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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Retail space
1110 Tamiami N Trl, Nokomis, FL 34275-2158
Entity Owned
~
Est. High Equity
Property ID
US18-0837616
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,586 SF
Lot
1.33 ac (58,064 SF)
Zoning code
CG
APN
0165-14-0003
UPID
US18-0837616
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
-
Jennifer Azelton Physician
-
Deirdre Ellis Physician
-
Iryna Chyshkevych, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$4.11M
Owner & transaction history
Retail Propco Borrower LLC
Retail Propco Borrower LLC
since 2025
4 recorded transactions
Zoning & alternative use
CG · Nokomis, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.1M
+28.0%
Auto repair, garage
$5.8M
+20.2%
Medical building
$5.2M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,540,000
6.5%
$3,265,000
7%
$3,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,130,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,755,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$5,215,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$4,985,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$4.11M
Range $3.69M – $4.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$302 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$58,020
Tax year 2023
Assessed value
$4,912,800
Assessed 2023
Previous assessed
$4,788,700
+2.6% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,004,400
Assessed improvement
$2,908,400
Land market value
$2,004,400
Improvement market value
$2,908,400
Total market value
$4,912,800
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
13,586 SF
Lot
1.33 ac (58,064 SF)
Zoning code
CG
APN
0165-14-0003
UPID
US18-0837616
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Nokomis, FL
Zoning CG · permitted uses
CG · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Retail Propco Borrower LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
Retail Propco Borrower LLC
—
Deed
related
$490,000,000 · Wells Fargo Bank NA
Oct 10, 2025
—
Retail Propco Borrower LLC
—
Deed
related
$545,000,000 · Wells Fargo Bank NA
Sep 10, 2025
—
Retail Propco Borrower LLC
Walgreen Co
Special Warranty Deed
$545,000,000 · Wells Fargo Bank NA
Jan 9, 2008
$3,300,000
Walgreen Co
Bank Of America NA
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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