Medical Office Property with NNN
For Sale
Contact for pricing
Pending
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
Days on Market102
Property Features for 744 THE RIALTO
General Information
Standard status
Pending
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: Oct 9
Last Checked: Oct 16 at 9:25AM
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
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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 / Yr
$35,873
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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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
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
