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    Property profile & analytics
    OFF-MARKET Estimated value $18,000,000
    Super regional malls

    8201 Tamiami Trl, Sarasota, FL 34238-2966

    113,078 SF 11.92 ac lot Built 1977
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US18-5981634
    Property summary
    AI-generated overview

    Sarasota Square, located at 8201 S Tamiami Trail in Sarasota, Florida (zip code 34238), presents a significant retail investment opportunity. This established shopping center boasts a total of 513,593 square feet of retail space, currently featuring multiple tenants. The property offers a substantial amount of parking with 3,301 spaces available for customers and employees. Currently, there is approximately 1 square foot of vacant space, however, the property is undergoing a major mixed-use redevelopment project, creating exciting opportunities for new tenants. Restaurant parcels and significant anchor spaces are available for lease, providing a unique chance to establish a presence in a high-traffic area. Available spaces range from 1,551 square feet to 14,805 square feet, catering to a variety of business needs and sizes. The center is situated in Sarasota County, Florida, benefiting from the area's strong economy and growing population. This redevelopment project promises to revitalize the center, attracting even more customers and enhancing the overall shopping experience. The property's prime location and upcoming improvements make it an exceptional investment prospect for discerning businesses seeking a prominent presence in the thriving Sarasota market. Contact us today to learn more about leasing opportunities within this dynamic retail center.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1977
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 113,078 SF
    Lot 11.92 ac (519,048 SF)
    Zoning code CG
    APN 0123-11-0004
    UPID US18-5981634
    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
    • Costco Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
    • Gulfside Elevator & Cab Interiors, LLC General Contractor Construction Company
    • Beauty Crew SRQ Hair Salon Nail Salon
    • Costco Vision Center Ophthalmologist (Bike/Boat/Book/etc) Store
    • LA Nails Too Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $18.00M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $23.79M
    Blend (final) Blend
    $18.00M
    Owner & transaction history
    Penney Property Sub Holdings LLC · 1 yrs held
    Penney Property Sub Holdings LLC
    since 2024
    Last sale
    $18.0M
    3 recorded transactions
    2024
    2021
    $526,903
    2013
    Zoning & alternative use
    CG · Sarasota, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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