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    420 Tamiami Trl Osprey, FL 34229

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    420 Tamiami Trl Osprey, FL 34229

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    • Office properties & Spaces
    • 17,191 SF
    For Sale
    $3,495,000
    View Listing →
    Prime Medical Office Building in Osprey, FL For Sale
    $3,495,000
    17,191 SF

    Prime Medical Office Building in Osprey, FL

    17,191 SF Vacant Medical Office, $3.495M

    420 Tamiami Trl, Osprey, FL 34229
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pro Build Inc Roofing / Construction Company
    • All Pro Home Health / Home Health Care Service
    • Residential Home Health - Osprey / Home Health Care Service

    Property Details for 420 Tamiami Trl

    Year built
    1985
    Property size
    17,191 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional three-story medical office building, located at 420 S Tamiami Trl, Osprey, FL 34229, presents a compelling investment opportunity. Boasting 17,191 square feet of vacant space, this property offers significant potential for redevelopment or immediate occupancy. The building, constructed in 1985, features convenient elevator service and wide hallways, ensuring ease of access and navigation. Its prime location on Tamiami Trail provides excellent visibility and accessibility, enhanced by two entrances and ample parking both above and below ground. The 35,000 square foot lot is zoned ST2A - SOUTH TRAIL: SUBAREA 2 (AUC), allowing for various uses. The asking price is $3,495,000, translating to $203.30 per square foot. Situated in Osprey, Sarasota County, this property benefits from its proximity to the vibrant city of Venice, known for its beautiful beaches, unique shops, restaurants, and attractions. The recent addition of a Sarasota Memorial Hospital branch further solidifies the area's growth and desirability. This is a rare chance to acquire a substantial medical office building in a thriving coastal Florida community. The property's APN is 0429030014. This is a turnkey opportunity for an investor seeking a high-return investment in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Osprey
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4878
    Latitude
    27.1891

    Comparable in this City

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      $1,350,000
      3,208 SF

      2101 Tamiami Trl

      MEDICAL BUILDING • 3,208 SF
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      View Details
    • Value Estimation by Request
      1,050 SF

      3976 Destination Dr, Unit A422

      MEDICAL BUILDING • 1,050 SF
      3976 Destination Dr, Osprey, FL 34229-9514
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    • Value Estimation by Request
      1,627 SF

      3976 Destination Dr, Unit A423

      MEDICAL BUILDING • 1,627 SF
      3976 Destination Dr, Osprey, FL 34229-9514
      View Details
    • Value Estimation by Request
      1,272 SF

      416 Tamiami Trlf1

      MEDICAL BUILDING • 1,272 SF
      416 Tamiami Trlf1, Osprey, FL 34229-9206
      View Details
    • Value Estimation by Request
      1,300 SF

      458 Tamiami Trla2

      MEDICAL BUILDING • 1,300 SF
      458 Tamiami Trla2, Osprey, FL 34229-9206
      View Details
    • Value Estimation by Request
      563 SF

      3983 Destination Dr, Unit A222

      CONDOMINIUM OFFICES • 563 SF
      3983 Destination Dr, Osprey, FL 34229-9512
      View Details

    Similar Nearby for Sale

    • $3,495,000
      17,191 SF

      Prime Medical Office Building in Osprey, FL

      17,191 SF Vacant Medical Office, $3.495M
      420 Tamiami Trl, Osprey, FL 34229
      View Details
    • $1,400,000
      2.51 Acres

      Osprey Land on Tamiami Trail

      2.51 acre lot in Osprey, Florida, on South Tamiami Trail.
      2099 S Tamiami Trl, Osprey, FL 34229
      View Details
    • $1,400,000

      Osprey Land on Tamiami Trail

      2.5 acre lot zoned OPI on South Tamiami Trail.
      2099 S Tamiami Trl N, Osprey, FL 34229
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    • $1,400,000

      Osprey Land on Tamiami Trail

      2.51-acre lot zoned OPI, suitable for office/retail/medical.
      2099 S Tamiami Trl, Osprey, FL 34229
      View Details
    • $1,400,000
      1 SF

      Osprey Mixed-Use Development Opportunity

      2.5-acre lot on Tamiami Trail, ideal for mixed-use development.
      2099 S Tamiami Trl N, Osprey, FL 34229
      View Details
    • $397,800
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      Osprey Office Condo For Sale

      Professionally built-out office condo with convenient US-41 access.
      428 S Tamiami Trl, Osprey, FL 34229
      View Details

    Similar Nearby for Lease

    • $30,000

      High-End Office/Retail Condominium

      Turn-key office/retail space in a thriving commercial setting.
      3976 Destination Dr, Osprey, FL 34229
      View Details
    • $12 SF/Yr
      4,000 SF

      Osprey Office/Medical Shell Space

      Shell space ready for buildout in growing Osprey, Florida.
      1449 S Tamiami Trl, Osprey, FL 34229
      View Details
    • $17 SF/Yr
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      Osprey Retail/Office Condo For Rent

      Renovated 1,750 SF condo with flexible floor plan.
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    • $2,963,760

      Osprey Retail/Office Space For Lease

      Commercial lease opportunity on Tamiami Trail, Osprey. High visibility.
      436 S Tamiami Trl, Osprey, FL 34229
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    • $15 SF/Yr
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      Osprey Office Space Available

      Office space for lease in Osprey, Florida, 882 square feet.
      674 S Tamiami Trl, Osprey, FL 34229
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    • $90,000

      Move-In Ready Osprey Office Space

      Newly built-out, fully furnished office in Baystreet Village, Osprey.
      3976 Destination Dr, Osprey, FL 34229
      View Details
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    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
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    420 Tamiami Trl, Osprey, FL, 34229

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