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    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 Skateboard Shop Surf 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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