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Property profile & analytics
OFF-MARKET
Commercial real estate

11 Tamiami Trl Osprey, FL 34229

1,800 SF Built 1974
Property ID
Property summary
AI-generated overview

This established Osprey, Florida surf shop, located at 11 S Tamiami Trail, presents a unique investment opportunity. Boasting 1,800 square feet of retail space on a 21,800 square foot lot, this single-story, Class B building (built in 1974) enjoys high visibility on a major thoroughfare. The business includes a substantial inventory valued at over $110,000, encompassing rental equipment (chairs, umbrellas, surfboards, etc.), fixtures, and all supplier contact information. A recently added mural enhances curb appeal, and ample parking (12 spaces) ensures customer convenience. The current two-year lease (renewable), commencing September 1, 2023, and expiring September 1, 2025, offers flexibility. The business has a strong online presence, evidenced by twenty 5-star Google reviews, and recently expanded services to include jet ski rentals (jet skis sold separately). Financial records indicate a Net Operating Income (NOI) of $63,000, resulting in a significant capitalization rate. The asking price is $75,000, representing a compelling value proposition considering the inventory alone. The property is zoned CG/COMMERCIAL, GENERAL, and includes a website and training overview upon sale. A part-time employee (at $15/hour) is currently employed and may continue or be replaced. Monthly expenses, excluding rent (now negotiable), total approximately $3,911. This turnkey operation offers immediate income potential and significant growth opportunities within the vibrant Osprey beach community.

Property profile
Verified
Property type Commercial real estate
Year built 1974
Total area 1,800 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rungle in the Jungle (Bike/Boat/Book/etc) Store
  • Endless Summer Beach & Surf Beach Clothing Store Skateboard Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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