Flex Space with Enclosed
For Sale
$679,000
1090 KNIGHTS TRAIL Road, Nokomis, FL 34275
Commercial Sale, NOKOMIS, FL
Property Size1,725 SF
Lot Size1.80 Acres
Price / SF$393.62
Days on Market85
Property Features for 1090 KNIGHTS TRAIL Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PID
Appliances
Dishwasher, Microwave, Refrigerator
Subdivision
KNIGHTS TRAIL BUS SUITES BLDG B
Directions
I-75 Laurel Rd (CR 762) East on Laurel Rd, Left on Knights Trail, destination on the Left.
Standard status
Active
APN
0377161010
Size
1,725 SF
Lot size
1.80 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT 10, KNIGHTS TRAIL BUSINESS SUITES BLDG B
Tax Annual Amount
4992
Legal Description
UNIT 10, KNIGHTS TRAIL BUSINESS SUITES BLDG B
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Flooring type
Concrete
Building materials
ICFs (Insulated Concrete Forms), Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
WEICHERT REALTORS HALLMARK PRO
(941) 706-2142
Listed By:
Robin Palmer · License #3392101
(941) 549-1677
Added: Jun 2
Changed: Aug 24
Last Checked: Aug 25 at 3:06AM
MLS# A4695878
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 1,725-square-foot flex property offers an open warehouse layout with two office spaces, a reception area, and two restrooms configured with one full bath and one half bath. An enclosed 24-by-19-foot mezzanine adds separated interior space. The building was constructed in 2006 with a metal frame, metal siding, insulated concrete forms, concrete flooring, and a metal roof. Central heating and cooling are available, along with window or wall units.
The property occupies 1.8 acres at 1090 Knights Trail Road in Nokomis, Florida, within Sarasota County. It has PID zoning, public water, public sewer, and electricity available. Appliances on site include a dishwasher, microwave, and refrigerator.
The property occupies 1.8 acres at 1090 Knights Trail Road in Nokomis, Florida, within Sarasota County. It has PID zoning, public water, public sewer, and electricity available. Appliances on site include a dishwasher, microwave, and refrigerator.
Key Highlights
- 1,725 SF flex property on 1.8 acres
- Enclosed 24' x 19' mezzanine space
- Two offices, reception area, and two restrooms
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
$24,154
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
3.56%
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%
$483,080
$483.1K
Cap Rate 7%
$345,057
$345.1K
Cap Rate 9%
$268,378
$268.4K
Market Conditions
NOI Build-Up for 1,725 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
$29.6K $17.16/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$28.4K $16.47/SF
− OpEx
−$4.3K −$2.47/SF
NOI
$24.2K $14.00/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$483,080
Cap Rate 7%
$345,057
Cap Rate 9%
$268,378
Alternative Uses
Best Use
Warehouse
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$284.2K
$248.7K – $331.5K
NOI $19,892 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$490.3K
$429.0K – $572.0K
NOI $34,318 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Open warehouse layout includes offices, reception area, and two restrooms.
Where is this flex space located?
The property is located at 1090 KNIGHTS TRAIL Road Nokomis, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 1,725 SF flex property on 1.8 acres; Enclosed 24' x 19' mezzanine space; Two offices, reception area, and two restrooms
