2203 Tamiami Trl S
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2203 Tamiami Trl S
8,191 SF Retail Building Venice, FL 34293 £860,695 (£105/SF) 5.06% Net Initial Yield
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. leased 5 more year lease. Physical therapy is the current tenant. First write of refusal.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£60,794
|
£7.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£60,794
|
£7.42
|
| Taxes |
£8,028
|
£0.98
|
| Operating Expenses |
£9,267
|
£1.13
|
| Total Expenses |
£17,295
|
£2.11
|
| Net Operating Income |
£43,499
|
£5.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £60,794 |
| Annual Per SF | £7.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £60,794 |
| Annual Per SF | £7.42 |
| Taxes | |
|---|---|
| Annual | £8,028 |
| Annual Per SF | £0.98 |
| Operating Expenses | |
|---|---|
| Annual | £9,267 |
| Annual Per SF | £1.13 |
| Total Expenses | |
|---|---|
| Annual | £17,295 |
| Annual Per SF | £2.11 |
| Net Operating Income | |
|---|---|
| Annual | £43,499 |
| Annual Per SF | £5.31 |
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
£860,695
Price Per SF
£105
Net Initial Yield
5.06%
NOI
£43,539
Tenancy
Single
Number of Floors
1
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 Route
- 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 | £552,018 (2023) |
| Land Assessment | £319,866 (2023) | Annual Taxes | £8,028 (£0.98/sf) |
| Improvements Assessment | £232,153 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0450-06-0009
Land Assessment
£319,866 (2023)
Improvements Assessment
£232,153 (2023)
Total Assessment
£552,018 (2023)
Annual Taxes
£8,028 (£0.98/sf)
Tax Year
2024
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2203 Tamiami Trl S
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