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2203 Tamiami Trl S 8,191 SF Retail Building Venice, FL 34293 $1,100,000 ($134.29/SF) 5.21% Cap Rate
Investment Highlights
- Long term tenant
- 51,200 daily vehicles on Tamiami Trail
- High Visability
- Median HH Income $63,903 in 3 mile radius
Executive Summary
$4776.00 a month triple net. Physical therapy business, the current tenant, leased their space for 4 more years. plus 2 5 yr options First write of refusal.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$81,000
|
$9.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,000
|
$9.89
|
| Taxes |
$11,851
|
$1.45
|
| Operating Expenses |
$11,836
|
$1.45
|
| Total Expenses |
$23,687
|
$2.89
|
| Net Operating Income |
$57,313
|
$7.00
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $9.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $9.89 |
| Taxes | |
|---|---|
| Annual | $11,851 |
| Annual Per SF | $1.45 |
| Operating Expenses | |
|---|---|
| Annual | $11,836 |
| Annual Per SF | $1.45 |
| Total Expenses | |
|---|---|
| Annual | $23,687 |
| Annual Per SF | $2.89 |
| Net Operating Income | |
|---|---|
| Annual | $57,313 |
| Annual Per SF | $7.00 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,191 SF
Building Class
B
Year Built/Renovated
1980/2019
Price
$1,100,000
Price Per SF
$134.29
Cap Rate
5.21%
NOI
$57,315
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.56 AC
Zoning
CG - Commercial General
Parking
30 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
155’ on Tamiami Trl
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Mattress Store
- -
- 8,000 SF
- -
- Aug 2023
- Resale store
- -
- 8,000 SF
- -
- Dec 2022
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Mattress Store | - | 8,000 SF | - | Aug 2023 | ||
| Resale store | - | 8,000 SF | - | Dec 2022 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0450-06-0009 | Total Assessment | $841,272 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $11,851 ($1.45/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0450-06-0009
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$841,272 (2025)
Annual Taxes
$11,851 ($1.45/SF)
Tax Year
2024
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2203 Tamiami Trl S
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