CG-Zoned Commercial
New
For Sale
$750,000
202 TAMIAMI Trail S, Nokomis, FL 34275
Commercial Sale, NOKOMIS, FL
Property Size1,408 SF
Lot Size0.21 Acres
Price / SF$532.67
Days on Market2
Property Features for 202 TAMIAMI Trail S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Directions
From I-75, take Exit 195 toward Laurel/Nokomis and head west on Laurel Road. Turn south onto US-41/S Tamiami Trail. Continue south on S Tamiami Trail to 202 S Tamiami Trail. Property is located along US-41 in the heart of Nokomis, with Wawa and nearby hotels providing easy landmarks.
Subdivision
34275 - Nokomis/North Venice
Standard status
Active
APN
0171150039
Size
1,408 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT INT OF W R/W LINE OF TAMIAMI TRAIL AND N LINE OF PALMETTO RD TH N 0-10 W ALONG TRAIL 225 FT FOR POB TH W AND PARALLEL TO N LINE OF PALMETTO RD 199.13 FT TH N 50 FT TH E AND PARALLEL TO N
Tax Annual Amount
2984
Legal Description
BEG AT INT OF W R/W LINE OF TAMIAMI TRAIL AND N LINE OF PALMETTO RD TH N 0-10 W ALONG TRAIL 225 FT FOR POB TH W AND PARALLEL TO N LINE OF PALMETTO RD 199.13 FT TH N 50 FT TH E AND PARALLEL TO N
Utilities
Cooling system
Central Air
Building Details
Year built
1956
Building materials
Block, Stucco
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Sep 16
Last Checked: Sep 17 at 12:06AM
MLS# N6145793
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.21-acre commercial land parcel includes an existing 1,408-square-foot building constructed in 1956. The structure features block and stucco construction with central air. The property is zoned CG and served by public water and public sewer, providing an established commercial site with existing improvements.
Positioned at 202 Tamiami Trail S in Nokomis, the corner property sits directly on S Tamiami Trail and across from Wawa and two hotels. A Ford dealership is nearby, and the site is identified as not being in a flood zone. Its location is near I-75 and Sarasota Memorial Hospital, with Sarasota and Venice identified as surrounding regional destinations.
Positioned at 202 Tamiami Trail S in Nokomis, the corner property sits directly on S Tamiami Trail and across from Wawa and two hotels. A Ford dealership is nearby, and the site is identified as not being in a flood zone. Its location is near I-75 and Sarasota Memorial Hospital, with Sarasota and Venice identified as surrounding regional destinations.
Key Highlights
- 0.21‑acre commercial land parcel
- 1,408‑square‑foot existing building constructed in 1956
- CG zoning with public water and public sewer
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
$21,999
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
2.93%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
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?
Commercial land - Corner commercial parcel with public water, public sewer, and an existing building along S Tamiami Trail.
Where is this commercial land located?
The property is located at 202 TAMIAMI Trail 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: 0.21‑acre commercial land parcel; 1,408‑square‑foot existing building constructed in 1956; CG zoning with public water and public sewer
