Medical Office Condo with Exam
For Sale
$1,299,000
842 Sunset Lake Boulevard Suite 401, Venice, FL 34292
Second-floor medical office suite with elevator access, exam rooms, lab, kitchen, and abundant parking.
Property Size5,243 SF
Days on Market243
Property Features for 842 Sunset Lake Boulevard Suite 401
General Information
Standard status
Active
Size
5,243 SF
Class
B
Elevators
Yes
Property subtype
Office - General Office
Additional Details
Floor
2
Office Units
1
Amenities
covered drop-off area
conference room
kitchen
lab
storage room
Building Details
Building Size
5,243 SF
Year Built
2002
Units
1
Listing Agency:
SVN | Commercial Advisory Group
Listed By:
Tony Veldkamp · License ##BK576074
(941) 487-6990
Source:
Commercialcafe
Added: Feb 18
Changed: Oct 8
Last Checked: Oct 16 at 5:59AM
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 SVN | Commercial Advisory Group
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 medical office condominium is positioned on the second floor of a medical complex adjacent to the elevator. The layout includes 14 exam rooms, with 3 currently used as offices, plus a conference room, kitchen, lab, storage room, and 3 bathrooms. Recent improvements include new flooring and paint. A covered drop-off area and abundant parking support daily patient and staff access.
The property is located at 842 Sunset Lake Blvd, Suite 401, in Venice, Florida. The seller’s current lease is scheduled to expire December 31, 2027, while the seller may accommodate a buyer’s preferred transition timeline. Occupancy may be available as soon as September 2026. The building was constructed in 2002.
The property is located at 842 Sunset Lake Blvd, Suite 401, in Venice, Florida. The seller’s current lease is scheduled to expire December 31, 2027, while the seller may accommodate a buyer’s preferred transition timeline. Occupancy may be available as soon as September 2026. The building was constructed in 2002.
Key Highlights
- 14 exam rooms, including 3 currently used as offices
- Second‑floor location adjacent to the elevator
- Conference room, kitchen, lab, and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,256
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,925,120
$1.9M
Cap Rate 7%
$1,375,086
$1.4M
Cap Rate 9%
$1,069,511
$1.1M
Market Conditions
NOI Build-Up for 5,243 SF
Gross rent
$168.0K $32.04/SF
− Vacancy
−$7.6K −$1.44/SF
EGI
$160.4K $30.60/SF
− OpEx
−$64.2K −$12.24/SF
NOI
$96.3K $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%
$1,925,120
Cap Rate 7%
$1,375,086
Cap Rate 9%
$1,069,511
Alternative Uses
Best Use
Healthcare Medical
$1.38M
$1.20M – $1.60M
NOI $96,256 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$1.09M
$955.5K – $1.27M
NOI $76,443 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,307 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34292, FL
17,141
Population
10,559
Households
1.6
Avg Household Size
68
Median Age
43%
College-Educated
96%
High-School Grad
32.5 sq mi
ZIP Area
527
Density / Sq Mi
$80,274
Median Household Income
$41,719
Median Earnings
$1,924
Median Rent
$417,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- American Society-Veterinary — 620 Shamrock Blvd, Venice, FL 34293
- Garner Veterinary Services — 725 Shamrock Blvd, Venice, FL 34293
- Garner Veterinary Services- Dr. Kelley Garner (JACARANDA ANIMAL HOSPITAL) — 725 Shamrock Blvd, Venice, FL 34293
- Berkowitz Gary DVM — 1168 Jacaranda Blvd, Venice, FL 34292
- Veterinary Associates Of Jacaranda — 1168 Jacaranda Blvd, Venice, FL 34292
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor medical office suite with elevator access, exam rooms, lab, kitchen, and abundant parking.
Where is this medical office space located?
The property is located at 842 Sunset Lake Boulevard Suite 401 Venice, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 14 exam rooms, including 3 currently used as offices; Second‑floor location adjacent to the elevator; Conference room, kitchen, lab, and storage room
