End-Unit Medical Office
For Sale
$399,000
A-1872 S Tamiami Trl, Venice, FL 34285
Configured for office or treatment use with reception, private rooms, restrooms, cabinetry, sinks, and storage.
Property Size1,147 SF
Price / SF$347.86
Days on Market213
Property Features for A-1872 S Tamiami Trl
General Information
Standard status
Active
Size
1,147 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,221
Listing Agency:
LOYD ROBBINS & CO. LLC
(941) 321-5147
Listed By:
Ali Marks · License #3560076
(941) 321-5147
Source:
Exprealty
Added: Jan 30
Changed: Aug 30
Last Checked: Aug 30 at 4:41PM
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 LOYD ROBBINS & CO. LLC
Investment Insights
Based on property information with market context.
This 1,147-square-foot office condominium is an end unit with a storefront entry opening into a reception area. The interior includes an administrative office, five private offices or treatment rooms, two private restrooms, and dedicated storage. Cabinetry, counters, and sinks remain in each treatment room, supporting continued medical-office functionality while allowing general office use.
The property fronts S. Tamiami Trail (US-41) in Venice and receives exposure to more than 45,500 vehicles per day. Access is available to I-75, Center Road, and Downtown Venice. The surrounding area includes professional offices, medical users, retail services, and residential neighborhoods, placing the suite within an established mix of commercial and residential activity.
The property fronts S. Tamiami Trail (US-41) in Venice and receives exposure to more than 45,500 vehicles per day. Access is available to I-75, Center Road, and Downtown Venice. The surrounding area includes professional offices, medical users, retail services, and residential neighborhoods, placing the suite within an established mix of commercial and residential activity.
Key Highlights
- 1,147 SF end‑unit office condominium on S. Tamiami Trail
- Exposure to over 45, 500 vehicles per day
- Five private offices or treatment rooms with cabinetry, counters, and sinks
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
$21,058
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
5.28%
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%
$421,160
$421.2K
Cap Rate 7%
$300,829
$300.8K
Cap Rate 9%
$233,978
$234.0K
Market Conditions
NOI Build-Up for 1,147 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
$36.7K $32.04/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$35.1K $30.60/SF
− OpEx
−$14.0K −$12.24/SF
NOI
$21.1K $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%
$421,160
Cap Rate 7%
$300,829
Cap Rate 9%
$233,978
Alternative Uses
Best Use
Healthcare Medical
$300.8K
$263.2K – $351.0K
NOI $21,058 @ 7.0% cap · market cap 5.28%
Second Best
Office B
$238.9K
$209.0K – $278.7K
NOI $16,723 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$326.0K
$285.2K – $380.3K
NOI $22,819 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for office or treatment use with reception, private rooms, restrooms, cabinetry, sinks, and storage.
Where is this medical office space located?
The property is located at A-1872 S Tamiami Trl Venice, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,147 SF end‑unit office condominium on S. Tamiami Trail; Exposure to over 45, 500 vehicles per day; Five private offices or treatment rooms with cabinetry, counters, and sinks
