Corner Commercial
For Sale
$750,000
202 Tamiami Trl S, Nokomis, FL 34275
CG zoning, public utilities, and a corner position support commercial development along a well-traveled corridor.
Property Size1,408 SF
Price / SF$532.67
Days on Market51
Property Features for 202 Tamiami Trl S
General Information
Standard status
Active
Size
1,408 SF
Taxes and HOA fees
Annual Taxes
$2,984
Listing Agency:
RE/MAX PALM REALTY OF VENICE
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Source:
Exprealty
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 4 at 4:36PM
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 RE/MAX PALM REALTY OF VENICE
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Investment Insights
Based on property information with market context.
This commercial land parcel is positioned at 202 Tamiami Trail S in Nokomis, with CG—Commercial General zoning and access to public water and public sewer. The site occupies a corner location and includes parking, providing a foundation for future commercial planning or redevelopment.
The property is across from Wawa and two hotels, with a Ford dealership nearby. It is also near I-75 and Sarasota Memorial Hospital, placing the site within an established commercial setting between Sarasota and Venice. The location is identified as outside a flood zone and is reported to experience approximately 69,000 vehicles of daily traffic.
The property is across from Wawa and two hotels, with a Ford dealership nearby. It is also near I-75 and Sarasota Memorial Hospital, placing the site within an established commercial setting between Sarasota and Venice. The location is identified as outside a flood zone and is reported to experience approximately 69,000 vehicles of daily traffic.
Key Highlights
- 9,150‑square‑foot land area
- CG—Commercial General zoning
- Public water and public sewer available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,999
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,980
$440.0K
Cap Rate 7%
$314,271
$314.3K
Cap Rate 9%
$244,433
$244.4K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$33.8K $24.00/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$31.4K $22.32/SF
− OpEx
−$9.4K −$6.70/SF
NOI
$22.0K $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 Rate 5%
$439,980
Cap Rate 7%
$314,271
Cap Rate 9%
$244,433
Alternative Uses
Best Use
Retail
$314.3K
$275.0K – $366.7K
NOI $21,999 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,012 @ 7.0% cap · market cap 3.73%
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
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 16%
Hotels & Casinos 5%
Wawa
Shops & Services
40,300 visits/mo
0.1 miles
RaceTrac
Shops & Services
17,787 visits/mo
0.4 miles
Wendy's
Dining
9,859 visits/mo
0.1 miles
Home2 Suites by Hilton Nokomis, FL
Hotels & Casinos
2,181 visits/mo
0.2 miles
Marco's Pizza
Dining
1,835 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - CG zoning, public utilities, and a corner position support commercial development along a well-traveled corridor.
Where is this commercial land located?
The property is located at 202 Tamiami Trl S Nokomis, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 9,150‑square‑foot land area; CG—Commercial General zoning; Public water and public sewer available
