Nokomis Investment
For Sale
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1000 N Tamiami Trail, Nokomis, FL 34275
Two-story, 11,820 SF building with development potential.
Property Size11,820 SF
Price / SF$423.01
Days on Market2925
Property Features for 1000 N Tamiami Trail
General Information
Standard status
Active
Size
11,820 SF
Class
B
Total Parking Spaces
80
Property subtype
Office, Retail
Zoning
CN
Occupancy
100%
Net Operating Income
$215,363
Building Details
Year Built
1988
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Merritt Realty Corporation
Listed By:
Terry A. Purdy · License #FL 3213680
Source:
Crexi
Added: Oct 11, 2018
Changed: Oct 13
Last Checked: Oct 12 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Merritt Realty Corporation
Investment Insights
Based on property information with market context.
This 11,820-square-foot, two-story building, constructed in 1988, is located at 1000 N Tamiami Trail in Nokomis, Florida. The property features 80 parking spaces and abundant windows for natural lighting. Its location provides convenient access to I-75, Laurel Road, State Road 681, and US-41/Tamiami Trail. The property is situated near various amenities, including Publix, Aldi, Dunkin Donuts, Starbucks, Race Track, Wawa, Bank of America, CVS, Dollar General, and the United States Postal Service. In 2020, there were 28,453 households within a 5-mile radius, with an average household income of $92,286. An amount of $600,000 has been allocated for the developable lot located to the south and contiguous to the property. For financial analysis purposes the lot has been pulled out from the revenue.
Key Highlights
- Prime location with direct access to I‑75, Laurel Road, State Road 681, and US‑41/Tamiami Trail
- High‑income demographics: Situated near 28,453 households with an average household income of $92,286 within a 5‑mile radius
- Extensive amenities nearby include Publix, Aldi, Dunkin Donuts, Starbucks, and more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,676
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,693,520
$3.7M
Cap Rate 7%
$2,638,229
$2.6M
Cap Rate 9%
$2,051,956
$2.1M
Market Conditions
NOI Build-Up for 11,820 SF
Gross rent
$283.7K $24.00/SF
− Vacancy
−$19.9K −$1.68/SF
EGI
$263.8K $22.32/SF
− OpEx
−$79.1K −$6.70/SF
NOI
$184.7K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,693,520
Cap Rate 7%
$2,638,229
Cap Rate 9%
$2,051,956
Alternative Uses
Best Use
Retail
$2.64M
$2.31M – $3.08M
NOI $184,676 @ 7.0% cap · market cap 3.69%
Second Best
Office B
$2.46M
$2.15M – $2.87M
NOI $172,336 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,154 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 34275, FL
20,570
Population
13,139
Households
1.6
Avg Household Size
63
Median Age
43%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
800
Density / Sq Mi
$84,503
Median Household Income
$48,094
Median Earnings
$1,459
Median Rent
$435,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail property - Two-story, 11,820 SF building with development potential.
Where is this retail property located?
The property is located at 1000 N Tamiami Trail Nokomis, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime location with direct access to I‑75, Laurel Road, State Road 681, and US‑41/Tamiami Trail; High‑income demographics: Situated near 28,453 households with an average household income of $92,286 within a 5‑mile radius; Extensive amenities nearby include Publix, Aldi, Dunkin Donuts, Starbucks, and more
