Corner Commercial
New
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 Market6
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: Sep 18
Last Checked: Sep 21 at 8:09AM
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
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 = 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
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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
Questions? Ask Rey
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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
