1200 Tamiami TrlNokomis, FL 34275

Property Details for 1200 Tamiami Trl

Year built

2019

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.28 AC

Property size (Sq ft)

4,272 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

0165-11-0008

APU

165110008

Description

This exceptional Class A medical office building, completed in 2024, offers 46,000 square feet of versatile space in the thriving Nokomis, Florida market. Located at 1200 N Tamiami Trl, Nokomis, FL 34275, this property boasts prime visibility on Tamiami Trail, with convenient access to Sarasota Memorial Hospital Venice (less than 5 miles away). The building features a two-story design, with 23,000 square feet available for lease on each floor. Spaces are divisible to a minimum of 2,000 square feet, allowing for flexibility to accommodate various medical practices or businesses. The property includes a generous 5:1 parking ratio, ensuring ample parking for patients and staff. A single, gurney-size elevator services both floors. The building sits on 10 acres of land and is zoned Commercial-Medical, providing opportunities for signage and building visibility. Tenant improvement allowances are available, allowing for customization to suit specific needs. This is an ideal location for physicians, surgery centers, and other medical practices seeking a strong presence in a growing residential area with surrounding retail services. The property is part of the Sarasota, Venice, Nokomis submarket cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $1,665,791

  6.5%

  $1,537,654

  7%

  $1,427,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,159,650

  Geo Method

  $1,966,092

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,068

  Hospitality

  $1,188,108

  Educational

  $988,492

  Medical

  $1,022,487

  Retail

  $1,537,654

Location Insight

City

Nokomis

County

Sarasota

State

Florida

Latitude

27.141

Longitude

-82.4585

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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