Medical Office Building with
For Sale
$1,949,000
7458 N TAMIAMI TRL, Sarasota, FL 34243
Up to 27 offices and exam rooms with multiple entrances, 37 parking spaces, and a new roof plus new HVAC systems.
Property Size8,460 SF
Price / SF$230.38
Days on Market117
Property Features for 7458 N TAMIAMI TRL
General Information
Standard status
Active
Size
8,460 SF
Total Parking Spaces
37
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,497
Amenities
monument signage
Building Details
Building Size
8,460 SF
Year Built
1988
Tenancy
Multi
Listing Agency:
FINE PROPERTIES
Listed By:
Candi Perry
(941) 281-5567
Source:
Daniellegladdingco
Added: Jul 1
Changed: Oct 25
Last Checked: Oct 25 at 12:31AM
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
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Investment Insights
Based on property information with market context.
This professional office building offers approximately 8,460± SF of flexible space designed for medical and related uses, with up to 27 offices/exam rooms and 5 plumbed suites. The interior package includes modernized spaces, refreshed exterior, updated common areas, and enhanced landscaping, and the renovation is highlighted by a new commercial roof with a 20+ year warranty and 7 new HVAC systems. Specialized rooming includes 3 imaging/equipment rooms, supporting a variety of clinical workflows.
The building is situated on a highly visible corner of US-41 (Tamiami Trail) and Tallevast Road with monument signage, and features 2 entrances for access and circulation. The site includes 37 parking spaces.
For sale as a turnkey owner-user or investment, the property’s layout and dedicated room count support multi-tenant configurations while maintaining dedicated medical-ready spaces such as plumbed suites and imaging/equipment rooms.
The building is situated on a highly visible corner of US-41 (Tamiami Trail) and Tallevast Road with monument signage, and features 2 entrances for access and circulation. The site includes 37 parking spaces.
For sale as a turnkey owner-user or investment, the property’s layout and dedicated room count support multi-tenant configurations while maintaining dedicated medical-ready spaces such as plumbed suites and imaging/equipment rooms.
Key Highlights
- Approximately 8,460± SF professional/medical office building (1 building) built in 1988
- Up to 27 offices/exam rooms plus 5 plumbed suites for medical, dental, or aesthetic practices
- Includes 3 specialized imaging/equipment rooms and 2 entrances
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Up to 27 offices and exam rooms with multiple entrances, 37 parking spaces, and a new roof plus new HVAC systems.
Where is this medical office space located?
The property is located at 7458 N TAMIAMI TRL 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 professional/medical office building (1 building) built in 1988; Up to 27 offices/exam rooms plus 5 plumbed suites for medical, dental, or aesthetic practices; Includes 3 specialized imaging/equipment rooms and 2 entrances
