1100 Tamiami TrlVenice, FL 34285

Property Details for 1100 Tamiami Trl

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.76 AC

Property size (Sq ft)

7,423 SF

Zone code

ST2

Property type

Office properties

Property subtype

Office buildings

APN

0430-09-0005

APU

430090005

Description

This exceptional 7,518 square foot Class B office building, located at 1100 South Tamiami Trail in Venice, Florida, presents a compelling investment opportunity. Currently operating at 100% occupancy with five tenants, the property boasts a strong net operating income (NOI) of $92,613, yielding a 5.45% cap rate. The asking price is $1,700,000. Situated in a prime location near Venice Avenue, this traditional office building offers convenient access to the vibrant activity center of Venice, approximately two miles away. Its strategic placement also provides the added benefit of being within walking distance of the Venice Municipal Airport. The property's strong tenant base and high occupancy rate ensure a stable and reliable income stream, making it an attractive proposition for discerning investors seeking a well-established and profitable commercial real estate asset in the desirable Venice, Florida market. The building's location in Sarasota County, Florida, with a zip code of 34285, offers easy access to local amenities and transportation networks. This fully leased office building represents a rare opportunity to acquire a high-performing asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,969,026

  6.5%

  $1,817,562

  7%

  $1,687,737

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,489,125

  Geo Method

  $1,355,662

• Alternative Use

  Use

  Valuation

  Residential

  $2,253,778

  Hospitality

  $2,064,448

  Educational

  $1,717,597

  Medical

  $1,776,667

  Retail

  $2,671,817

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0823

Longitude

-82.4358

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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