Flex Space with Open
For Sale
$5,200,000
11155 Tamiami Trail S, North Port, FL 34287
CommercialSale, North Port, FL
Property Size17,900 SF
Lot Size2.77 Acres
Price / SF$290.50
Days on Market8
Property Features for 11155 Tamiami Trail S
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Directions
I75 to River road, take River road west to hwy 41/ Tamiami Trail. Turn left, south, and go 1 mile, property located on the left.
Subdivision
OA01 - Out of Area
Standard status
Active
APN
0772-13-0001
Lot size
2.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT PT ON N R/W OF TAMIAMI TR, SAID PT BEING 57.7 FT S & 631.08 FT E OF NW COR OF SEC 35-39-20, TH S-86-03-E 177.44 FT TH NELY ALG CURVE TO RIGHT 207.67 FT FOR POB TH CONT NELY ALG CURVE TO RIGHT
Tax Annual Amount
21048
Legal Description
COM AT PT ON N R/W OF TAMIAMI TR, SAID PT BEING 57.7 FT S & 631.08 FT E OF NW COR OF SEC 35-39-20, TH S-86-03-E 177.44 FT TH NELY ALG CURVE TO RIGHT 207.67 FT FOR POB TH CONT NELY ALG CURVE TO RIGHT
Building Details
Year built
1981
Floors in Building
2
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 689-7653
Listed By:
Carlene Hope · License #281524606
(941) 380-0945
Added: Oct 15
Changed: Oct 20
Last Checked: Oct 22 at 10:06AM
MLS# 2026043782
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes a 17,900-square-foot building on 2.77 acres. Its open interior can be configured for different operational needs, and the site is fenced. The building dates to 1981.
The property is on South Tamiami Trail, a couple of miles from Wellen Park Commercial Retail. The surrounding area includes more than 4,500 newly built homes.
The property is on South Tamiami Trail, a couple of miles from Wellen Park Commercial Retail. The surrounding area includes more than 4,500 newly built homes.
Key Highlights
- 17,900‑square‑foot building on 2.77 acres
- Open floor plan allows for adaptable interior configurations
- Fenced property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,414
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,128,280
$4.1M
Cap Rate 7%
$2,948,771
$2.9M
Cap Rate 9%
$2,293,489
$2.3M
Market Conditions
NOI Build-Up for 17,900 SF
Gross rent
$307.2K $17.16/SF
− Vacancy
−$12.3K −$0.69/SF
EGI
$294.9K $16.47/SF
− OpEx
−$88.5K −$4.94/SF
NOI
$206.4K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,128,280
Cap Rate 7%
$2,948,771
Cap Rate 9%
$2,293,489
Alternative Uses
Best Use
Industrial
$2.95M
$2.58M – $3.44M
NOI $206,414 @ 7.0% cap · market cap 3.97%
Second Best
Flex RnD
$1.91M
$1.68M – $2.23M
NOI $134,035 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$5.09M
$4.45M – $5.94M
NOI $356,113 @ 7.0% cap · market cap 6.85%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The fenced property combines a flexible interior layout with a substantial land parcel.
Where is this flex space located?
The property is located at 11155 Tamiami Trail S North Port, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 17,900‑square‑foot building on 2.77 acres; Open floor plan allows for adaptable interior configurations; Fenced property
