Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    212 Casey Key Rd Nokomis, FL 34275

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $10,450,000

    Profitable Boutique Island Resort

    Property size:
    17,196 SF

    Property Features for 212 Casey Key Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,196 SF
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Angelia Young
    Angelia Young

    Listing Agency: A YOUNG REALTY GROUP INC Listing Agent: Angelia Young

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Escape Resort and Marina on Casey Key, Florida, presents a rare opportunity to acquire a thriving, recently renovated boutique resort. This exceptional property boasts 14 expansive suites, each featuring full kitchens with stainless-steel appliances, new flooring, windows, and doors. The resort sits on over an acre of lushly landscaped waterfront land, steps from the Gulf of Mexico. Amenities include a large pool and sundeck, a waterfront clubhouse with a full kitchen, an amphitheater with a firepit, BBQ areas, bicycle and kayak rentals, and a fitness center. The property also includes a 15-dock marina accommodating boats up to 50 feet, equipped with 50-amp electric and water hookups. All rooms are stylishly furnished with flat-screen TVs and free Wi-Fi. The resort enjoys consistently high occupancy rates and strong year-over-year revenue growth, making it an ideal turnkey investment for an entrepreneur or experienced hotelier seeking a profitable waterfront venture in a highly desirable location near Sarasota. The resort's prime location on Casey Key Island offers limited competition and the ability to rent rooms nightly, weekly, or monthly. The property features seven buildings totaling 17,196 square feet. This is a truly exceptional opportunity to own a successful and highly sought-after waterfront resort and marina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Venice Reef Charters Tour Operator Zephyr Charters (Bike/Boat/Book/etc) Store Escape Casey Key ... Hotel & Motel A Place To Be Motel Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nokomis
    County
    Sarasota
    State
    Florida
    Longitude
    -82.471
    Latitude
    27.12715

    Nearby Similar for Sale

    • New
      $749,999
      1,725 SF

      Spacious Warehouse Oasis in Nokomis

      Versatile warehouse perfect for enthusiasts, hobbies, and entertainment.
      1090 Knights Trail 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
    • $500,000

      Nokomis Restaurant on Tamiami Trail

      Turn-key restaurant with full liquor license on US-41.
      N Tamiami Trl, Nokomis, FL 34275
      View Details
    • $799,000
      Pending

      Nokomis Multifamily Value-Add Opportunity

      Coastal quadruplex with expansion potential in high-demand Nokomis market.
      210 Albee Rd W, 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
    • $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
    • $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
    • $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
    • $4,195,000
      Pending

      Beachfront Quadruplex Investment Opportunity

      Income-producing beachfront property on Casey Key, zoned for motel/hotel.
      217 Casey Key Rd, Nokomis, FL 34275
      View Details
    • New
      $158,000
      0.15 Acres

      Waterfront Lot in Gated Community

      55+ community waterfront lot with dock and intercoastal access.
      65 King Arthur Dr, Nokomis, 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
    • $18,050,000
      3.87 Acres

      Bayfront Land with Private Marina

      Undeveloped intercoastal property with marina, zoned for multifamily development.
      1645 Bayshore Rd, Nokomis, FL 34275
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Profitable Boutique Island Resort
    Where is this commercial real estate located?
    The property is located at 212 Casey Key Rd Nokomis, FL.
    What is the asking price?
    The asking price for this property is $10,450,000.
    (941) 966-8889
    Request Owner's contact information
    212 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.
    212 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
    212 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
    Angelia Young
    Angelia Young
    (941) 966-8889 (941) 586-3999
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!