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

    3498 Laurel E Rd North Venice, FL 34275-3268

    • Commercial land
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6358752
    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

    • Reliable Pool LLC / Swimming Pool Contractor
    • Bad To the Bone Taxidermy / Fishing Charter / Hunting Club

    Property Details for 3498 Laurel E Rd

    Lot size
    1.56 lot acres
    Zone code
    LE
    Property type
    Commercial land
    APN
    0387-01-0010
    APU
    387010010

    Description

    This exceptional 2.58-acre commercial land parcel presents a prime development opportunity in the rapidly growing Nokomis, Florida market. Located at the signalized intersection of Laurel Road and Knights Trail, this property boasts 560 feet of frontage and offers unparalleled visibility and accessibility. Its strategic location is just 0.25 miles from I-75, providing convenient access to major transportation routes. The site is situated within a thriving residential area, with over 6,700 planned housing units nearby, ensuring a robust customer base. Furthermore, the property's proximity to a new, large Sarasota Memorial Hospital campus (less than a mile away) and significant employment centers like PGT (2,800+ employees) and Tervis (680+ employees) creates a high-demand location for commercial development. The land is currently vacant and commercially zoned, ready for immediate development. The site is rough-graded and ready for delivery, minimizing upfront development costs. This property represents a unique chance to capitalize on the explosive growth in this area and establish a successful commercial venture. The Knights Trail extension will further enhance connectivity and accessibility, solidifying this location as a key commercial hub. This is a rare opportunity to secure a prominent position in a booming market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4017
    Latitude
    27.1366
    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
    $17,499
    $1,150,200
    $0.00
    $1,150,200
    -
    $1,150,200
    $0.00
    $1,150,200

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      216 Albee E Rd

      VACANT COMMERCIAL LAND • 0.25 Acres
      216 Albee E Rd, Nokomis, FL 34275
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    • Value Estimation by Request
      1.44 Acres

      Laurel E Rd

      VACANT COMMERCIAL LAND • 1.44 Acres
      Laurel E Rd, Nokomis, FL 34275
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    • Value Estimation by Request
      7.20 Acres

      400 Sunshine Dr

      VACANT COMMERCIAL LAND • 7.20 Acres
      400 Sunshine Dr, Nokomis, FL 34275
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      0.88 Acres

      845 Tamiami N Trl

      VACANT COMMERCIAL LAND • 0.88 Acres
      845 Tamiami N Trl, Nokomis, FL 34275-2487
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    • Value Estimation by Request
      2.05 Acres

      200 Tamiami N Trl

      VACANT COMMERCIAL LAND • 920 SF
      200 Tamiami N Trl, Nokomis, FL 34275
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    • Value Estimation
      $660,000
      0.80 Acres

      203 Serano Way

      VACANT COMMERCIAL LAND • 0.80 Acres
      203 Serano Way, Nokomis, FL 34275-5201
      View Details

    Similar Nearby for Sale

    • $495,000
      7,704 SF

      Commercial Land Near Laurel Road

      Commercial land for sale near I-75 and Laurel Road.
      2479 Precision Dr, Nokomis, FL 34275
      View Details
    • $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
      2 SF

      2.62 Acres on Knight's Trail

      2.62 acres on Knight's Trail in Nokomis, Florida.
      Trl Knight's, Nokomis, FL 34275
      View Details
    • $1,400,000

      Development Opportunity in Laurel Road

      5-acre land parcel in rapidly growing Laurel Road corridor.
      3530 Laurel Rd E A, Nokomis, FL 34275
      View Details
    • $99,000
      0.20 Acres

      Nokomis Land Lot For Sale

      Versatile 0.20-acre lot near I-75, Venice, and Nokomis Beach.
      Kenwood Ave, Nokomis, FL 34275
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    • $260,000
      0.50 Acres

      Nokomis Multifamily Zoned Land

      Residential multifamily-zoned lots near beaches and downtown Venice.
      Ln Palma, Nokomis, FL 34275
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      38,531 SF

      Nokomis Commercial Land For Rent

      Commercial land for rent with high-traffic frontage on Tamiami Trail.
      831 Tamiami Trl N, Nokomis, FL 34275
      View Details
    • Contact for pricing
      2 SF

      Nokomis Land for Lease

      2.62 acres available for ground lease in Nokomis.
      Trl Knight's, Nokomis, FL 34275
      View Details
    • Contact for pricing

      Nokomis Residential Land Parcel

      Vacant lot, prime Nokomis location.
      0 Laurel Rd, Nokomis, FL 34275
      View Details
    • Contact for pricing
      250,034 SF

      Prime Sarasota County Land

      Retail/Medical/Office Development Opportunity
      0 Rio Limpio Ln, Nokomis, FL 34275
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    • Contact for pricing
      14,468 SF

      Nokomis Medical Office Opportunity

      Prime Medical Office Building - South Sarasota
      498 Tamiami Trl, Nokomis, FL 34275
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    • Contact for pricing
      54,189 SF

      Nokomis Industrial Facility For Lease

      54,189± SF industrial facility perfect for manufacturing/distribution.
      201 Triple Diamond Blvd, Nokomis, FL 34275
      View Details
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    3498 Laurel E Rd
    North Venice, FL 34275-3268
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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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