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    11155 Tamiami Trl North Port, FL 34287

    Sponsored
    For Sale
    $4,999,990

    17,900 SF Flex Space, High ROI

    Property size:
    17,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 17,900-square-foot industrial building situated on a 2.8-acre lot in North Port, Florida. Located at 11155 S. Tamiami Trail within Sarasota County, this property boasts a prime location with excellent visibility and convenient access to major transportation routes. The building, constructed in 1981 and renovated in 2024, features a 26-foot ceiling height and is currently owner-occupied. The property is classified as Class C with a single tenancy under a NNN lease. The asking price is $4,999,990, representing a price per square foot of $279.33 and a pro-forma cap rate of 9.67%, yielding a pro-forma NOI of $483,300. The property is zoned CI, offering versatility for various industrial uses. This value-add investment presents a compelling opportunity for discerning buyers seeking a strong return in a thriving market. The building's size, location, and recent renovations combine to create a highly desirable asset. The motivated seller invites offers. APN: 0772130001.

    Property Features for 11155 Tamiami Trl

    General Information

    Property type
    Distribution properties
    Square Feet
    17,900 SF
    Class
    C
    Lot Size
    121,968 SF

    Building Details

    Year Built/Renovated
    1981/2024
    Buildings
    1

    HighLights

    • Motivated seller offering a rare opportunity.
    • 17,900 SF industrial building in North Port, FL.
    • CI zoning.
    • Excellent visibility on South Tamiami Trail.
    • Owner‑occupied.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Kitchen & Bath Storage Facility Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2838542
    Latitude
    27.0490887

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    FAQs

    What type of property is this?
    Distribution property - 17,900 SF Flex Space, High ROI
    Where is this distribution property located?
    The property is located at 11155 Tamiami Trl North Port, FL.
    What is the asking price?
    The asking price for this property is $4,999,990.
    What are key features of this property?
    This property features: Motivated seller offering a rare opportunity.; 17,900 SF industrial building in North Port, FL.; CI zoning.
    Request Owner's contact information
    11155 Tamiami Trl North Port, FL 34287
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    Realmo Value Estimation

    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.

    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.

    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
    11155 Tamiami Trl North Port, FL 34287
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