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    Knights Trail Rd Nokomis, FL 34275

    Sponsored
    For Sale
    $4,704,480

    Prime Commercial Land, High Growth Area, Venice, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.2-acre commercial parcel is strategically located in Nokomis, Florida, within the city limits of Venice, at the intersection of Knights Trail Road and Rustic Road, just north of Laurel Road. The property boasts a highly desirable Commercial zoning designation, presenting a multitude of development opportunities. Its prime location offers significant advantages, situated as an outparcel adjacent to a substantial multi-family development (300 units) and a large single-family residential community (400 units). Further enhancing its value, an adjoining property to the south is currently under development as a 380-unit multi-family complex. The area is experiencing robust growth, with over 1,500 approved single-family homesites under development within a one-mile radius. The construction of Rustic Road, a new east-west connector under the Interstate between Laurel Road and Honore Avenue, will significantly improve accessibility and further increase the property's value. This fee-simple ownership opportunity presents a compelling investment prospect in a rapidly expanding market. The property's APN is 0365002000. The asking price is $4,704,480.

    Property Features for 0 Knights Trail Rd

    General Information

    Property type
    Land
    Lot Size
    313,632 SF

    HighLights

    • $4,704,480 asking price.
    • 7.2‑acre commercial land parcel.
    • Located in Nokomis, FL, Sarasota County (APN: 0365002000).
    • Commercial zoning.
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Nokomis
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4020989
    Latitude
    27.164626

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Growth Area, Venice, FL
    Where is this land located?
    The property is located at Knights Trail Rd Nokomis, FL.
    What is the asking price?
    The asking price for this property is $4,704,480.
    What are key features of this property?
    This property features: $4,704,480 asking price.; 7.2-acre commercial land parcel.; Located in Nokomis, FL, Sarasota County (APN: 0365002000).
    (941) 957-9300
    Request Owner's contact information
    Knights Trail Rd Nokomis, FL 34275
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    Nokomis, FL 34275
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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
    Knights Trail Rd Nokomis, FL 34275
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