Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5920 Pan American Blvd North Port, FL 34287
    Back to Search
    Property profile & analytics

    5920 Pan American Blvd, North Port, FL 34287

    View on Map
    • Office Spaces
    • 17,171 SF
    For Lease
    $20 SF/Yr
    View Listing →
    Prime North Port Office Suites For Lease
    $20 SF/Yr

    Prime North Port Office Suites

    Class A Office Space, 4 Suites Available

    Venice, FL 34287
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 5920 Pan American Blvd

    Year built
    2009
    Property type
    Office Spaces

    Description

    This exceptional Class A office building, constructed in 2009, offers four remaining suites in a vibrant activity center. Located at 5920 Pan American Blvd in North Port, Florida (zip code 34287), this 17,171 square foot building sits on a 2.76-acre lot and is zoned for a wide range of uses including office, retail, medical, and more. Suites range from 495 to 3,928 contiguous square feet, with a total of 7,080 square feet currently vacant. Two first-floor suites (102 & 103) offer a combined 3,786 square feet, or can be leased separately at 1,893 square feet each. A second-floor suite (207) measures 906 square feet, and another (209) is 495 square feet. The property's flexible zoning (PD Activity Center) allows for diverse business types, including but not limited to medical, restaurant, and professional services. This is a rare opportunity to secure high-quality office space in a thriving Sarasota County location. The building's modern design and convenient location make it an ideal choice for businesses seeking a professional and accessible workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2433
    Latitude
    27.046

    Comparable in this City

    • Value Estimation by Request
      20,380 SF

      5920 Pan American Blvd

      Office Spaces
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Value Estimation by Request
      28,052 SF

      5900-5920 Pan American Blvd

      Office Spaces
      5900-5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Value Estimation by Request
      1,357 SF

      14880 Tamiami Trlc-107

      CONDOMINIUM OFFICES
      14880 Tamiami Trlc-107, North Port, FL 34287-2701
      View Details
    • Value Estimation by Request
      1,357 SF

      14848 Tamiami Trlb103

      CONDOMINIUM OFFICES
      14848 Tamiami Trlb103, North Port, FL 34287-2701
      View Details
    • Value Estimation by Request
      1,416 SF

      14802 Tamiami Trla115

      CONDOMINIUM OFFICES
      14802 Tamiami Trla115, North Port, FL 34287-2701
      View Details
    • Value Estimation by Request
      1,104 SF

      13355 Tamiami Trl, Unit E

      CONDOMINIUM OFFICES
      13355 Tamiami Trl, North Port, FL 34287-2186
      View Details

    Similar Nearby for Sale

    • New
      $6,249,990
      29,366 SF

      North Port Leased Office Building

      29,366 SF office building, 90% leased, investment opportunity.
      5900 Pan American Blvd, North Port, FL 34287
      View Details
    • Contact for pricing
      5,845 SF

      North Port Office Building For Sale

      Well-located office building with extensive parking and professional reception area.
      14972 Tamiami Trl, North Port, FL 34287
      View Details
    • $35,000
      0.18 Acres

      Residential Lot in North Port

      Residential lot available for building a dream home.
      Monza Ave, North Port, FL 34287
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Land in North Port

      Located in fast-growing North Port, close to amenities.
      36 Orduna Dr, North Port, FL 34287
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Lot in Growing Area

      10,000 sq ft lot in developing North Port, Florida.
      S Narramore St, North Port, FL 34287
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      17,171 SF

      Prime North Port Office Suites

      Class A Office Space, 4 Suites Available
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • $18 SF/Yr
      20,380 SF

      Pan American Professional Center Office Space

      North Port, FL: Class A Office, 7,827 SF Available
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Contact for pricing

      Refurbished Medical Office Space

      Move-in ready medical office space with multiple exam rooms.
      14575 S Tamiami Trl, North Port, FL 34287
      View Details
    • Contact for pricing

      14385 Tamiami Trl, Unit a

      For Lease - 903 sq ft office, North Port, FL
      14385 Tamiami Trl, North Port, FL 34287
      View Details
    • Contact for pricing

      Sublease Office Suite on Third Floor

      Newly renovated office space offers a modern open layout and ample on-site parking in a professional center.
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5920 Pan American Blvd
    North Port, FL 34287
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5920 Pan American Blvd, North Port, FL, 34287
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!