2650 Tamiami TrlSarasota, FL 34239

Property Details for 2650 Tamiami Trl

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

4,071 SF

Zone code

OPB

Property type

Office properties

Property subtype

Office buildings

APN

2038-16-0018

APU

2038160018

Description

This exceptional 4,207 square foot medical office building is ideally situated on US-41/Tamiami Trail in Sarasota County, boasting high visibility and accessibility with a daily traffic count of 48,000 vehicles. The property features modern architecture and spacious interiors, currently configured as three suites totaling 3,850 rentable square feet, although it can accommodate a single tenant. Suite #1 offers 1,500 square feet with a reception area, six offices, and one restroom. Suite #2 comprises 1,000 square feet, including one office and one restroom. Suite #3 encompasses 1,350 square feet with five offices and two restrooms. Each suite benefits from a separate entrance and electric meter. The building includes 22 parking spaces and features recently updated amenities such as a new roof, new landscaping, and new toilets. The owner is committed to replacing the central AC units. The property's strategic location offers unparalleled convenience, less than one mile from Sarasota Memorial Hospital and two miles from downtown Sarasota and the courthouse. Currently 100% leased to a single tenant, the lease expires January 1, 2025. This presents a compelling investment opportunity in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,079,874

  6.5%

  $996,807

  7%

  $925,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $816,682

  Geo Method

  $743,487

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,040

  Hospitality

  $1,132,206

  Educational

  $941,982

  Medical

  $974,379

  Retail

  $1,465,306

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3099

Longitude

-82.5303

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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