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

    2438 Laurel E Rd Nokomis, FL 34275-3204

    • Strip malls
    • 45,600 SF
    • 9.31 lot acres
    OFF-MARKET
    Value Estimations
    $8,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7796879
    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

    • Publix Super Market at Plaza Venezia / Grocery Store / Seafood Market
    • City National Bank - Presto ATM / Bank / Atm
    • Western Union / Money Transfer Service
    • higi / Medical Clinic
    • Publix Pharmacy at Plaza Venezia / Pharmacy / Medical Center

    Property Details for 2438 Laurel E Rd

    Year built
    2013
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.31 lot acres
    Property size
    45,600 SF
    Zone code
    LW
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0385-01-0016
    APU
    385010016

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,445,000
      6.5%
      $12,410,000
      7%
      $11,525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nokomis
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4193
    Latitude
    27.1362
    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
    $172,816
    $3,049,200
    $8,309,800
    $11,359,000
    -
    $3,049,200
    $8,309,800
    $11,359,000

    Comparable in this City

    • Value Estimation
      $885,000
      4,272 SF

      1200 Tamiami N Trl

      SHOPPING CENTER, STRIP CENTER • 4,272 SF
      1200 Tamiami N Trl, Nokomis, FL 34275-1515
      View Details
    • Value Estimation
      $3,475,000
      11,120 SF

      619 Tamiami N Trl

      SHOPPING CENTER, STRIP CENTER • 11,120 SF
      619 Tamiami N Trl, Nokomis, FL 34275-2177
      View Details
    • Value Estimation
      $650,000
      2,912 SF

      700 Tamiami N Trl

      SHOPPING CENTER, STRIP CENTER • 2,912 SF
      700 Tamiami N Trl, Nokomis, FL 34275-2139
      View Details
    • Value Estimation
      $3,010,000
      12,946 SF

      3520 Laurel E Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 12,946 SF
      3520 Laurel E Rd, North Venice, FL 34275-3269
      View Details
    • Value Estimation
      $2,185,000
      7,513 SF

      360 Laurel E Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,513 SF
      360 Laurel E Rd, Nokomis, FL 34275
      View Details
    • Value Estimation
      $1,245,000
      7,237 SF

      820 Albee W Rd

      MINI-MALL • 7,237 SF
      820 Albee W Rd, Nokomis, FL 34275-2535
      View Details

    Similar Nearby for Sale

    • $4,000,000
      11,820 SF

      1000 Tamiami Trl

      Individual retail properties • 11,820 SF
      1000 Tamiami Trl, Nokomis, FL 34275
      View Details
    • $1,350,000
      Pending

      Prime Nokomis Mixed-Use Corner Lot

      Commercial property in a prime location with versatile space.
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      Turn-key restaurant with full liquor license on US-41.
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    • $1,400,000
      2.51 Acres

      Nokomis Land on Tamiami Trail

      2.5 acre lot on Tamiami Trail, Nokomis, Florida.
      2099 Tamiami Trl N, Nokomis, FL 34275
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    • Contact for pricing
      1.12 Acres

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      Nokomis Mixed-Use Corner Property

      Versatile property with commercial space and income-generating residential units.
      901-903 S Tamiami Trl, Nokomis, FL 34275
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    Similar Nearby for Lease

    • Contact for pricing
      6,227 SF

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      Highly visible retail site in a rapidly growing community.
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      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a busy, redeveloped shopping center.
      997 N Tamiami Trl, Nokomis, FL 34275
      View Details
    • $16 SF/Yr
      4,036 SF

      Retail Space in Nokomis Center

      Retail space available in a Publix-anchored shopping center.
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      View Details
    • $25 SF/Yr
      2,400 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Nokomis, Florida, near Interstate-75.
      2444-2466 Laurel Rd E, Nokomis, FL 34275
      View Details
    • $535,000
      1,974 SF

      Nokomis Retail Space Available

      Retail space featuring a reception area and large open area.
      3469 Precision Dr, Nokomis, FL 34275
      View Details
    • $26 SF/Yr
      46,000 SF

      Coastal Wellness Center: Nokomis Medical Office

      Class A medical office space, Nokomis, FL.
      1200 Tamiami Trl, Nokomis, FL 34275
      View Details
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    Nokomis, FL 34275-3204
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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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