Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    509 S Tamiami Trail Osprey, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.74 acre vacant site with direct US-41 frontage.

    Type:LAND
    Lot size:
    1.74 Acres
    Added:
    Aug 15, 2024
    Days on Market:
    628
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 509 S Tamiami Trail

    General Information

    Standard status
    Active
    Lot size
    1.74 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Colton Nagler
    Colton Nagler

    Listing agent Colton Nagler License #SL3600831

    Listing office RKW Button

    Listing date Aug 15, 2024

    Source Moodyscre

    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 RKW Button

    Overview

    Osprey Land with US-41 Frontage

    This 1.74-acre vacant site is located in Osprey, Florida, and features direct frontage on US-41. Zoned OPI (Office Professional and Institution), the property has architectural permitting and a site plan ready for development. The roadside frontage on Tamiami Trail provides exposure to over 40,000 vehicles daily. Situated near Blackburn Point Bridge, it offers access to Casey Key and is less than 10 minutes from I-75. The property is suitable for professional or medical offices. Located between Sarasota and Venice, it provides convenient access to both cities' populations. The property is in the final stages of permitting for building. Future development plans include multifamily and residential zoning for this property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Osprey
    County
    Sarasota
    State
    Florida
    Longitude
    -82.486
    Latitude
    27.1887

    Nearby Similar for Sale

    • $1,400,000
      1 SF

      Osprey Mixed-Use Development Opportunity

      2.5-acre lot on Tamiami Trail, ideal for mixed-use development.
      2099 S TAMIAMI TRAIL N, OSPREY, FL 34229
      View Details
    • $190,000

      Osprey Homesite Near Pine View

      Buildable homesite in Osprey near top-rated schools and amenities.
      14 OLD VENICE ROAD, OSPREY, FL 34229
      View Details
    • $2,850,000

      Gulf-Front Vacant Lot on Casey

      Buildable Gulf-front vacant lot on Casey Key in Osprey.
      141 N CASEY KEY ROAD, OSPREY, FL 34229
      View Details
    • $1,400,000

      Osprey Land on Tamiami Trail

      2.51 acre lot in Osprey, Florida, on South Tamiami Trail.
      2099 S TAMIAMI TRAIL, OSPREY, FL 34229
      View Details
    • $110,000

      Residential Lots in Desirable Osprey

      Two adjacent residential lots in Osprey, Florida, near top attractions.
      GLENWOOD AVENUE, OSPREY, FL 34229
      View Details
    • $110,000

      Residential Lots in Osprey, FL

      Two adjacent residential lots in desirable Sarasota County location.
      GLENWOOD AVENUE, OSPREY, FL 34229
      View Details
    • $110,000

      Osprey Residential Lots Opportunity

      Two adjacent residential lots in Osprey, Florida, available for purchase.
      GLENWOOD AVENUE, OSPREY, FL 34229
      View Details
    • $1,050,000
      2,030 SF

      Turnkey Restaurant Space in Osprey

      Restaurant space in Bay Street Village and Towncenter.
      3983 DESTINATION Dr 102, Osprey, FL 34229
      View Details
    • $700,000
      1,741 SF

      Bay Street Commercial Space Available

      Premier commercial space in a vibrant, high-traffic location.
      3983 DESTINATION DRIVE #202, OSPREY, FL 34229
      View Details
    • $110,000

      Residential Lots in Desirable Osprey

      Two adjacent residential lots in Osprey, Florida, available for purchase.
      GLENWOOD AVENUE, OSPREY, FL 34229
      View Details
    • $769,000

      Freestanding Building on Tamiami Trail

      Highly visible 525 SF building on US-41 in Osprey, FL.
      240 N Tamiami Trail, Osprey, FL
      View Details
    • $397,800
      1,300 SF

      Osprey Office Condo For Sale

      Professionally built-out office condo with convenient US-41 access.
      428 S TAMIAMI TRAIL, OSPREY, FL 34229
      View Details

    FAQs

    What type of property is this?
    Land - 1.74 acre vacant site with direct US-41 frontage.
    Where is this land located?
    The property is located at 509 S Tamiami Trail Osprey, FL.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: Direct US‑41 Frontage offering exceptional exposure with over 40,000 vehicles passing daily.; 1.74 Acre Vacant Site with architectural permitting and site plan ready to go.; Zoned OPI (Office Professional and Institution) ideal for professional or medical offices.
    (941) 952-8858 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colton Nagler
    Colton Nagler
    Real Estate License ID: SL3600831
    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
    509 S Tamiami Trail, Osprey, FL
    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!