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Property profile & analytics
OFF-MARKET Estimated value $1,360,000
Office buildings

8490 Tamiami Trl Sarasota, FL 34243-2014

330 SF 0.73 ac lot Built 1958
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-4772736
Property summary
AI-generated overview

This exceptional 3,400 square foot retail space, located at 8490 S Tamiami Trail in Sarasota, Florida, presents a unique investment opportunity. Situated on the second floor of a larger building, this fully renovated unit is currently operating as a private gym and includes all equipment and machines as part of the lease. The space boasts excellent visibility due to its Tamiami Trail frontage and benefits from ample parking, a significant advantage for a fitness-oriented business. The zoning is CG (Commercial General), allowing for a variety of uses. The building itself totals 10,632 square feet and is located in Sarasota County. The property features two restrooms and a small office, adding to its functionality and appeal. The current owner, a well-known figure in the bodybuilding community, will remain on-site for a short period providing personal training services. This presents a potential for synergy and established clientele. This turnkey operation offers immediate income potential and is ready for a new owner to step in and continue the success. The ample parking, including the ability to utilize the parking lot for weightlifting activities, is a key differentiator. This is a rare opportunity to acquire a fully equipped and operational gym in a high-traffic location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1958
Construction TYPE NOT SPECIFIED
Total area 330 SF
Lot 0.73 ac (31,864 SF)
Zoning code GC
APN 68321.0000-9
UPID US18-4772736
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
  • Hargarther Tax Advisory Tax Preparation
  • Sarasota Gutter Cleaning Crew Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.36M
Owner & transaction history
Billy T Masila · 2 yrs held
Billy T Masila
since 2024
Last sale
$1.3M
6 recorded transactions
2024
Price N/A
2023
$1.3M
2006
$1.5M
2006
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
GC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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