Two-Story Multi-Unit Office
8482-8490 South Tamiami Trail Sarasota, FL 34238
8482-8490 South Tamiami Trail, Sarasota, FL, 34238
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For Sale
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Five-unit, two-story office building with on-site parking and signage exposure along S Tamiami Trail in Sarasota.
Property Size10,632 SF
Price / SF$272.76
Days on Market79
Property Features for 8482-8490 South Tamiami Trail
General Information
- Standard status
- Active
- Size
- 10,632 SF
- Property subtype
- Mixed Use
Listing agency
American Property Group of Sarasota Inc
Listed by
Tyler Sluman · License #FL SL3487138
Source
Crexi
Added: May 6 Updated: Jul 23 at 1:25AM Checked: Jul 23 at 1:25AM
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 American Property Group of Sarasota Inc
Investment Insights
Based on property information with market context.
8482-8490 S Tamiami Trail is a 10,632 SF, two-story commercial building with multiple office units and a total of five units. The property offers on-site parking and signage exposure, creating leasing flexibility for office tenants and owner-users.
The building is located in Sarasota, FL, along Tamiami Trail and is described as being surrounded by established businesses, residential communities, and steady year-round traffic. Nearby, the redevelopment of Sarasota Square Mall is transforming the site into a 96-acre, open-air mixed-use project by Torburn Partners, featuring approximately 1,200 luxury residential units, 530,000 square feet of retail and restaurants (including Whole Foods), and significant outdoor community spaces.
Overall, the property’s multi-unit configuration and roadside visibility support a range of office uses for tenants seeking space on an active commercial corridor.
The building is located in Sarasota, FL, along Tamiami Trail and is described as being surrounded by established businesses, residential communities, and steady year-round traffic. Nearby, the redevelopment of Sarasota Square Mall is transforming the site into a 96-acre, open-air mixed-use project by Torburn Partners, featuring approximately 1,200 luxury residential units, 530,000 square feet of retail and restaurants (including Whole Foods), and significant outdoor community spaces.
Overall, the property’s multi-unit configuration and roadside visibility support a range of office uses for tenants seeking space on an active commercial corridor.
Key Highlights
- 10,632 SF two‑story, five‑unit office building on S Tamiami Trail (8482‑8490) in Sarasota, FL 34231
- Owner‑user flexibility with multiple units plus on‑site parking
- On‑site signage exposure along S Tamiami Trail
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $245.0k | $23.04 |
| − Vacancy | −$13.5k | −$1.27 |
| EGI | $231.5k | $21.77 |
| − OpEx | −$57.9k | −$5.44 |
| NOI | $173.6k | $16.33 |
10,632 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.48M
$2.17M – $2.89M
NOI $173,616 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,858 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Five-unit, two-story office building with on-site parking and signage exposure along S Tamiami Trail in Sarasota.
Where is this office units located?
The property is located at 8482-8490 South Tamiami Trail Sarasota, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 10,632 SF two‑story, five‑unit office building on S Tamiami Trail (8482‑8490) in Sarasota, FL 34231; Owner‑user flexibility with multiple units plus on‑site parking; On‑site signage exposure along S Tamiami Trail
