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    7414 Tamiami Trl Sarasota, FL 34231-7006
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    Property profile & analytics

    7414 Tamiami Trl, Sarasota, FL 34231-7006

    View on Map
    • Specialty properties
    • 13,092 SF
    • 1.07 lot acres
    Off-Market
    Last Sale May 26, 2021
    $3,262,500
    Property ID
    US18-5818164
    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
    $3,545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BluePearl Pet Hospital / Veterinary Clinic

    Property Details for 7414 Tamiami Trl

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.07 lot acres
    Zone code
    CG
    Property type
    Specialty properties
    APN
    0112-04-0030
    APU
    112040030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 26, 2021 $3,262,500 7414 S Tamiami Trail Property LLC Jackson Kai Enterprises INC Warranty Deed —
    Jan 27, 2011 $975,000 Jackson Kai Enterprises INC Taymorg LLC Warranty Deed $653k · Florida Shores Bank Southwest
    May 12, 2008 — Taymorg LLC — Trustees Deed · related $1.5M · First State Bank
    Nov 1, 2004 $1,840,000 Taymorg LLC Pasler Corp Warranty Deed $1.5M · First State Bank
    — — Jackson Kai Ents INC — Deed Of Trust · related $11k · Sarasota County
    — — Jackson Kai Ents INC — Deed Of Trust · related $804k · Florida Shores Bank
    — — Jackson Kai Ents INC — Deed Of Trust · related $8k · Sarasota County
    — — Gulfcoast Busn Fin INC — Deed Of Trust · related $976k · Stonegate Bk
    — — Jk Investments Of Lwr LLC — Deed Of Trust · related $2.5M · Cadence Bk NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,710,000
      ML approach
      $4,805,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,045,000
      AUTO REPAIR, GARAGE
      $3,660,000
      OFFICE BUILDING
      $3,325,000
      MEDICAL BUILDING
      $3,110,000
      RESTAURANT
      $2,665,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,610,000
      RETAIL STORES
      $2,555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5125
    Latitude
    27.2469
    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
    $36,452
    $1,077,200
    $1,616,000
    $2,693,200
    -
    $1,077,200
    $1,616,000
    $2,693,200

    Comparable in this City

    • Value Estimation
      $585,000
      7,872 SF

      7454 Tamiami Trl

      CREMATORIUM, MORTUARY
      7454 Tamiami Trl, Sarasota, FL 34231-7006
      View Details
    • Value Estimation
      $515,000
      4,628 SF

      6903 Tamiami Trl

      CREMATORIUM, MORTUARY
      6903 Tamiami Trl, Sarasota, FL 34231-5605
      View Details
    • Value Estimation by Request
      2,491 SF

      2926 Wilkinson Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2926 Wilkinson Rd, Sarasota, FL 34231-2802
      View Details
    • Value Estimation
      $775,000
      2,696 SF

      7005 Tamiami Trl

      VETERINARY, ANIMAL HOSPITAL
      7005 Tamiami Trl, Sarasota, FL 34231-5501
      View Details
    • Value Estimation by Request
      3,060 SF

      3240 Gulf Gate Dr

      VETERINARY, ANIMAL HOSPITAL
      3240 Gulf Gate Dr, Sarasota, FL 34231-2404
      View Details
    • Value Estimation
      $1,470,000
      4,704 SF

      5750 Swift Rd

      CREMATORIUM, MORTUARY
      5750 Swift Rd, Sarasota, FL 34231-6214
      View Details

    Similar Nearby for Sale

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      Entitled commercial land ideal for office, medical, daycare, and more.
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      872 SF

      Updated Condo Near Siesta Key

      Affordable, updated 2-bedroom condo in a 55+ Sarasota community.
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      Professional Office Park Condominium

      Divisible commercial condominium in a professional office park setting.
      7085-7085 S Tamiami Trl, Sarasota, FL 34231
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      1,525 SF

      Completely Redone Condo in Sarasota

      Serene condo with two balconies in a gated community.
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    • $899,000
      0.85 Acres

      Waterfront Estate Lot on Phillippi Creek

      Rare .86 acre waterfront lot near downtown Sarasota.
      4407 S Shade Ave, Sarasota, FL 34231
      View Details
    • $225,000
      0.16 Acres

      Cleared Lot in Ridge Wood Heights

      Build-ready lot near Siesta Key and UTC Mall.
      22 Camphor Ave, Sarasota, FL 34231
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,531 SF

      Sarasota Retail Space for Lease

      Prime Sarasota location, 2,531 sq ft, high traffic.
      3155 Clark Rd, Sarasota, FL 34231
      View Details
    • Contact for pricing
      1,484 SF

      Retail Space on Tamiami Trail

      Retail space available in Sarasota near Siesta Key.
      6583-1 South Tamiami Trl, Sarasota, FL 34231
      View Details
    • Contact for pricing
      4,060 SF

      Retail Space on Tamiami Trail

      Commercial space for lease with high visibility and ample parking.
      5211 S Tamiami Trl, Sarasota, FL 34231
      View Details
    • $34 SF/Yr

      Office Space Available For Lease

      Office space available for lease in Sarasota, Florida.
      4837 Swift Rd, Sarasota, FL 34231
      View Details
    • $21 SF/Yr

      Retail Space on US-41

      Highly visible 1,869 SF retail space on US-41.
      7500 S Tamiami Trl, Sarasota, FL 34231
      View Details
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    Sarasota, FL 34231-7006
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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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