Two-Building Mixed-Use
For Sale
$1,350,000
Pending
101 S TAMIAMI Trail S, Nokomis, FL 34275
Commercial Sale, NOKOMIS, FL
Property Size2,143 SF
Lot Size0.47 Acres
Days on Market524
Property Features for 101 S TAMIAMI Trail S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Subdivision
DONA BAY PARK REP OF
Lot features
Street Lights, Paved, Turn Around
Directions
US 41 South from Sarasota or north from Venice to corner of Albee and Tamiami Trail in Nokomis.
Standard status
Pending
APN
0171160005
Size
2,143 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
E 110 FT OF W 210 FT OF N 187.2 FT OF BLK A LESS RD R/W FOR ALBEE RD AS DESC IN 1998140263 REPLAT OF DONA BAY PARK
Tax Annual Amount
5788
Legal Description
E 110 FT OF W 210 FT OF N 187.2 FT OF BLK A LESS RD R/W FOR ALBEE RD AS DESC IN 1998140263 REPLAT OF DONA BAY PARK
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Building materials
Block, Stucco
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Mar 20, 2025
Changed: Aug 24
Last Checked: Aug 25 at 2:06AM
MLS# N6137937
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.
Investment Insights
Based on property information with market context.
This CG-zoned mixed-use property includes two separate buildings positioned on two lots. The primary building contains 2,143 square feet and is occupied by an established tenant, while the second structure is vacant and offers additional commercial space. Block and stucco construction, central air, public water, septic service, and phone availability are reported. The site covers 0.47 acres and includes more than 14 parking spaces.
Located along South Tamiami Trail in Nokomis, the property has both roadway and water access. The corridor is described as carrying more than 49,000 vehicles daily and is surrounded by residential and commercial uses. The property is identified as outside the flood zone and was built in 1980.
Located along South Tamiami Trail in Nokomis, the property has both roadway and water access. The corridor is described as carrying more than 49,000 vehicles daily and is surrounded by residential and commercial uses. The property is identified as outside the flood zone and was built in 1980.
Key Highlights
- Two separate commercial buildings situated on two lots
- 2,143 square feet in the primary building
- 0.47‑acre site with over 14 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,172
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,440
$763.4K
Cap Rate 7%
$545,314
$545.3K
Cap Rate 9%
$424,133
$424.1K
Market Conditions
NOI Build-Up for 2,143 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.3K $30.00/SF
− Vacancy
−$3.2K −$1.50/SF
EGI
$61.1K $28.50/SF
− OpEx
−$22.9K −$10.69/SF
NOI
$38.2K $17.81/SF
Area
Sarasota County, FL
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,440
Cap Rate 7%
$545,314
Cap Rate 9%
$424,133
Alternative Uses
Best Use
Mixed Use
$545.3K
$477.2K – $636.2K
NOI $38,172 @ 7.0% cap · market cap 2.83%
Second Best
Retail
$478.3K
$418.5K – $558.0K
NOI $33,482 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$609.1K
$532.9K – $710.6K
NOI $42,634 @ 7.0% cap · market cap 3.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 16%
Hotels & Casinos 5%
Wawa
Shops & Services
40,300 visits/mo
0.1 miles
RaceTrac
Shops & Services
17,787 visits/mo
0.4 miles
Wendy's
Dining
9,859 visits/mo
0.1 miles
Home2 Suites by Hilton Nokomis, FL
Hotels & Casinos
2,181 visits/mo
0.2 miles
Marco's Pizza
Dining
1,835 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CG-zoned commercial property with road and water access, separate buildings, and established parking capacity.
Where is this mixed-use property located?
The property is located at 101 S TAMIAMI Trail S Nokomis, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two separate commercial buildings situated on two lots; 2,143 square feet in the primary building; 0.47‑acre site with over 14 parking spaces
