8201 Tamiami TrlSarasota, FL 34238

Property Details for 8201 Tamiami Trl

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

11.92 AC

Property size (Sq ft)

113,078 SF

Zone code

CG

Property type

Super regional malls

APN

0123-11-0004

APU

123110004

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $34,278,200

  6.5%

  $31,641,400

  7%

  $29,381,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,591,900

  Geo Method

  $21,477,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $61,657,300

  Mixed-Use / Specialty

  $31,547,300

  Hospitality / Lodging

  $23,169,700

  Office

  $31,379,500

  Institutional / Educational

  $32,803,200

  Residential Income

  $38,379,800

  Multifamily

  $45,926,600

  Automotive / Energy

  $28,117,100

  Parking / Income-Based Land

  $9,684,310

  Restaurant / Food Service

  $16,448,100

  Healthcare / Senior Housing

  $32,332,000

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2323

Longitude

-82.4946

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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