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

    509 S Tamiami Trl, Osprey, FL 34229

    View on Map
    • Commercial land
    • 1,287 SF
    • 1.74 lot acres
    For Sale
    $1,725,000
    View Listing →
    Osprey Land with US-41 Frontage For Sale
    $1,725,000
    1.74 Acres

    Osprey Land with US-41 Frontage

    1.74 acre vacant site with direct US-41 frontage.

    509 S Tamiami Trail, Osprey, FL 34229
    View Listing
    Property ID
    US18-5331832
    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
    2.2%
    Commercial land
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 509 S Tamiami Trl

    Year built
    1942
    Lot size
    1.74 lot acres
    Zone code
    OPI
    Property type
    Commercial land
    APN
    0148-02-0027
    APU
    148020027

    Description

    This exceptional 1.74-acre vacant commercial land parcel presents a remarkable investment opportunity. Located at 509 S Tamiami Trail in Osprey, Florida (zip code 34229), this property boasts prime US-41 frontage, exposing your future development to over 40,000 vehicles daily. The site is zoned OPI (Office, Professional, and Institutional) in Sarasota County, with APN 0148020027. Site plan application is complete, and the property is in the final stages of permitting for construction, streamlining the development process. Its strategic location offers convenient access to I-75 within 10 minutes, placing your business within easy reach of Sarasota and Venice, as well as the desirable Casey Key via the Blackburn Point Bridge. The asking price for this high-traffic, ready-to-develop site is $1,890,000. This property is ideal for professional offices or medical facilities seeking high visibility and convenient access to major transportation arteries and thriving communities. Don't miss this chance to capitalize on this exceptional location and build your dream project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,140,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $665,000
      Market price range: $179k - $665k

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

    Location Insight

    • Map
    • Local Demand
    City
    Osprey
    County
    Sarasota
    State
    Florida
    Longitude
    -82.486
    Latitude
    27.1887
    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
    $8,632
    $744,000
    $0.00
    $744,000
    -
    $744,000
    $0.00
    $744,000

    Comparable in this City

    • Value Estimation by Request
      0.52 Acres

      1650 Tamiami Trl

      VACANT COMMERCIAL LAND
      1650 Tamiami Trl, Osprey, FL 34229-9143
      View Details
    • Value Estimation
      $2,210,000
      4.90 Acres

      1265 Tamiami Trl

      VACANT COMMERCIAL LAND
      1265 Tamiami Trl, Osprey, FL 34229-9109
      View Details
    • Value Estimation by Request
      0.85 Acres

      1022 Tamiami Trl

      VACANT COMMERCIAL LAND
      1022 Tamiami Trl, Osprey, FL 34229
      View Details
    • Value Estimation
      $995,000
      0.27 Acres

      35 Washington Ave

      VACANT COMMERCIAL LAND
      35 Washington Ave, Osprey, FL 34229
      View Details
    • Value Estimation by Request
      8.15 Acres

      3988 Destination Dr

      VACANT COMMERCIAL LAND
      3988 Destination Dr, Osprey, FL 34229-9506
      View Details
    • Value Estimation
      $2,325,000
      1.03 Acres

      295 Tamiami Trl

      VACANT COMMERCIAL LAND
      295 Tamiami Trl, Osprey, FL 34229
      View Details

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      Osprey Land with US-41 Frontage

      1.74 acre vacant site with direct US-41 frontage.
      509 S Tamiami Trl, Osprey, FL 34229
      View Details
    • $2,950,000

      Prime Retail Location on Trail

      Commercial land for retail shopping center with out-parcels.
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    Similar Nearby for Lease

    • Contact for pricing

      1.4 AC Build to Suit

      1.4 AC build to suit opportunity in Venice, Florida.
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      1,600 SF

      Furnished Office Space Available

      Furnished office space in the Osprey area for lease.
      2113 S Tamiami Trl, Venice, FL 34229
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      Turn-key office/retail space in a thriving commercial setting.
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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
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    • Contact for pricing
      1,750 SF

      Osprey Retail/Office Condo For Rent

      Renovated 1,750 SF condo with flexible floor plan.
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    • $90,000

      Move-In Ready Osprey Office Space

      Newly built-out, fully furnished office in Baystreet Village, Osprey.
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      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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