Corner Office
For Sale
Contact for pricing
7430 North Tamiami Trail, Sarasota, FL 34243
7430 North Tamiami Trail location with PR-M zoning in Sarasota, Florida.
Property Size2,681 SF
Price / SF$333.83
Days on Market54
Property Features for 7430 North Tamiami Trail
General Information
Standard status
Active
Size
2,681 SF
Class
A
Property subtype
Office
Zoning
PR-M
Lease Type
Modified Gross
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Executive Property Management Group Inc
Listed By:
Gary Landsman · License #FL BK3018241
(941) 809-7027
Source:
Crexi
Added: Aug 27
Changed: Oct 17
Last Checked: Oct 16 at 6:52AM
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 Executive Property Management Group Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is located at 7430 North Tamiami Trail in Sarasota, Florida. The property carries PR-M zoning and is identified as an office asset offered for sale.
The site is positioned at the corner of 59th Street and Cortez Road, providing a defined intersection location within the Sarasota market.
The site is positioned at the corner of 59th Street and Cortez Road, providing a defined intersection location within the Sarasota market.
Key Highlights
- Office building offered for sale
- PR‑M zoning
- 7430 North Tamiami Trail address
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,780
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,600
$875.6K
Cap Rate 7%
$625,429
$625.4K
Cap Rate 9%
$486,444
$486.4K
Market Conditions
NOI Build-Up for 2,681 SF
Gross rent
$61.8K $23.04/SF
− Vacancy
−$3.4K −$1.27/SF
EGI
$58.4K $21.77/SF
− OpEx
−$14.6K −$5.44/SF
NOI
$43.8K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,600
Cap Rate 7%
$625,429
Cap Rate 9%
$486,444
Alternative Uses
Best Use
Office B
$625.4K
$547.3K – $729.7K
NOI $43,780 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$788.4K
$689.9K – $919.8K
NOI $55,188 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 7430 North Tamiami Trail location with PR-M zoning in Sarasota, Florida.
Where is this office building located?
The property is located at 7430 North Tamiami Trail Sarasota, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Office building offered for sale; PR‑M zoning; 7430 North Tamiami Trail address
