Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space on Tamiami Trail Title is generated by Realmo AI

    6583-1 South Tamiami Trail, Sarasota, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Sarasota near Siesta Key.

    Type:RETAIL
    Property size:
    1,507 SF
    Lot size:
    34.88 Acres
    Added:
    Apr 1, 2024
    Days on Market:
    775
    Last Refresh:
    Apr 5 at 11:31 pm

    Property Features for 6583-1 South Tamiami Trail

    General Information

    Standard status
    Active
    Size
    1,507 SF
    Lot size
    34.88 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 6583-1 South Tamiami Trail Contact us

    We can help!

    Listing Contact
    Kara Morabito
    Kara Morabito

    Listing agent Kara Morabito

    Listing office InvenTrust Properties Corp. - Corporate

    Listing date Apr 1, 2024

    Source Moodyscre

    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 InvenTrust Properties Corp. - Corporate

    HighLights

    • Located at the signalized intersection of S. Tamiami Trail and Stickney Point Rd.
    • One of only two roads leading to and from Siesta Key
    • Anchored By: Publix
    • Anchored By: Michael’s
    • Anchored By: Bed Bath & Beyond
    • Multiple points of ingress/egress

    Overview

    This retail space, comprising 1507 square feet, is located at the signalized intersection of South Tamiami Trail and Stickney Point Road. This location is notable as one of only two access routes to and from Siesta Key. The property benefits from multiple points of ingress and egress. It is part of a shopping center anchored by Publix, Michael’s, Bed Bath & Beyond, Ross, Marshalls, Bealls Outlet, and PetSmart.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Captain Curt's Village — Old Stickney Point Rd, Sarasota, FL 34242
    • Sarasota Pavilion — 6507 S Tamiami Trail, Sarasota, FL 34231
    • Southpointe Shopping Center-Srst — 1960 Stickney Point Rd, Sarasota, FL 34231
    • Southbridge Plaza — Avenue A, Sarasota, FL 34231
    • southbridge mall — 6576 Midnight Pass Rd, Sarasota, FL 34242

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5194712
    Latitude
    27.2597878

    Nearby Similar for Lease

    • $16 SF/Yr

      Sarasota Office Space For Rent

      3000 sq ft office space ideal for various businesses.
      8245-8249 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $2,000/Mo

      Sarasota Office Space Available

      Office space for rent in Sarasota with flexible options.
      2063 MAIN STREET, SARASOTA, FL 34237
      View Details
    • $16 SF/Yr

      Versatile Sarasota Office Space Available

      Adaptable 3000 sq ft space, ideal for various businesses.
      8245-8249 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $2,395/Mo

      Sarasota Warehouse Space For Lease

      Prime Sarasota warehouse space with restroom and convenient location.
      8235 BLAIKIE COURT, SARASOTA, FL 34240
      View Details
    • $31,200 SF/Yr

      Sarasota Office with Open Layout

      Eight offices with a great location and awesome open-plan layout.
      1400 Cattlemen, Sarasota, FL 34232
      View Details
    • $3,000/Mo

      Retail Space in Golf Gate

      Standalone building in Sarasota's Golf Gate with high visibility.
      6455 GATEWAY AVENUE, SARASOTA, FL 34231
      View Details
    • $20 SF/Yr

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S BENEVA ROAD, SARASOTA, FL 34238
      View Details
    • $3,600/Mo

      Renovated Sarasota Flex Space

      Recently renovated flex space with parking near downtown and airport.
      2135 12 STREET, SARASOTA, FL 34237
      View Details
    • Contact for pricing

      Versatile Office/Warehouse Flex Space

      3,281 SF office/warehouse near SRQ/Bradenton Airport, suitable for various uses.
      7525 Pennsylvania Avenue, Sarasota, FL 34243
      View Details
    • Contact for pricing

      Versatile Office/Warehouse Flex Space

      3,281 SF office/warehouse near SRQ/Bradenton Airport.
      7525 Pennsylvania Avenue, Sarasota, FL 34243
      View Details
    • Contact for pricing

      Modern Medical Building Near Hospital

      13,200 SF medical building with surgery center and office.
      2089 Hawthorne Street, Sarasota, FL 34239
      View Details
    • $1,250/Mo

      Downtown Sarasota Executive Office Suites

      Newly renovated office suites in downtown Sarasota with included utilities.
      2155 Main St, Sarasota, FL 34237
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Sarasota near Siesta Key.
    Where is this shopping center located?
    The property is located at 6583-1 South Tamiami Trail Sarasota, FL.
    What are key features of this property?
    This property features: Located at the **signalized intersection of S. Tamiami Trail and Stickney Point Rd.**; One of only two roads leading to and from Siesta Key; Anchored By: Publix
    (630) 570-0700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kara Morabito
    Kara Morabito
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6583-1 South Tamiami Trail, Sarasota, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!