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 Market376
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: Aug 9
Last Checked: Aug 30 at 8:00PM
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
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
$39,528
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
3.29%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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).
