This exceptional office space, located at 421 Commercial Court in the prestigious Lakeview Office Park, offers two available suites totaling 5,472 square feet. Built in 2003, this single-story building provides a timeless aesthetic within a convenient, shared parking lot setting. The suites are ideal for a variety of professional uses, including medical practices, accounting firms, or legal offices. The property is zoned CHI - COMMERCIAL, HIGHWAY INTERCHANGE, providing excellent visibility and accessibility. Its strategic location just off I-75 at Jacaranda Boulevard in Venice ensures high traffic exposure, benefiting from the flow of traffic from Venice, Sarasota, and North Port. The owner is offering a tenant improvement allowance to the successful tenant. The property features a total of 5,472 square feet of vacant space, with two individual suites available. This is a rare opportunity to secure prime office space in a highly desirable location. The property's single-story design and ample parking make it an attractive option for businesses of all sizes. Don't miss this chance to establish your business in this thriving area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$3,077,018
6.5%
$2,840,324
7%
$2,637,444
Comparable approach
Method
Valuation
Relative Method
$2,327,071
Geo Method
$2,118,508
Alternative Use
Use
Valuation
Residential
$3,522,002
Hospitality
$3,226,135
Educational
$2,684,106
Medical
$2,776,417
Retail
$4,175,276
Location Insight
City
Venice
County
Sarasota
State
Florida
Latitude
27.1096
Longitude
-82.3867
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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