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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14914 Tamiami Trl North Port, FL 34287-2717

    • Commercial land
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2023
    $1,100,000
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7960486
    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

    • Commercial land

    Property Details for 14914 Tamiami Trl

    Lot size
    0.88 lot acres
    Zone code
    CG
    Property type
    Commercial land
    APN
    1000-24-0009
    APU
    1000240009

    Description

    This exceptional 0.89-acre commercial land parcel presents a unique opportunity in the thriving North Port, Florida market. Located at 14914 Tamiami Trail, this single-tenant property offers unparalleled flexibility for developers and businesses seeking a strategic location. The site is zoned for commercial use and is ideal for ground lease, outright purchase, or a build-to-suit project, catering to a wide range of development possibilities. Its convenient location on Tamiami Trail ensures high visibility and accessibility, making it an attractive proposition for businesses seeking maximum exposure. The property's 0.89-acre size provides ample space for a variety of commercial structures, allowing for significant development potential. Situated in Sarasota County, this land offers a prime location within a rapidly growing area of Florida, benefiting from strong economic growth and a robust local market. The property's single-tenant designation simplifies development and management, making it an attractive investment for both individual and corporate buyers. With its strategic location, flexible development options, and substantial size, this commercial land parcel represents a compelling investment opportunity in a dynamic and expanding market. The address is 14914 Tamiami Trail, North Port, FL 34287. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,110,000
      ML approach
      $1,255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2241
    Latitude
    27.0388
    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
    $6,812
    $475,600
    $0.00
    $475,600
    -
    $475,600
    $0.00
    $475,600

    Comparable in this City

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    • Value Estimation by Request
      0.17 Acres

      14188 Tamiami Trl

      VACANT COMMERCIAL LAND • 0.17 Acres
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      480 Ortiz Blvd

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      0.50 Acres

      11771 Tamiami S Trl

      VACANT COMMERCIAL LAND • 0.50 Acres
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      1.38 Acres

      12986 Tamiami S Trl

      VACANT COMMERCIAL LAND • 1.38 Acres
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    • Value Estimation by Request
      0.17 Acres

      14218 Tamiami Trl

      VACANT COMMERCIAL LAND • 0.17 Acres
      14218 Tamiami Trl, North Port, FL 34287-2264
      View Details

    Similar Nearby for Sale

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      North Port Commercial Land Opportunity

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    • New
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      0.23 Acres

      North Port Land For Sale

      Land in up and coming North Port, close to amenities.
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      Waterfront Commercial Land Opportunity

      Prime commercial land with waterfront setting and Tamiami Trail frontage.
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    Similar Nearby for Lease

    • $2 SF/Yr

      Retail Outparcel on Tamiami Trail

      1.14 acre retail outparcel with high traffic exposure.
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      View Details
    • $20 SF/Yr
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      Prime North Port Office Suites

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      High-End Office Space Available

      Meticulously maintained office building with high-end finishes, shell space.
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    • $21 SF/Yr
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      Prime Commercial Space in North Port

      Versatile commercial space in a rapidly growing area.
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    • $20 SF/Yr
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      North Port Office Building For Sale

      Executive & Medical Suites Available in North Port, FL
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    • $18 SF/Yr
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      North Port Medical Office for Lease

      Modern, move-in ready medical suites in prime location.
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      View Details
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    North Port, FL 34287-2717
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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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