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    Standalone Office Building with Canopy Title is generated by Realmo AI

    7231 South Tamiami Trail, Sarasota, FL 34231

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    For Lease
    $27 SF/Yr $6,480/Mo (calc)

    Standalone office space with street-facing visibility, adaptable layout, and a former bank drive-through canopy for flexible concepts.

    Type:Office
    Property size:
    2,880 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:25 am

    Property Features for 7231 South Tamiami Trail

    General Information

    Standard status
    Active
    Size
    2,880 SF
    Property subtype
    Office

    Spaces For Lease

    at 7231 South Tamiami Trail Contact us

    We can help!

    Listing Contact
    Joe C. Hembree, CCIM
    Joe C. Hembree, CCIM

    Listing agent Joe C. Hembree, CCIM License #3213168

    Listing office HEMBREE & ASSOCIATES INC

    Listing date Jun 2, 2026

    Source Hembreeco

    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 HEMBREE & ASSOCIATES INC

    HighLights

    • Standalone 2,880 SF office building at 7231 S Tamiami Trail, available for lease at $27/SF NNN
    • Street‑facing visibility on a major retail corridor with approx. 43,000 AADT
    • Zoned CG/Commercial General, suitable for office, medical, retail, or restaurant operations
    • Adaptable floor plates for collaborative and private work settings, with an inviting lobby
    • Former bank drive‑thru canopy added: new 528 SF canopy
    • 30 onsite parking spaces; OPEX is $10.48 PSF

    Overview

    This standalone building offers 2,880 SF of street-facing office space designed to support both collaborative and private work settings. The property includes an inviting lobby and adaptable floor plates that can be configured to fit a range of day-to-day operational needs. A new 528 SF canopy was added, representing the former bank drive-through feature and offering a useful element for tenants that benefit from sheltered service or drop-off activity.

    Positioned on South Tamiami Trail, the space benefits from commanding visibility along a major retail artery with approximately 43,000 AADT. The offering is zoned CG/Commercial and includes 30 onsite parking spaces, which can help accommodate staff and visitors and streamline access for daily use.

    Given the zoning and functional design, this property is a practical fit for office and medical users, as well as retail or restaurant operations. Tenants looking for a high-profile presence with an adaptable interior and a pre-existing covered canopy component should find the layout and site configuration well-suited to executing a professional, customer-facing operation.
    Location Intelligence

    Current Use by Public Records

    Kimi Newcomb, Realtor Real Estate Agency David Barr, Sarasota ... Real Estate Agency Florida Title & Guarantee ... Title Company Jimmy Raybon, Realtor® Real Estate Agency Sarasota Homes By ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5135395
    Latitude
    27.2508409

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    FAQs

    What type of property is this?
    Office building - Standalone office space with street-facing visibility, adaptable layout, and a former bank drive-through canopy for flexible concepts.
    Where is this office building located?
    The property is located at 7231 South Tamiami Trail Sarasota, FL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Standalone 2,880 SF office building at 7231 S Tamiami Trail, available for lease at $27/SF NNN; Street‑facing visibility on a major retail corridor with approx. 43,000 AADT; Zoned CG/Commercial General, suitable for office, medical, retail, or restaurant operations
    (941) 685-5869
    We can help!
    Listing Contact
    Joe C. Hembree, CCIM
    Joe C. Hembree, CCIM
    Real Estate License ID: 3213168
    Learn More
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    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.

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