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Property profile & analytics
FOR LEASE
Strip malls
4141 S Tamiami Trl, Sarasota, FL 34231
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US18-5236975
For Lease
1 / 10
$35 SF/Yr
4141 S Tamiami Trl, Sarasota, FL 34231
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Property summary
AI-generated overview
This fully equipped restaurant in Sarasota, Florida presents a fantastic investment opportunity. Located at 4141 S Tamiami Trl, Sarasota, FL 34231, this single-tenant property boasts 3,250 square feet of space, ideal for continued operation or creative reimagining. The asking price is $150,000. The current lease agreement is a five-year term with a five-year option, providing excellent long-term stability. Monthly rent is $5,150 gross. The property is situated in Sarasota County and benefits from its established location and high visibility along Tamiami Trail. All existing restaurant equipment is included in the sale price, making this a truly turnkey operation. This is a rare chance to acquire a profitable, established business with significant growth potential in a thriving Florida market. The property's prime location ensures high foot traffic and easy access for customers. Serious inquiries are encouraged to explore this exceptional opportunity further. Financial details and lease specifics are available upon request.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,280 SF
Lot
2.32 ac (101,056 SF)
Zoning code
ICD
APN
0074-12-0039
UPID
US18-5236975
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
-
Crosley Wedding Showcase Wedding Service Event Planning
-
Nails 41 Nail Salon
-
Hurricane Computers of Saras Electronics & Wireless Store
-
Sarasota Weddings Wedding Service Event Planning
-
Sarasota Colorist Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.45M
CAP Approach
CAP
$9.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.30M
Owner & transaction history
Chilis Plaza Of Sarasota Ltd · 26 yrs held
Chilis Plaza Of Sarasota Ltd
since 2000
Last sale
$8.9M
3 recorded transactions
Zoning & alternative use
ICD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota 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
$9,920,000
ML approach
$9,450,000
CAP Approach
CAP Return
Estimation
6%
$10,105,000
6.5%
$9,330,000
7%
$8,665,000
Blend value · Realmo final
$9.30M
Range $8.37M – $10.23M · ±10% · vs last sale $8.90M (Mar 26 2025)
Last sale anchor
$8.90M
Mar 26 2025
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
$271 / 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
$86,304
Tax year 2023
Assessed value
$5,749,500
Assessed 2023
Previous assessed
$4,256,800
+35.1% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,340,100
Assessed improvement
$3,409,400
Land market value
$2,340,100
Improvement market value
$3,409,400
Total market value
$5,749,500
Applied tax rate
200.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
29
Bathrooms
20
Total area
34,280 SF
Lot
2.32 ac (101,056 SF)
Zoning code
ICD
APN
0074-12-0039
UPID
US18-5236975
Jurisdiction
SARASOTA
Zoning & alternative use
ICD · Sarasota, FL
Zoning ICD · permitted uses
ICD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
29
Bathrooms
20
Lot
2.32 ac
Current owner
From public records · entity-resolved
Chilis Plaza Of Sarasota Ltd
Individual
Mailing address
PO BOX 18419, SARASOTA, FL 34276-1419
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2000
$5,200,000
Chilis Plaza Of Sarasota Ltd
Racquet Club Plaza Associates
Grant Deed
$3,950,000 · Gmac Commercial Mortgage Corp
—
—
C Plaza Of Sarasota Ltd
—
Deed Of Trust
related
$3,900,000 · C-iii Commercial Mtg LLC
—
—
Daniel D Horsley
—
Deed Of Trust
related
$18,517 · Citifinancial Equity Svcs INC
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.
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