Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8401 Tamiami Trl Sarasota, FL 34238-2927
    Property profile & analytics

    8401 Tamiami Trl Sarasota, FL 34238-2927

    View on Map
    • Retail properties & Spaces
    • 112,188 SF
    • 10.74 lot acres
    Off-Market
    Property ID
    US18-3651384
    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
    $16,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • Starbucks / Cafe & Coffee Shop
    • Mary K. Henry, RPh / Pharmacy
    • Louis B. Kolupa, RPh / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 8401 Tamiami Trl

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.74 lot acres
    Property size
    112,188 SF
    Zone code
    CG
    Property type
    Retail properties & Spaces
    APN
    0124-11-0002
    APU
    124110002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,851,000
      Market price range: $9.85M - $38.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4925
    Latitude
    27.2282
    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
    $143,817
    $3,678,200
    $5,578,200
    $9,256,400
    -
    $3,678,200
    $5,578,200
    $9,256,400

    Comparable in this City

    • Value Estimation by Request

      6980 Beneva Rd

      Individual retail properties
      6980 Beneva Rd, Sarasota, FL 34238
      View Details
    • Value Estimation
      $8,130,000
      54,401 SF

      3950 Central Sarasota Pkwy

      DEPARTMENT STORE • 54,401 SF
      3950 Central Sarasota Pkwy, Sarasota, FL 34238-6666
      View Details
    • Value Estimation
      $16,430,000
      111,041 SF

      4020 Central Sarasota Pkwy

      DEPARTMENT STORE • 111,041 SF
      4020 Central Sarasota Pkwy, Sarasota, FL 34238-6692
      View Details
    • Value Estimation by Request
      3,500 SF

      Sarasota Revenue Of $850000

      Restaurants • 3,500 SF
      0 Sarasota Revenue Of $850000, Sarasota, FL 34238
      View Details
    • Value Estimation
      $960,000
      4,956 SF

      8420 Tamiami Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,956 SF
      8420 Tamiami Trl, Sarasota, FL 34238-2936
      View Details
    • Value Estimation
      $765,000
      5,411 SF

      2033 Vamo Way

      RESTAURANT • 5,411 SF
      2033 Vamo Way, Sarasota, FL 34238-3147
      View Details

    Similar Nearby for Sale

    • $300,000
      Pending

      Turnkey Pharmacy in Busy Plaza

      Retail and compounding pharmacy with established customer base and contracts.
      Other City - In The, State Of Florida, FL 34238
      View Details
    • $1,350,000

      Prime Corner Parcel on Tamiami

      Exceptional retail development opportunity in thriving Sarasota area.
      8927 South Tamiami Trl, Sarasota, FL 34238
      View Details
    • $360,000
      1,353 SF

      Updated Villa Near Siesta Key

      Turnkey furnished villa with amenities and income potential.
      3630 White Pine Ct, Sarasota, FL 34238
      View Details
    • $420,000
      Pending

      Updated Condo with Pond Views

      Bright, updated 3-bedroom condo in gated Palmer Ranch community.
      7022 Prosperity Cir, Sarasota, FL 34238
      View Details
    • $429,000
      Pending

      Luxury Garage Condominium in Sarasota

      Private warehouse facility for car collectors and motorsports enthusiasts.
      6562 Palmer Park Cir, Sarasota, FL 34238
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Sarasota Mall

      Retail opportunity in redeveloping Sarasota Square Mall area.
      3950 Central Sarasota Pkwy, Sarasota, FL 34238
      View Details
    • Contact for pricing

      Retail Space Near US 41

      Retail spaces available near Tamiami Trail (US 41).
      3880 Central Sarasota Pkwy, Sarasota, FL 34238
      View Details
    • $27 SF/Yr
      800 SF

      Retail Space Near Tamiami Trail

      Retail space available near Tamiami Trail and Central Sarasota Parkway.
      8409-8599 S Tamiami Trl, Sarasota, FL 34238
      View Details
    • Contact for pricing
      1,610 SF

      Retail Space on Tamiami Trail

      Retail space available for lease on Tamiami Trail.
      8756-8780 S Tamiami Trl, Sarasota, FL 34238
      View Details
    • Contact for pricing
      960 SF

      Office Space Near Clark Road

      Office space for lease with an open layout.
      6146-6146 Clark Center Ave, Sarasota, FL 34238
      View Details
    • Contact for pricing
      759,996 SF

      Tri-Temp Logistics Distribution Center

      First-class distribution center with cold storage in Sarasota, Florida.
      6100 Mcintosh Rd, Sarasota, FL 34238
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8401 Tamiami Trl
    Sarasota, FL 34238-2927
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8401 Tamiami Trl, Sarasota, FL, 34238
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!