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    Property profile & analytics
    OFF-MARKET Estimated value $760,000
    Commercial land

    498 Tamiami S Trl, Nokomis, FL 34275

    1 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US18-3974781
    Property summary
    AI-generated overview

    This exceptional three-story medical office building, totaling 14,468 square feet, presents a unique investment opportunity in the thriving South Sarasota/Nokomis, Florida market. Located on a one-acre lot with 68 parking spaces, this Class B property boasts unparalleled visibility and accessibility along Tamiami Trail. Currently under development, with an estimated completion in the fourth quarter of 2024, this single-tenant building is zoned CG (Commercial General). Its strategic location capitalizes on the increased demand for medical services driven by the proximity to Sarasota Memorial Hospital and the former Gulf Coast Medical Group Hospital, both within two miles. The developer is offering attractive tenant improvement packages for qualified end-users, allowing for customization to perfectly suit your specific needs. This is a rare chance to establish a prominent medical practice in a high-growth area with excellent demographics and convenient access for patients. The building offers a significant footprint and ample parking, ensuring a comfortable and efficient experience for both staff and clients. Don't miss this chance to secure your place in this burgeoning medical hub. This property is situated in Sarasota County.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1 ac (43,349 SF)
    Zoning code CG
    APN 0172-08-0020
    UPID US18-3974781
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $870k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $760k
    Owner & transaction history
    Noto Home Development LLC · 4 yrs held
    Noto Home Development LLC
    since 2021
    Last sale
    $675,000
    3 recorded transactions
    2021
    $675,000
    2009
    $750,000
    2006
    $700,000
    Zoning & alternative use
    CG · Nokomis, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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