Venice Medical Office
For Sale
Contact for pricing
836 Sunset Lake Blvd, Venice, FL 34292
Medical office condo for sale in Venice, Florida.
Property Size1,320 SF
Price / SF$340.91
Days on Market1579
Property Features for 836 Sunset Lake Blvd
General Information
Standard status
Active
Size
1,320 SF
Class
B
Property subtype
Office
Zoning
OPI
Investment Type
Owner/User
Building Details
Year Built
2002
Stories
2
Listing Agency:
CNK Realty LLC
Listed By:
Ken Hughes · License #FL BK3048461
Source:
Crexi
Added: May 19, 2022
Changed: Aug 14
Last Checked: Sep 12 at 5:48AM
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 CNK Realty LLC
Investment Insights
Based on property information with market context.
This is a rare opportunity to purchase a smaller medical office condo in Venice, Florida. The property is surrounded by other medical users and efficiently built out for a solo practitioner. The layout includes a waiting room, separate check-in/out area, three exam rooms with water access, a private office, a staff area, and two bathrooms. The property size is 1320 square feet.
Key Highlights
- Medical office condo in Venice, FL, ideal for a solo practitioner.
- Efficient build‑out includes waiting room, separate check in/out, 3 exam rooms with water, private office, staff area and 2 bathrooms.
- Surrounded by other medical users.
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
$24,234
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
5.39%
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%
$484,680
$484.7K
Cap Rate 7%
$346,200
$346.2K
Cap Rate 9%
$269,267
$269.3K
Market Conditions
NOI Build-Up for 1,320 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
$42.3K $32.04/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$40.4K $30.60/SF
− OpEx
−$16.2K −$12.24/SF
NOI
$24.2K $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%
$484,680
Cap Rate 7%
$346,200
Cap Rate 9%
$269,267
Alternative Uses
Best Use
Healthcare Medical
$346.2K
$302.9K – $403.9K
NOI $24,234 @ 7.0% cap · market cap 5.39%
Second Best
Office B
$274.9K
$240.6K – $320.8K
NOI $19,246 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$375.2K
$328.3K – $437.7K
NOI $26,261 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Medical office condo for sale in Venice, Florida.
Where is this medical office space located?
The property is located at 836 Sunset Lake Blvd Venice, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Medical office condo in Venice, FL, ideal for a solo practitioner.; Efficient build‑out includes waiting room, separate check in/out, **3 exam rooms with water**, private office, staff area and 2 bathrooms.; Surrounded by other medical users.
