2203 Tamiami Trl S
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2203 Tamiami Trl S
8,191 SF Retail Building Venice, FL 34293 $1,100,000 ($134/SF) 5.06% 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
$4637.00 a month triple net. Physical therapy business, the current tenant, leased their space for 5 more years. First write of refusal.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$77,697
|
$9.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,697
|
$9.49
|
| Taxes |
$10,260
|
$1.25
|
| Operating Expenses |
$11,844
|
$1.45
|
| Total Expenses |
$22,104
|
$2.70
|
| Net Operating Income |
$55,593
|
$6.79
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $77,697 |
| Annual Per SF | $9.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,697 |
| Annual Per SF | $9.49 |
| Taxes | |
|---|---|
| Annual | $10,260 |
| Annual Per SF | $1.25 |
| Operating Expenses | |
|---|---|
| Annual | $11,844 |
| Annual Per SF | $1.45 |
| Total Expenses | |
|---|---|
| Annual | $22,104 |
| Annual Per SF | $2.70 |
| Net Operating Income | |
|---|---|
| Annual | $55,593 |
| Annual Per SF | $6.79 |
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
Cap Rate
5.06%
NOI
$55,645
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.56 AC
Zoning
CG - Commercial
Parking
30 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
155 FT on Tamiami Trl
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
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 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0450-06-0009 | Total Assessment | $705,500 (2023) |
| Land Assessment | $408,800 (2023) | Annual Taxes | $10,260 ($1.25/SF) |
| Improvements Assessment | $296,700 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0450-06-0009
Land Assessment
$408,800 (2023)
Improvements Assessment
$296,700 (2023)
Total Assessment
$705,500 (2023)
Annual Taxes
$10,260 ($1.25/SF)
Tax Year
2024
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2203 Tamiami Trl S
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