Technical
Financial
Distress signals
Property profile

6131 Tamiami Trl Sarasota, FL 34231

OFF-MARKET
Turn key restaurants
Property ID
US18-4977584
5,529 SF 1.1 ac lot Built 1976
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,529 square foot freestanding retail building is situated on 1.1 acres of land in Sarasota, Florida, at 6131 S Tamiami Trl, zip code 34231. The property boasts a Class A designation and is zoned CG (Commercial General), allowing for diverse uses including retail, restaurant, medical, and office spaces. Recently repainted, the building enjoys high visibility due to its location on US41, just north of the Siesta Key gateway, benefiting from an impressive 48,000 average daily traffic count (AADT). The large lot (approximately 150' x 433') provides ample parking for 81 vehicles. A prominent pylon sign on US41 ensures excellent brand visibility. The building's former use as a restaurant makes it easily adaptable, potentially qualifying for a 4COP SFS full liquor license. Its proximity to the upcoming Siesta Promenade further enhances its investment potential. The surrounding area features a vibrant commercial economy with a mix of retail, dining, and healthcare services, attracting both local residents and tourists. This prime location offers a supportive business environment and excellent opportunities for long-term success. The property's size, location, and zoning flexibility make it an ideal investment for a variety of businesses seeking high visibility and a strong customer base in a thriving Sarasota commercial corridor. APN: 0103110019.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1976
Total area 5,529 SF
Lot 1.1 ac (47,916 SF)
Zoning code CG
APN 0103-11-0019
UPID US18-4977584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6131 Tamiami Trl Sarasota, FL 34231-4028
Sarasota metro Census 1805 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.69M
Blend (final) Blend
$2.16M

Owner & transaction history

since 2022
Last sale
$1.6M
2 recorded transactions
2022
$1.6M
2022
Price N/A

Zoning & alternative use

CG · Sarasota, FL
Zoning description

The intent and purpose of the CG district is to permit medium scale commercial facilities and to facilitate their proper development and use

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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