Freestanding Office
For Sale
$3,950,000
8660 S Tamiami Tr., Sarasota, FL 34238
Single-story commercial property with contiguous space, CG zoning, and direct US 41 frontage.
Property Size14,200 SF
Lot Size1.27 Acres
Price / SF$278.17
Days on Market49
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Property Features for 8660 S Tamiami Tr.
General Information
Standard status
Active
Size
14,200 SF
Class
B
Total Parking Spaces
50
Lot size
1.27 Acres
Property subtype
Office
Zoning
CG
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
14,200 SF
Year Built
1972
Year Renovated
2002
Buildings
1
Stories
1
Construction
masonry
Tenancy
Single
Parking Ratio
3.52 per 1,000 SF
Owner Occupied
Yes
Listing Agency:
MSC Commercial
Listed By:
Eric Massey · License #604760
(941) 809-6351
Source:
Tcnworldwide
Added: Aug 28
Changed: Oct 12
Last Checked: Oct 14 at 9:19PM
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 MSC Commercial
Investment Insights
Based on property information with market context.
This freestanding masonry office building provides approximately 14,200 square feet of contiguous, single-story space on 1.27 acres. Built in 1972 and renovated in 2002, the property was owner-occupied during its recent hold period and is scheduled for vacant delivery at closing in Q1/Q2 2027. The layout can be divided for multi-tenant occupancy, while the CG-zoned site supports office, medical, retail, and service uses. A 0.26 FAR and 50 surface parking spaces, calculated at 3.52 spaces per 1,000 square feet, are part of the property.
The building has direct frontage on US 41 and monument signage exposure. It is located less than one mile from the Sarasota Square Trade Center Redevelopment, which is planned as an approximately 100-acre mixed-use town center with Whole Foods, Costco, Trader Joe’s, approximately 530,000 square feet of retail, dining, and office space, and 1,200 residential units.
The building has direct frontage on US 41 and monument signage exposure. It is located less than one mile from the Sarasota Square Trade Center Redevelopment, which is planned as an approximately 100-acre mixed-use town center with Whole Foods, Costco, Trader Joe’s, approximately 530,000 square feet of retail, dining, and office space, and 1,200 residential units.
Key Highlights
- Approximately 14,200 SF of contiguous single‑story office space
- 1.27‑acre site with CG zoning and 0.26 FAR
- Vacant delivery at closing scheduled for Q1/Q2 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,036
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,140,720
$4.1M
Cap Rate 7%
$2,957,657
$3.0M
Cap Rate 9%
$2,300,400
$2.3M
Market Conditions
NOI Build-Up for 14,200 SF
Gross rent
$306.7K $21.60/SF
− Vacancy
−$30.7K −$2.16/SF
EGI
$276.0K $19.44/SF
− OpEx
−$69.0K −$4.86/SF
NOI
$207.0K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,140,720
Cap Rate 7%
$2,957,657
Cap Rate 9%
$2,300,400
Alternative Uses
Best Use
Office B
$2.96M
$2.59M – $3.45M
NOI $207,036 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,503 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
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Business Placement
Demographics for 34238, FL
22,050
Population
14,301
Households
1.5
Avg Household Size
64
Median Age
54%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,670
Density / Sq Mi
$94,583
Median Household Income
$52,322
Median Earnings
$1,828
Median Rent
$532,800
Median Home Value
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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 - Single-story commercial property with contiguous space, CG zoning, and direct US 41 frontage.
Where is this office building located?
The property is located at 8660 S Tamiami Tr. Sarasota, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approximately 14,200 SF of contiguous single‑story office space; 1.27‑acre site with CG zoning and 0.26 FAR; Vacant delivery at closing scheduled for Q1/Q2 2027
