Restaurant Space on Tamiami
4195 N Tamiami Trl Sarasota, FL
For Sale
Contact for pricing
Restaurant property for lease on a high-traffic corner lot.
Property Size3,000 SF
Lot Size0.69 Acres
Price / SF$400
Days on Market342
Property Features for 4195 N Tamiami Trl
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.69 Acres
Property subtype
RETAIL
Listing Agency:
Mattis Advisors
(954) 309-7151
Listed By:
Charlie Exelbirt · License #BK3097732
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:21AM
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 Mattis Advisors
Investment Insights
Based on property information with market context.
Located at the corner of Tamiami Trail (U.S. 41) and 42nd Street, this property is currently occupied by Kasa Sushi and Japanese Restaurant. The City of Sarasota is in the process of approving an apartment project on Tamiami Trail north of 42nd Street. The lease was signed in 2016 with a 3% annual escalator or CPI, whichever is greater. The tenant has options to renew their lease every 3 years, potentially allowing them to operate until 2028. The property size is 3000 square feet.
Key Highlights
- High‑traffic corner lot location on Tamiami Trail (U.S. 41) and 42nd Street.
- Existing tenant (Kasa Sushi and Japanese Restaurant) provides immediate income.
- Lease includes annual rent increases of 3% or CPI (whichever is greater).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$1.3k | −$0.43 |
| EGI | $52.7k | $17.57 |
| − OpEx | −$13.2k | −$4.39 |
| NOI | $39.5k | $13.18 |
3,000 SF · lease $18.00/SF/yr · vacancy 2.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$564.7K
$494.1K – $658.8K
NOI $39,528 @ 7.0% cap · market cap 3.29%
Second Best
Retail
$527.0K
$461.2K – $614.9K
NOI $36,893 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$882.2K
$771.9K – $1.03M
NOI $61,754 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property for lease on a high-traffic corner lot.
Where is this conventional restaurant located?
The property is located at 4195 N Tamiami Trl Sarasota, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑traffic corner lot location on Tamiami Trail (U.S. 41) and 42nd Street.; Existing tenant (Kasa Sushi and Japanese Restaurant) provides immediate income.; Lease includes annual rent increases of 3% or CPI (whichever is greater).
