Office and Retail
For Sale
Contact for pricing
2891 S Tamiami Trail, Sarasota, FL 34239
Freestanding 15,047 SF building on 1.15 acres available for owner-user acquisition at 2891 S Tamiami Trail.
Property Size15,047 SF
Lot Size1.15 Acres
Price / SF$265.83
Days on Market198
Property Features for 2891 S Tamiami Trail
General Information
Standard status
Active
Size
15,047 SF
Lot size
1.15 Acres
Property subtype
Retail, Office
Zoning
CN
Investment Type
Owner/User
Building Details
Year Built
1986
Year Renovated
2000
Stories
2
Listing Agency:
Atlantic Retail - Orlando
Listed By:
Suzanne Washburn · License #FL
(407) 919-6144
Source:
Crexi
Added: Feb 20
Changed: Sep 4
Last Checked: Sep 5 at 8:24AM
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 Atlantic Retail - Orlando
Investment Insights
Based on property information with market context.
This 15,047 SF office and retail building is offered for sale on 1.15 acres. The property presents a straightforward option for an owner-occupant looking to control their space while benefiting from a larger land parcel.
Located at 2891 S Tamiami Trail in Sarasota, Florida, the building is positioned for direct access from the main thoroughfare. The offering is structured as a for-sale acquisition, supporting owner-user occupancy and long-term use of the existing improvements.
If you’re evaluating space for an owner-user, this property’s size and dedicated acreage may be well-suited to support your operational needs. Contact us for additional details and to schedule a showing.
Located at 2891 S Tamiami Trail in Sarasota, Florida, the building is positioned for direct access from the main thoroughfare. The offering is structured as a for-sale acquisition, supporting owner-user occupancy and long-term use of the existing improvements.
If you’re evaluating space for an owner-user, this property’s size and dedicated acreage may be well-suited to support your operational needs. Contact us for additional details and to schedule a showing.
Key Highlights
- Freestanding 15,047 SF building available for owner‑user acquisition
- Situated on 1.15 acres at 2891 S Tamiami Trail
- Building was constructed in 1986
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
$245,711
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
6.14%
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%
$4,914,220
$4.9M
Cap Rate 7%
$3,510,157
$3.5M
Cap Rate 9%
$2,730,122
$2.7M
Market Conditions
NOI Build-Up for 15,047 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
$346.7K $23.04/SF
− Vacancy
−$19.1K −$1.27/SF
EGI
$327.6K $21.77/SF
− OpEx
−$81.9K −$5.44/SF
NOI
$245.7K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /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%
$4,914,220
Cap Rate 7%
$3,510,157
Cap Rate 9%
$2,730,122
Alternative Uses
Best Use
Office B
$3.51M
$3.07M – $4.10M
NOI $245,711 @ 7.0% cap · market cap 6.14%
Second Best
Retail
$2.64M
$2.31M – $3.08M
NOI $185,042 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,739 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Freestanding 15,047 SF building on 1.15 acres available for owner-user acquisition at 2891 S Tamiami Trail.
Where is this office building located?
The property is located at 2891 S Tamiami Trail Sarasota, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Freestanding 15,047 SF building available for owner‑user acquisition; Situated on 1.15 acres at 2891 S Tamiami Trail; Building was constructed in 1986
