Restaurant Space on Tamiami
For Sale
Contact for pricing
4195 N Tamiami Trl, Sarasota, FL
Restaurant property for lease on a high-traffic corner lot.
Property Size3,000 SF
Lot Size0.69 Acres
Price / SF$400
Days on Market422
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
(561) 910-0175
Listed By:
Charlie Exelbirt · License #BK3097732
(954) 309-7151
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Oct 12
Last Checked: Oct 16 at 10:24AM
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 Mattis Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$39,528
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,560
$790.6K
Cap Rate 7%
$564,686
$564.7K
Cap Rate 9%
$439,200
$439.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$52.7K $17.57/SF
− OpEx
−$13.2K −$4.39/SF
NOI
$39.5K $13.18/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,560
Cap Rate 7%
$564,686
Cap Rate 9%
$439,200
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 68%
Shops & Services 25%
Hotels & Casinos 7%
Walmart Neighborhood Market
Groceries
28,100 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,471 visits/mo
0.2 miles
Kwik Stop
Shops & Services
1,779 visits/mo
0.3 miles
Quality Inn Sarasota North
Hotels & Casinos
1,595 visits/mo
0.4 miles
Days Inn Sarasota
Hotels & Casinos
887 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sarasota, FL
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).
