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    428 S Tamiami Trl Osprey, FL 34229
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    Property profile & analytics

    428 S Tamiami Trl, Osprey, FL 34229

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    • Warehouses
    • 1,200 SF
    • 0.18 lot acres
    For Sale
    $397,800
    View Listing →
    Osprey Office Condo For Sale For Sale
    $397,800
    1,300 SF

    Osprey Office Condo For Sale

    Professionally built-out office condo with convenient US-41 access.

    428 S TAMIAMI TRAIL, Osprey, FL 34229
    View Listing
    Property ID
    US18-3622920
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RE/MAX Platinum Realty - Osprey Office / Real Estate Agency
    • Platinum Title Florida / Title Company
    • Kimberly Eudy, RE/MAX PLATINUM REALTY / Real Estate Agency
    • Guentner Bryan / Real Estate Agency
    • Deanne Chambers-Robinson Electronics Store / Electronics & Wireless Store

    Property Details for 428 S Tamiami Trl

    Year built
    1957
    Lot size
    0.18 lot acres
    Zone code
    CG
    Property type
    Warehouses
    APN
    0143-02-0007
    APU
    143020007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2023 — Osprey Holdings Group LLC — Deed · related $298k · South State Bank NA
    Oct 5, 2022 $753,300 440 Tamiami LLC Bullseye Legacy Corp A Florida Corp Warranty Deed —
    Sep 21, 2020 $800,000 Bullseye Legacy Corp Robert J Leland Warranty Deed $765k · Live Oak Banking Company
    Mar 8, 2017 — Osprey Holdings Group LLC — Deed · related $210k · Insignia Bank
    Apr 21, 2014 $50,000 Robert J Leland Barberio,allan J Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $905,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,000,000
      NEIGHBORHOOD: SHOPPING CENTER
      $540,000
      AUTO REPAIR, GARAGE
      $510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Osprey
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4899
    Latitude
    27.2029
    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
    $3,217
    $157,000
    $69,600
    $226,600
    -
    $157,000
    $69,600
    $226,600

    Comparable in this City

    • Value Estimation
      $835,000
      1,120 SF

      440 Tamiami Trl

      WAREHOUSE, STORAGE
      440 Tamiami Trl, Osprey, FL 34229-9312
      View Details
    • Value Estimation
      $9,155,000
      95,124 SF

      626 Tamiami Trl

      MINI-WAREHOUSE, STORAGE
      626 Tamiami Trl, Osprey, FL 34229-9216
      View Details
    • Value Estimation
      $10,645,000
      68,448 SF

      660 Tamiami Trl

      MINI-WAREHOUSE, STORAGE
      660 Tamiami Trl, Osprey, FL 34229-9216
      View Details
    • Value Estimation by Request
      3.11 Acres

      Honore Ave

      WASTE DISPOSAL, SEWAGE
      Honore Ave, Osprey, FL 34229
      View Details
    • Value Estimation by Request
      0.49 Acres

      103 Burney Rd

      WASTE DISPOSAL, SEWAGE
      103 Burney Rd, Osprey, FL 34229-9441
      View Details
    • Value Estimation
      $8,790,000
      47,835 SF

      1230 Tamiami Trl

      MINI-MALL
      1230 Tamiami Trl, Osprey, FL 34229-9692
      View Details

    Similar Nearby for Sale

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      1 SF

      Osprey Mixed-Use Development Opportunity

      2.5-acre lot on Tamiami Trail, ideal for mixed-use development.
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      Prime Retail Location on Trail

      Commercial land for sale in a prime retail location.
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      Osprey Gulf Front Development Opportunity

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      182,100 SF

      Osprey Development Site on Tamiami

      4-acre cleared development site with high visibility and traffic.
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      Osprey Land with US-41 Frontage

      1.74 acre vacant site with direct US-41 frontage.
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      Pending

      Osprey Office Condo For Sale

      Professionally built-out office condo with convenient US-41 access.
      428 S Tamiami Trl, Osprey, FL 34229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Furnished Office Space Available

      Furnished office space in the Osprey area for lease.
      2113 S Tamiami Trl, Venice, FL 34229
      View Details
    • $30,000

      High-End Office/Retail Condominium

      Turn-key office/retail space in a thriving commercial setting.
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      1.4 AC Build to Suit

      1.4 AC build to suit opportunity in Venice, Florida.
      710 S Tamiami Trl, Osprey, FL 34229
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    • Contact for pricing
      4,000 SF

      Osprey Office/Medical Shell Space

      Shell space ready for buildout in growing Osprey, Florida.
      1449 S Tamiami Trl, Osprey, FL 34229
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    • $2,963,760

      Osprey Retail/Office Space For Lease

      Commercial lease opportunity on Tamiami Trail, Osprey. High visibility.
      436 S Tamiami Trl, Osprey, FL 34229
      View Details
    • Contact for pricing
      1,750 SF

      Osprey Retail/Office Condo For Rent

      Renovated 1,750 SF condo with flexible floor plan.
      824-862 S Tamiami Trl, Osprey, FL 34229
      View Details
    View Listing
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    Osprey, FL 34229
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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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