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Property profile & analytics
OFF-MARKET Estimated value $650,000
Strip malls

700 Tamiami N Trl Nokomis, FL 34275-2139

2,912 SF 0.7 ac lot Built 1978
Entity Owned 7-yr Hold Free & Clear
Property ID
US18-5609386
Property summary
AI-generated overview

This exceptional free-standing retail building, located at 700 N Tamiami Trl in Nokomis, Florida, presents a compelling investment opportunity. Boasting 4,051 square feet situated on a spacious 30,699 square foot lot, this property offers significant potential for a variety of businesses. The building features two separate units, providing flexibility for multiple tenants or a single operator seeking expansive space. A highly desirable drive-thru adds significant convenience and appeal, enhancing operational efficiency and customer experience. Its prime corner lot location on US-41 ensures high visibility and easy access, maximizing exposure to a substantial customer base. Ample parking is available, catering to the needs of both tenants and patrons. Built in 1978, the property is zoned CG and has the Sarasota County APN 0170100018. The asking price is $1,400,000, translating to $345.59 per square foot. This property's combination of location, features, and size makes it an ideal investment for discerning buyers seeking a strong return on investment in a thriving market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,912 SF
Lot 0.7 ac (30,699 SF)
Zoning code CG
APN 0170-10-0018
UPID US18-5609386
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
Current use
Occupant on record · Public records
  • Venetian Cleaners (Bike/Boat/Book/etc) Store
  • Paradise Massage Spa Alternative Medicine Practice Spa & Massage Center
  • Venice Gulf Coast Living Magazine Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$795k
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k
Owner & transaction history
Rowco Holdings LLC · 7 yrs held
Rowco Holdings LLC
since 2019
3 recorded transactions
2019
$265,900
2016
Price N/A
1999
$210,000
Zoning & alternative use
CG · Nokomis, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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