North Port Office Building For
For Sale
Contact for pricing
Pending
14972 Tamiami Trl, North Port, FL 34287
Well-located office building with extensive parking and professional reception area.
Property Size5,845 SF
Days on Market429
Property Features for 14972 Tamiami Trl
General Information
Standard status
Pending
Size
5,845 SF
Property subtype
Office
Zoning
AC1
Building Details
Year Built
2007
Year Renovated
2008
Buildings
1
Tenancy
Single
Listing Agency:
LQ Commercial
(941) 815-2129
Listed By:
Howard Corr · License #FL BK3266041
Source:
Crexi
Added: Jun 27, 2025
Changed: Aug 8
Last Checked: Jul 25 at 2:45PM
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 LQ Commercial
Investment Insights
Based on property information with market context.
This office building is located on Tamiami Trail, near Sumter Boulevard in North Port. It features extensive parking facilities at the front and rear, with access from Tamiami Trail and an entrance connecting to Sumter Boulevard. The interior includes approximately 20 office spaces/workstations, a meeting room, a storage/phone room, a copy area, a kitchen area, and two restrooms. The building also features a professional reception area. A new roof is scheduled to be installed in October 2025. The property is located in Activity Center 1, an established commercial corridor along US-41. The AC-1 district supports commercial, light industrial, office, and retail use to provide employment and amenities to the adjacent residential neighborhoods. Environmental conservation and government uses, including public schools, are also allowed. The property size is 5845 square feet.
Key Highlights
- Prime location on Tamiami Trail near Sumter Boulevard in North Port.
- Extensive parking facilities with access from both Tamiami Trail and Sumter Boulevard.
- Approximately 20 office spaces/workstations, meeting room, and kitchen area.
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
$85,220
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
5.68%
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%
$1,704,400
$1.7M
Cap Rate 7%
$1,217,429
$1.2M
Cap Rate 9%
$946,889
$946.9K
Market Conditions
NOI Build-Up for 5,845 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
$126.3K $21.60/SF
− Vacancy
−$12.6K −$2.16/SF
EGI
$113.6K $19.44/SF
− OpEx
−$28.4K −$4.86/SF
NOI
$85.2K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,704,400
Cap Rate 7%
$1,217,429
Cap Rate 9%
$946,889
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,220 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,284 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-located office building with extensive parking and professional reception area.
Where is this office building located?
The property is located at 14972 Tamiami Trl North Port, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location on Tamiami Trail near Sumter Boulevard in North Port.; Extensive parking facilities with access from both Tamiami Trail and Sumter Boulevard.; Approximately 20 office spaces/workstations, meeting room, and kitchen area.
