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US-41 Byp Venice, FL 34285

OFF-MARKET Office Spaces Google Maps
3,410 SF Built 1974
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, 3,410 square foot medical office building situated on a 14,898 square foot lot in Venice, Florida. The property boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease in place, ensuring a stable and predictable income stream. The asking price is $1,705,000, translating to a compelling $500 per square foot. Built in 1974, this one-story building is zoned CG - COMMERCIAL, GENERAL, offering flexibility and potential for future growth. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $110,825 and a 6.50% capitalization rate. This makes it an attractive investment for those seeking a secure, high-yield asset in a desirable location. The property is located on US-41 BYP in Sarasota County, Florida, zip code 34285. This is a 1031 exchange eligible property. The building's single-tenant occupancy simplifies management and minimizes vacancy risk. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a thriving market.

Property profile

Verified
Property type Office Spaces
Year built 1974
Total area 3,410 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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