Renovated Retail Storefront
For Sale
Contact for pricing
13221 S Tamiami Trl, North Port, FL 34287
Renovated retail building with strong street frontage and on-site parking, previously operated as a pharmacy.
Property Size3,900 SF
Price / SF$230.77
Days on Market173
Property Features for 13221 S Tamiami Trl
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Retail
Building Details
Year Built
1997
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
Dhruv Realty
Listed By:
joe caldarelli · License #BK3386144
Source:
Crexi
Added: Mar 19
Changed: Aug 26
Last Checked: Sep 6 at 5:36PM
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 Dhruv Realty
Investment Insights
Based on property information with market context.
This renovated retail storefront building is 3,900 SF and was formerly a pharmacy. Improvements were completed in 2021, and the layout is suited for a variety of retail or service-oriented businesses.
The property is located on Tamiami Trail with excellent street frontage and strong visibility, with convenient customer access supported by on-site parking.
It is positioned in a growing area with new residential development and is surrounded by both national and local businesses.
The property is located on Tamiami Trail with excellent street frontage and strong visibility, with convenient customer access supported by on-site parking.
It is positioned in a growing area with new residential development and is surrounded by both national and local businesses.
Key Highlights
- 3,900 SF retail building on Tamiami Trail, built in 1997
- Previously operated as a pharmacy; suitable for retail or service‑oriented businesses
- Renovated in 2021
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
$60,934
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
6.77%
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%
$1,218,680
$1.2M
Cap Rate 7%
$870,486
$870.5K
Cap Rate 9%
$677,044
$677.0K
Market Conditions
NOI Build-Up for 3,900 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
$93.6K $24.00/SF
− Vacancy
−$6.6K −$1.68/SF
EGI
$87.0K $22.32/SF
− OpEx
−$26.1K −$6.70/SF
NOI
$60.9K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,218,680
Cap Rate 7%
$870,486
Cap Rate 9%
$677,044
Alternative Uses
Best Use
Retail
$870.5K
$761.7K – $1.02M
NOI $60,934 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.9K – $1.29M
NOI $77,589 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Groceries 13%
Dining 6%
Circle K
Shops & Services
12,237 visits/mo
0.2 miles
Dollar General
Shops & Services
9,665 visits/mo
0.0 miles
Wells Fargo
Shops & Services
7,792 visits/mo
0.4 miles
Marathon
Shops & Services
7,782 visits/mo
0.2 miles
Save-A-Lot
Groceries
6,270 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail 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?
Retail space - Renovated retail building with strong street frontage and on-site parking, previously operated as a pharmacy.
Where is this retail space located?
The property is located at 13221 S Tamiami Trl North Port, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,900 SF retail building on Tamiami Trail, built in 1997; Previously operated as a pharmacy; suitable for retail or service‑oriented businesses; Renovated in 2021
