Medical Office Property with NNN
For Sale
Contact for pricing
744 THE RIALTO, Venice, FL 34285
Established healthcare practice location with a new triple-net lease structure and contractual annual rent escalations.
Property Size1,954 SF
Price / SF$289.15
Days on Market56
Property Features for 744 THE RIALTO
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Net Operating Income
$41,783
Financials
Asking Price
$1,800,000
Cap Rate
7.39%
Building Details
Year Built
1957
Buildings
3
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Wisdom Capital Group
Listed By:
Brady Wisdom · License #SL3588056
Source:
Crexi
Added: Jul 8
Changed: Aug 31
Last Checked: Aug 31 at 4:55PM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
This 1,954-square-foot medical office property at 744 The Rialto in Venice, Florida, was built in 1957. The asset is part of a three-property medical portfolio occupied by HandWorks, an established healthcare practice that intends to continue operating from the locations.
The portfolio is structured with new five-year NNN leases at closing, along with two five-year renewal options and 2% annual rent escalations. Ownership will consider the properties individually or as a portfolio. The lease structure places landlord responsibilities within a triple-net framework and supports continued use by the existing medical practice.
The portfolio is structured with new five-year NNN leases at closing, along with two five-year renewal options and 2% annual rent escalations. Ownership will consider the properties individually or as a portfolio. The lease structure places landlord responsibilities within a triple-net framework and supports continued use by the existing medical practice.
Key Highlights
- 1,954‑square‑foot medical office property at 744 The Rialto, Venice, FL
- Built in 1957
- New five‑year NNN lease structure at closing
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
$35,873
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
6.35%
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%
$717,460
$717.5K
Cap Rate 7%
$512,471
$512.5K
Cap Rate 9%
$398,589
$398.6K
Market Conditions
NOI Build-Up for 1,954 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
$62.6K $32.04/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$59.8K $30.60/SF
− OpEx
−$23.9K −$12.24/SF
NOI
$35.9K $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 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%
$717,460
Cap Rate 7%
$512,471
Cap Rate 9%
$398,589
Alternative Uses
Best Use
Healthcare Medical
$512.5K
$448.4K – $597.9K
NOI $35,873 @ 7.0% cap · market cap 6.35%
Second Best
Office B
$407.0K
$356.1K – $474.8K
NOI $28,489 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$555.3K
$485.9K – $647.9K
NOI $38,874 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
862
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established healthcare practice location with a new triple-net lease structure and contractual annual rent escalations.
Where is this medical office space located?
The property is located at 744 THE RIALTO Venice, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,954‑square‑foot medical office property at 744 The Rialto, Venice, FL; Built in 1957; New five‑year NNN lease structure at closing
