12497 Tamiami TrlNorth Port, FL 34287

Property Details for 12497 Tamiami Trl

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.13 AC

Property size (Sq ft)

9,944 SF

Zone code

OPI

Property type

Office buildings

APN

0791-03-0008

APU

791030008

Description

This exceptional Class A, single-story medical office building, totaling 11,534 square feet, is situated on a 1.127-acre lot at 12497 South Tamiami Trail in North Port, Florida (Sarasota County), near the intersection of S Tamiami Trail (US 41) & Santa Cruz Ave. Built in 1977 and extensively renovated in 2024, the property boasts 54 parking spaces and offers multiple tenancy options. Currently, 5,000 square feet of space is available for lease. The building is zoned OPI/Office, Professional Institutional (APN: 0791 03 0008) and is located in the Venice submarket. Its convenient location provides easy access to major roadways, ensuring unparalleled convenience for clients and employees. This property presents a unique opportunity for businesses seeking a modern, functional, and sophisticated workspace in a thriving area. The building's recent renovation ensures modern amenities and a comfortable environment. The ample parking significantly enhances the property's appeal and functionality. This is an ideal location for medical practices or other professional businesses seeking a high-profile address in a rapidly growing area. The property's size and layout offer flexibility to accommodate a variety of business needs. Don't miss this chance to secure your business's future in this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,637,747

  6.5%

  $2,434,843

  7%

  $2,260,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,994,862

  Geo Method

  $1,816,073

• Alternative Use

  Use

  Valuation

  Residential

  $3,019,206

  Hospitality

  $2,765,576

  Educational

  $2,300,927

  Medical

  $2,380,059

  Retail

  $3,579,220

Location Insight

City

North Port

County

Sarasota

State

Florida

Latitude

27.0478

Longitude

-82.2649

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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