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 Market244
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: Oct 22
Last Checked: Oct 20 at 7:11PM
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
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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 / Yr
$235,094
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,701,880
$4.7M
Cap Rate 7%
$3,358,486
$3.4M
Cap Rate 9%
$2,612,156
$2.6M
Market Conditions
NOI Build-Up for 15,047 SF
Gross rent
$361.1K $24.00/SF
− Vacancy
−$25.3K −$1.68/SF
EGI
$335.8K $22.32/SF
− OpEx
−$100.8K −$6.70/SF
NOI
$235.1K $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%
$4,701,880
Cap Rate 7%
$3,358,486
Cap Rate 9%
$2,612,156
Alternative Uses
Best Use
Retail
$3.36M
$2.94M – $3.92M
NOI $235,094 @ 7.0% cap · market cap 5.88%
Second Best
Office B
$3.13M
$2.74M – $3.66M
NOI $219,385 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$4.28M
$3.74M – $4.99M
NOI $299,353 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
