Medical Office Building with Plumbed
New
For Sale
$1,949,000
Pending
7458 N TAMIAMI, Sarasota, FL 34243
Renovation work includes updated interiors, common areas, exterior finishes, landscaping, and building systems.
Property Size8,460 SF
Days on Market2
Property Features for 7458 N TAMIAMI
General Information
Standard status
Pending
Size
8,460 SF
Total Parking Spaces
37
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$12,497
Amenities
monument signage
Building Details
Building Size
8,460 SF
Year Built
1988
Buildings
1
Listing Agency:
FINE Properties
Listed By:
Candi Perry
(941) 281-5567
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:27PM
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 FINE Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 8,460-square-foot medical office property is undergoing renovation, with work that includes a new commercial roof carrying a 20+ year warranty, 7 new HVAC systems, updated interiors and common areas, exterior improvements, and refreshed landscaping. The layout accommodates up to 27 offices or exam rooms, along with 5 plumbed suites and 3 rooms designed for imaging or equipment. Two entrances serve the building, and 37 parking spaces are provided.
The property occupies the corner of US-41 and Tallevast Road, with monument signage facing US-41. SRQ Airport, Downtown Sarasota, University Parkway, US-301, and I-75 are described as minutes away. The location is also within the Vision 41 Corridor Improvement Project area.
The property occupies the corner of US-41 and Tallevast Road, with monument signage facing US-41. SRQ Airport, Downtown Sarasota, University Parkway, US-301, and I-75 are described as minutes away. The location is also within the Vision 41 Corridor Improvement Project area.
Key Highlights
- Approximately 8,460 SF medical office building
- Up to 27 offices or exam rooms, 5 plumbed suites, and 3 imaging or equipment rooms
- Renovation includes 7 new HVAC systems and a new commercial roof with a 20+ year warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,148
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,762,960
$2.8M
Cap Rate 7%
$1,973,543
$2.0M
Cap Rate 9%
$1,534,978
$1.5M
Market Conditions
NOI Build-Up for 8,460 SF
Gross rent
$194.9K $23.04/SF
− Vacancy
−$10.7K −$1.27/SF
EGI
$184.2K $21.77/SF
− OpEx
−$46.0K −$5.44/SF
NOI
$138.1K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,762,960
Cap Rate 7%
$1,973,543
Cap Rate 9%
$1,534,978
Alternative Uses
Best Use
Office B
$1.97M
$1.73M – $2.30M
NOI $138,148 @ 7.0% cap · market cap 7.09%
Second Best
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,611 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,147 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovation work includes updated interiors, common areas, exterior finishes, landscaping, and building systems.
Where is this medical office space located?
The property is located at 7458 N TAMIAMI Sarasota, FL.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Approximately 8,460 SF medical office building; Up to 27 offices or exam rooms, 5 plumbed suites, and 3 imaging or equipment rooms; Renovation includes 7 new HVAC systems and a new commercial roof with a 20+ year warranty
