Mixed-Use Property with New
For Sale
$600,000
109 TAMIAMI S TRAIL, Nokomis, FL 34275
CG-zoned property offers road and water access along a commercial corridor surrounded by residential and commercial uses.
Property Size1,799 SF
Price / SF$333.52
Days on Market548
Property Features for 109 TAMIAMI S TRAIL
General Information
Standard status
Active
Size
1,799 SF
Property subtype
Commercial/Industrial
Zoning
CG
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,511
Amenities
water access
Building Details
Year Built
1955
Buildings
1
Listing Agency:
RE/MAX PALM REALTY OF VENICE
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Source:
Exitrealty
Added: Apr 15, 2025
Changed: Oct 10
Last Checked: Oct 12 at 5:59PM
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 RE/MAX PALM REALTY OF VENICE
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential utility within an established building constructed in 1955. The property has a new roof installed in 2024, customer parking, and CG (Commercial General) zoning. The zoning supports a range of commercial applications identified in the source, including retail, office, restaurant, marina, and mixed-use operations.
Positioned on South Tamiami Trail in Nokomis, the property benefits from direct road access and access via waterway. The surrounding area includes both residential and commercial properties, creating a blended setting for business and community-oriented uses. The property is not in a flood zone and is located at 109 Tamiami S Trail, Nokomis, FL 34275.
Positioned on South Tamiami Trail in Nokomis, the property benefits from direct road access and access via waterway. The surrounding area includes both residential and commercial properties, creating a blended setting for business and community-oriented uses. The property is not in a flood zone and is located at 109 Tamiami S Trail, Nokomis, FL 34275.
Key Highlights
- CG (Commercial General) zoning
- New roof installed in 2024
- Direct location on South Tamiami Trail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,045
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,900
$640.9K
Cap Rate 7%
$457,786
$457.8K
Cap Rate 9%
$356,056
$356.1K
Market Conditions
NOI Build-Up for 1,799 SF
Gross rent
$54.0K $30.00/SF
− Vacancy
−$2.7K −$1.50/SF
EGI
$51.3K $28.50/SF
− OpEx
−$19.2K −$10.69/SF
NOI
$32.0K $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 Rate 5%
$640,900
Cap Rate 7%
$457,786
Cap Rate 9%
$356,056
Alternative Uses
Best Use
Mixed Use
$457.8K
$400.6K – $534.1K
NOI $32,045 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$511.3K
$447.4K – $596.5K
NOI $35,790 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 property offers road and water access along a commercial corridor surrounded by residential and commercial uses.
Where is this mixed-use property located?
The property is located at 109 TAMIAMI S TRAIL Nokomis, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: CG (Commercial General) zoning; New roof installed in 2024; Direct location on South Tamiami Trail
