Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1620 Casey Key Rd Nokomis, FL 34275

    Sponsored
    For Sale
    $3,650,000

    Land - NOKOMIS, FL

    Lot size:
    0.58 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 26 at 7:06 am

    Property Features for 1620 Casey Key Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RE2
    APN
    0166130005
    Exterior features
    Paved, Dock
    Dock
    1
    Lot size
    0.58 Acres

    Utilities

    Water front features
    Gulf/Ocean, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Warm
    Mike Warm

    Premier Sotheby's International Realty (239) 403-2227

    Listing agent Mike Warm, LLC (941) 364-4000 License #3337038

    Listing date Jan 2, 2026

    MLS# A4676465 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gulf-to-Bay Waterfront Parcel on Casey Key

    This .58-acre waterfront parcel on Casey Key spans from the Gulf to Blackburn Bay, offering approximately 85 feet of private Gulf frontage and a newly expanded sandy shoreline along the bay. The property includes a vintage 1951 beach cottage featuring pecky cypress siding, a brick fireplace, and an elevated split-level design. The home offers two bedrooms, two full baths, plus a third bath with shower in the laundry room. A rooftop deck provides Gulf-to-Bay vistas. Recent improvements include two new air-conditioning units (2024), a roof replacement (2015) and new garage doors. The elevated structure remained dry during recent storms, according to the owner. A private composite dock with a boat lift provides access to bay waters ideal for kayaking and paddleboarding. Located near the south bridge, it offers convenient access to fine dining, boutique shopping, cultural attractions and Venice Airport. This Gulf-to-Bay parcel is suited for building a dream beach home or investing in a legacy property. The property presents an exceptional opportunity for a future new build, creation of a custom coastal estate or continued use as an income-producing rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Clothing Store Skin Care Clinic Department Store Kitchen & Bath Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nokomis
    County
    Sarasota
    State
    Florida
    Longitude
    -82.478838
    Latitude
    27.146555

    Nearby Similar for Sale

    • New
      $875,000
      2,316 SF

      Turnkey Duplex Near Nokomis Beach

      Nokomis duplex with new roof, near the beach.
      401 Shore Rd, Nokomis, FL 34275
      View Details
    • New
      $599,000
      2,802 SF

      Spacious Nokomis Duplex Over 2800SF

      Spacious duplex in Nokomis, Florida, offering versatile living and investment.
      411 Pameto Rd, Nokomis, FL 34275
      View Details
    • $1,100,000

      Restaurant and Entertainment Venue

      Turnkey restaurant and entertainment venue with dual liquor licenses.
      N Tamiami Trl, Nokomis, FL 34275
      View Details
    • $4,195,000
      2,990 SF

      Beachfront Hotel-Zoned Investment Opportunity

      Income-producing beachfront property on Casey Key, zoned for motel/hotel use.
      217 Casey Key Rd, Nokomis, FL 34275
      View Details
    • $800,000

      Nokomis Restaurant and Event Venue

      Turnkey restaurant and event venue with dual liquor licenses.
      N Tamiami Trl, Nokomis, FL 34275
      View Details
    • $849,000
      4,608 SF

      Nokomis Multifamily Property with Expansion Potential

      Coastal quadruplex with value-add potential in a high-demand rental market.
      210 Albee Rd W, Nokomis, FL 34275
      View Details
    • $599,000
      1,952 SF

      Nokomis Duplex with Income Potential

      Duplex in Nokomis, Florida, with mother-in-law suite and rental income.
      11 1St St E, Nokomis, FL 34275
      View Details
    • $1,350,000
      Pending

      Prime Nokomis Mixed-Use Corner Lot

      Commercial property in a prime location with versatile space.
      101 S Tamiami Trl S, Nokomis, FL 34275
      View Details
    • $399,999
      1,216 SF

      Nokomis Duplex: Investment or Multi-Generational

      Spacious duplex in Nokomis, ideal for investors or multi-generational living.
      901 Padua Ct, Nokomis, FL 34275
      View Details
    • $556,200
      1,600 SF

      Functional Flex Warehouse with Mezzanine

      1,600 SF flex warehouse with mezzanine and I-75 access.
      121 Triple Diamond Blvd, North Venice, FL 34275
      View Details
    • $589,900
      2,950 SF

      Nokomis Quadruplex Near Waterfront

      Quadruplex in Nokomis, Florida, near bays, restaurants, and tiki bars.
      114 Nippino Trl W, Nokomis, FL 34275
      View Details
    • $854,100
      1,725 SF

      Spacious Warehouse Oasis in NOKOMIS

      Versatile warehouse space perfect for enthusiasts, hobbies, and entertainment.
      1090 Knights Trail Rd, Nokomis, FL 34275
      View Details

    FAQs

    What type of property is this?
    Land - Rare .58-acre Gulf-to-Bay property with dual-beach setting.
    Where is this land located?
    The property is located at 1620 Casey Key Rd Nokomis, FL.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Rare Gulf-to-Bay property on Casey Key with private Gulf and Bay beaches; - Approximately 85 feet of private Gulf frontage and expanded sandy shoreline on Blackburn Bay; - Opportunity to build a custom coastal estate with panoramic water views
    (941) 525-2740
    Request Owner's contact information
    1620 Casey Key Rd Nokomis, FL 34275
    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.
    1620 Casey Key Rd
    Nokomis, FL 34275
    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
    1620 Casey Key Rd Nokomis, FL 34275
    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

    We can help!
    Listing Contact
    Mike Warm
    Mike Warm
    Real Estate License ID: 3337038
    (941) 525-2740
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.