Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot on Shakett Creek Title is generated by Realmo AI

    321 RAVENNA STREET N, Nokomis, FL 34275

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Waterfront building lot near beaches, fishing, and Legacy Trail.

    Type:Land or Vacant Lot
    Added:
    Mar 20, 2025
    Days on Market:
    442
    Last Refresh:
    Apr 4 at 8:31 pm

    Property Features for 321 RAVENNA STREET N

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DONNY STOKES

    Listing agent DONNY STOKES License #3381054

    Listing office FLORIDA REALTY INVESTMENTS

    Listing date Mar 20, 2025

    Source Corcoran

    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 FLORIDA REALTY INVESTMENTS

    HighLights

    • Waterfront property on Shakett Creek with Gulf access for fishing, boating, and recreation.
    • Existing dock on the property for enjoying waterfront views and wildlife.
    • Conveniently located minutes from Nokomis Beach, North Jetty Beach, Venice Inlet, and Venice Beach.
    • Includes existing power and water hookups.
    • Close proximity to the Legacy Trail for bicycling and outdoor activities.
    • Minutes from shopping, dining, and entertainment.

    Overview

    This waterfront building lot features existing power and water connections. An older septic system is present, and may require replacement. Situated on Shakett Creek, the property provides access to the Gulf, offering opportunities for fishing and recreation. The location is near Nokomis Beach, North Jetty Beach, Venice Inlet, and Venice Beach. The area is suitable for kayaking and boating, with potential sightings of birds, crabs, fish, and manatees from the dock on the property. The Legacy Trail, a 23.2-mile bicycle path along an old Seaboard Railroad, is nearby, providing access to parks and attractions. The lot is located close to shopping, dining, and entertainment venues.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nokomis
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4394488
    Latitude
    27.1289568

    Nearby Similar for Sale

    • $1,450,000
      1,650 SF

      Versatile Land Parcel in Nokomis

      5.23-acre parcel with commercial and residential potential near Sarasota.
      RANCH ROAD, NOKOMIS, FL 34275
      View Details
    • $850,000

      NOKOMIS Restaurant and Event Venue

      Turnkey restaurant and event venue with dual liquor licenses.
      N TAMIAMI TRAIL, NOKOMIS, FL 34275
      View Details
    • $2,199,900

      Prime Land Near Sarasota Hospital

      5-acre parcel near new hospital with development potential.
      2900 CURRY LANE, NOKOMIS, FL 34275
      View Details
    • $550,000

      Established Restaurant on Tamiami Trail

      Turn-key restaurant with full liquor license and high visibility.
      N TAMIAMI TRAIL, NOKOMIS, FL 34275
      View Details
    • $920,000

      Dual Waterfront Residential Homesite

      Nearly one-acre homesite with frontage on both Dona Bay and Marypeg Channel, plus an existing boat slip structure.
      307 DONA DRIVE, NOKOMIS, FL 34275
      View Details
    • $1,789,999

      Bayfront Homesite in Nokomis, FL

      Waterfront land with open bay views and build potential.
      0 BAYVIEW PARKWAY, NOKOMIS, FL 34275
      View Details
    • $585,000
      1,952 SF

      Turn-Key Duplex with Pool

      Furnished duplex in Nokomis with pool, bunk-house, and garages.
      11 1ST STREET E, NOKOMIS, FL 34275
      View Details
    • $549,000

      Waterfront Land Ready for Building

      Oversized waterfront lot with sunset views and boat lift.
      223 RAVENNA STREET, NOKOMIS, FL 34275
      View Details
    • $1,789,999

      Bayfront Homesite on Bayview Parkway

      Waterfront land with open bay views and new seawall.
      Bayview Pkwy lot: 1, NOKOMIS, FL 34275
      View Details
    • $995,000
      16,000 SF

      Nokomis Restaurant and Entertainment Venue

      Turnkey restaurant and entertainment venue with dual liquor licenses.
      N TAMIAMI TRAIL, NOKOMIS, FL 34275
      View Details
    • $3,650,000

      Gulf-to-Bay Waterfront Parcel on Casey Key

      Rare .58-acre Gulf-to-Bay property with dual-beach setting.
      1620 CASEY KEY ROAD, NOKOMIS, FL 34275
      View Details
    • $650,000

      Waterfront Lot on Shakett Creek

      Buildable waterfront lot in Nokomis with direct creek access.
      BAYVIEW DRIVE, NOKOMIS, FL 34275
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront building lot near beaches, fishing, and Legacy Trail.
    Where is this waterfront land located?
    The property is located at 321 RAVENNA STREET N Nokomis, FL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Waterfront property on Shakett Creek with Gulf access for fishing, boating, and recreation.; Existing dock on the property for enjoying waterfront views and wildlife.; Conveniently located minutes from Nokomis Beach, North Jetty Beach, Venice Inlet, and Venice Beach.
    (407) 207-2220
    We can help!
    Listing Contact
    DONNY STOKES
    Real Estate License ID: 3381054
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    321 RAVENNA STREET N, NOKOMIS, FL 34275
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!