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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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