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Property profile & analytics
OFF-MARKET Estimated value $1,780,000
Office buildings

12497 Tamiami S Trl North Port, FL 34287-1447

9,944 SF 1.13 ac lot Built 1977
Individually Owned 4-yr Hold Free & Clear
Property ID
US18-3244795
Property summary
AI-generated overview

This exceptional Class A, single-story medical office building, totaling 11,534 square feet, is situated on a 1.127-acre lot at 12497 South Tamiami Trail in North Port, Florida (Sarasota County), near the intersection of S Tamiami Trail (US 41) & Santa Cruz Ave. Built in 1977 and extensively renovated in 2024, the property boasts 54 parking spaces and offers multiple tenancy options. Currently, 5,000 square feet of space is available for lease. The building is zoned OPI/Office, Professional Institutional (APN: 0791 03 0008) and is located in the Venice submarket. Its convenient location provides easy access to major roadways, ensuring unparalleled convenience for clients and employees. This property presents a unique opportunity for businesses seeking a modern, functional, and sophisticated workspace in a thriving area. The building's recent renovation ensures modern amenities and a comfortable environment. The ample parking significantly enhances the property's appeal and functionality. This is an ideal location for medical practices or other professional businesses seeking a high-profile address in a rapidly growing area. The property's size and layout offer flexibility to accommodate a variety of business needs. Don't miss this chance to secure your business's future in this prime location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,944 SF
Lot 1.13 ac (49,113 SF)
Zoning code OPI
APN 0791-03-0008
UPID US18-3244795
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.99M
CAP Approach CAP
$2.38M
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.78M
Owner & transaction history
Donald D Krall · 4 yrs held
Donald D Krall
since 2022
Last sale
$1.6M
4 recorded transactions
2022
$1.6M
2021
$840,000
2006
$1.1M
2003
$620,000
Zoning & alternative use
OPI · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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