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Property profile & analytics
OFF-MARKET Estimated value $905,000
Office Spaces

3982 Bee Rdg Rda Sarasota, FL 34233-1210

3,818 SF Built 1990
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US18-6032583
Property summary
AI-generated overview

This exceptional 2,124 square foot medical office building, located at 3982 Bee Ridge Road in Sarasota, Florida, presents a fantastic owner-user opportunity. Priced at $456,000 ($214.69/sq ft), this Class C building, constructed in 1990, boasts a highly efficient layout ideal for a variety of medical practices. The property features a welcoming waiting/reception area, three restrooms, a dedicated lab area, five examination rooms, and five private offices. A bonus second waiting area adds to the functionality and flexibility of the space. The interior is nicely finished, requiring minimal, if any, renovations. High-quality tile and wood laminate flooring throughout enhance the professional aesthetic. The building benefits from convenient entrance/exit points, including a separate, private entry/exit for enhanced patient privacy and flow. This property's versatile design makes it suitable for a physician's office, nutritional counseling practice, behavioral health clinic, lab services, or a combination thereof. The permitted zoning is OPI, and the APN is 0070033005. This second-floor unit is situated in Sarasota County, Florida, zip code 34233. Don't miss this chance to acquire a well-maintained and strategically located medical office building in a thriving Sarasota community.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,818 SF
Zoning code OPI
APN 0070-03-3001
UPID US18-6032583
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mastercare Physical Therapy Physician
  • Take Care Home Health Home Health Care Service Nursing Agency
  • Preferred Commercial Inc. Real Estate Agency
  • Daniel Knapp, D.C., ACRB I Alternative Medicine Practice
  • Functional Medicine Florida - Dr Fred Harvey, MD Physician Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$915k
Comparable Approach Comparable
$996k
Blend (final) Blend
$905k
Owner & transaction history
Wise Family Enterprises LLP · 22 yrs held
Wise Family Enterprises LLP
since 2004
1 recorded transaction
2004
$725,000
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.5M +32.6%
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