow parking at the rear, and building signage serving both units. It is located near Venice Airport in Venice, Florida, and is zoned ST2 - South Trail Subarea.
Unit 740 is leased through July 2028, and Unit 742 is vacant for immediate use. The property provides private parking in front, additional overflow parking at the rear, and building signage serving both units. It is located near Venice Airport in Venice, Florida, and is zoned ST2 - South Trail Subarea.
Key Highlights
- Two ±1,412 SF units
- Unit 740 leased through July 2028; Unit 742 vacant for immediate use
- Each unit features six offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,864
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,280
$1.0M
Cap Rate 7%
$740,914
$740.9K
Cap Rate 9%
$576,267
$576.3K
Market Conditions
NOI Build-Up for 2,825 SF
Gross rent
$90.5K $32.04/SF
− Vacancy
−$4.1K −$1.44/SF
EGI
$86.4K $30.60/SF
− OpEx
−$34.6K −$12.24/SF
NOI
$51.9K $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%
$1,037,280
Cap Rate 7%
$740,914
Cap Rate 9%
$576,267
Alternative Uses
Best Use
Healthcare Medical
$740.9K
$648.3K – $864.4K
NOI $51,864 @ 7.0% cap · market cap 5.47%
Second Best
Office B
$588.4K
$514.9K – $686.5K
NOI $41,189 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$802.9K
$702.5K – $936.7K
NOI $56,202 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Herrington Michael DVM — Venice, FL 34285, United States
- Island Animal Hospital of Venice — 157 Miami Ave E, Venice, FL 34285
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated in 2024 with private front parking, rear overflow parking, and signage for both units.
Where is this medical office space located?
The property is located at 740 The Rialto Venice, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two ±1,412 SF units; Unit 740 leased through July 2028; Unit 742 vacant for immediate use; Each unit features six offices
