San Marco Plaza Corner
For Sale
Contact for pricing
8205 Natures Way, Lakewood Ranch, FL 34202
Highly visible corner unit in San Marco Plaza.
Property Size2,002 SF
Price / SF$449.55
Days on Market893
Property Features for 8205 Natures Way
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Retail
Zoning
PD-MU
Building Details
Year Built
2007
Listing Agency:
Ian Black Real Estate LLC
(941) 906-8688
Listed By:
George W. Brusco · License #FL BK3406425
Source:
Crexi
Added: Mar 22, 2024
Changed: Aug 22
Last Checked: Aug 29 at 10:21AM
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 Ian Black Real Estate LLC
Investment Insights
Based on property information with market context.
This highly desirable corner unit is located in San Marco Plaza and offers high visibility on Natures Way. The property features an open floor plan, travertine tile flooring, and a new HVAC system. Ample parking is available. The property size is 2002 square feet.
Key Highlights
- Highly desirable San Marco Plaza Corner unit
- High visibility on Natures Way
- Pristine condition
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,279
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,580
$625.6K
Cap Rate 7%
$446,843
$446.8K
Cap Rate 9%
$347,544
$347.5K
Market Conditions
NOI Build-Up for 2,002 SF
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.
Gross rent
$48.0K $24.00/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$44.7K $22.32/SF
− OpEx
−$13.4K −$6.70/SF
NOI
$31.3K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,580
Cap Rate 7%
$446,843
Cap Rate 9%
$347,544
Alternative Uses
Best Use
Retail
$446.8K
$391.0K – $521.3K
NOI $31,279 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.0K
$497.9K – $663.8K
NOI $39,829 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,828
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 29%
Groceries 26%
Hotels & Casinos 2%
Publix
Groceries
36,363 visits/mo
0.3 miles
Mobil
Shops & Services
25,101 visits/mo
0.3 miles
Pinchers Crab Shack
Dining
20,644 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
14,251 visits/mo
0.4 miles
First Watch
Dining
8,430 visits/mo
0.2 miles
Demographics for 34202, FL
26,797
Population
12,543
Households
2.1
Avg Household Size
54
Median Age
57%
College-Educated
97%
High-School Grad
23.1 sq mi
ZIP Area
1,160
Density / Sq Mi
$123,210
Median Household Income
$54,792
Median Earnings
$2,111
Median Rent
$620,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible corner unit in San Marco Plaza.
Where is this retail space located?
The property is located at 8205 Natures Way Lakewood Ranch, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Highly desirable San Marco Plaza Corner unit; High visibility on Natures Way; Pristine condition
