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    Property profile & analytics

    12693 Tamiami S Trl, Unit 100 North Port, FL 34287-1975

    • Retail space
    • 1,200 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2024
    $525,000
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    3.6%
    Retail space
    Location Intelligence
    Property ID
    US18-4087581
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 12693 Tamiami S Trl

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.38 lot acres
    Property size
    1,200 SF
    Zone code
    CG
    Property type
    Retail space
    APN
    0791-01-0003
    APU
    791010003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $482,000
      Market price range: $210k - $520k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $355,000
      Current use
      AUTO REPAIR, GARAGE
      $690,000
      Change: +95% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $540,000
      Change: +54% Conversion: Moderate
      MEDICAL BUILDING
      $400,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $320,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2584
    Latitude
    27.0473
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,396
    $153,100
    $91,400
    $244,500
    -
    $153,100
    $91,400
    $244,500

    Comparable in this City

    • Value Estimation by Request
      602 SF

      14385 Tamiami Trl, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 602 SF
      14385 Tamiami Trl, North Port, FL 34287-2741
      View Details
    • Value Estimation by Request
      1,014 SF

      14580 Tamiami Trl, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 1,014 SF
      14580 Tamiami Trl, North Port, FL 34287-2708
      View Details
    • Value Estimation
      $1,550,000
      6,764 SF

      14833 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 6,764 SF
      14833 Tamiami Trl, North Port, FL 34287-2716
      View Details
    • Value Estimation by Request
      1,416 SF

      14824 Tamiami Trla104

      RETAIL STORES (PERSONAL SERVICES) • 1,416 SF
      14824 Tamiami Trla104, North Port, FL 34287-2701
      View Details
    • Value Estimation by Request
      1,014 SF

      14580 Tamiami Trl, Unit C

      RETAIL STORES (PERSONAL SERVICES) • 1,014 SF
      14580 Tamiami Trl, North Port, FL 34287-2708
      View Details
    • Value Estimation
      $685,000
      3,950 SF

      12781 Tamiami S Trl

      RETAIL STORES (PERSONAL SERVICES) • 3,950 SF
      12781 Tamiami S Trl, North Port, FL 34287-1943
      View Details

    Similar Nearby for Sale

    • $3,799,990

      Fully Leased Retail Investment Property

      Turnkey retail plaza with high visibility and strong income.
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    • $1,499,000
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      North Port Self-Storage Land

      Prime 1.67-acre commercial lot, fully entitled.
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      Multifamily property in North Port, Florida, offered for sale.
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      Land For Sale

      Land available for sale.
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    • Contact for pricing

      Land For Sale

      Land available for sale in North Port, Florida.
      659 La Sala, North Port, FL 34287
      View Details
    • $30,000
      0.23 Acres

      Residential Lots in North Port

      Two side-by-side residential lots, build your dream home!
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    Similar Nearby for Lease

    • New
      $21 SF/Yr
      4,000 SF

      Prime Commercial Space in North Port

      Versatile commercial space in a rapidly growing area.
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space on Tamiami Trail

      2,100 SF retail space available on high-traffic Tamiami Trail.
      14906 Tamiami Trl, North Port, FL 34287
      View Details
    • $20 SF/Yr
      17,171 SF

      Prime North Port Office Suites

      Class A Office Space, 4 Suites Available
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • $96,880

      High-End Office Space Available

      Meticulously maintained office building with high-end finishes, shell space.
      4451 Aidan Ln, North Port, FL 34287
      View Details
    • $20 SF/Yr
      24,441 SF

      North Port Office Building For Sale

      Executive & Medical Suites Available in North Port, FL
      4451 Aidan Ln, North Port, FL 34287
      View Details
    • $18 SF/Yr
      6,750 SF

      North Port Medical Office for Lease

      Modern, move-in ready medical suites in prime location.
      14575 Tamiami Trl, North Port, FL 34287
      View Details
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    North Port, FL 34287-1975
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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