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Property profile & analytics
FOR LEASE
Retail space
997 N Tamiami Trl, Nokomis, FL 34275
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-4670959
For Lease
1 / 3
$1,470,000
997 N Tamiami Trl, Nokomis, FL 34275
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,560 SF
Lot
0.86 ac (37,600 SF)
Zoning code
CG
APN
0170-03-0007
UPID
US18-4670959
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
-
Laurel Auto Glass Replacement & Windshield Repair Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Thecomputerz Computers Computer & Electronic Repair
-
Ronald Barnett: Allstate Insurance Insurance Agency
-
Island Fin Poke Company - Venice/Nokomis Bar & Pub
-
Lam Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.47M
Owner & transaction history
Real Sub LLC · 10 yrs held
Real Sub LLC
since 2015
4 recorded transactions
Zoning & alternative use
CG · Nokomis, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+20.2%
Medical building
$2.1M
+8.9%
Office building
$2.0M
+4.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,960,000
Current use
AUTO REPAIR, GARAGE
$2,355,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$2,135,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$2,040,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$264 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,483
Tax year 2023
Assessed value
$1,209,400
Assessed 2023
Previous assessed
$858,800
+40.8% YoY
Effective rate
1.03%
On assessed value
Assessed land
$612,700
Assessed improvement
$596,700
Land market value
$612,700
Improvement market value
$596,700
Total market value
$1,209,400
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
5,560 SF
Lot
0.86 ac (37,600 SF)
Zoning code
CG
APN
0170-03-0007
UPID
US18-4670959
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Nokomis, FL
Zoning CG · permitted uses
CG · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2015
$19,825,000
Real Sub LLC
Wfs Nokomis LLC
Grant Deed
—
Oct 24, 2011
$9,250,000
Wfs Nokomis LLC
Nokomis Village Associates Ltd
Special Warranty Deed
related
$12,565,000 · Wells Fargo Bank NA
May 24, 2011
—
Nokomis Village Associates Ltd
—
Deed Of Trust
related
$8,046,485 · First Sunamerica Life Ins Co
Sep 2, 1998
$4,800,000
Nokomis Village Assoc Ltd
Whisenhunt,joe D
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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