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Property profile & analytics
OFF-MARKET
Estimated value
$5,850,000
Retail space
221 Tamiami S Trl Nokomis, FL 34275-3148
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3977971
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,432 SF
Lot
2.13 ac (92,600 SF)
Zoning code
CG
APN
0171-16-0008
UPID
US18-3977971
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
-
Furbaby Pet Services Kennel & Boarding Facility
-
Sarasota Paint - Nokomis Hardware & Home Improvement Building Supply
-
Benjamin Moore Sarasota Paint Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.63M
Comparable Approach
Comparable
$7.44M
Blend (final)
Blend
$5.85M
Owner & transaction history
51 Broad Avenue LLC · 9 yrs held
51 Broad Avenue LLC
since 2017
4 recorded transactions
Zoning & alternative use
CG · Nokomis, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.0M
+8.9%
Office building
$8.6M
+4.1%
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%
$6,100,000
6.5%
$5,630,000
7%
$5,230,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,260,000
Current use
MEDICAL BUILDING
$8,995,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$8,600,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$5.85M
Range $5.27M – $6.44M · ±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
$250 / 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
$36,820
Tax year 2023
Assessed value
$3,449,600
Assessed 2023
Previous assessed
$2,100,200
+64.3% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,314,100
Assessed improvement
$2,135,500
Land market value
$1,314,100
Improvement market value
$2,135,500
Total market value
$3,449,600
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
28
Bathrooms
28
Total area
23,432 SF
Lot
2.13 ac (92,600 SF)
Zoning code
CG
APN
0171-16-0008
UPID
US18-3977971
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Nokomis, FLZoning CG · permitted uses
CG · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.6M
RETAIL STORES Current
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
28
Bathrooms
28
Lot
2.13 ac
Current owner
From public records · entity-resolved
51 Broad Avenue LLC
Entity
Mailing address
452 BAYSHORE DR, VENICE, FL 34285-1411
Ownership since
2017
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
Apr 3, 2017
$1,500,000
51 Broad Avenue LLC
Walking Fortune Cookie LLC
Warranty Deed
—
Jul 13, 2016
$1,000,000
221 Palm Plaza LLC
Palm Square Partners LLC
Warranty Deed
$800,000 · United Community Bank
Jul 20, 2015
—
Sarasota Cnty
Palm Square Partners LLC
Quit Claim Deed
related
—
May 4, 2012
—
Palm Square Partners LLC
Palm Square Partners
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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