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    For Sale (10)

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    Sarasota Land with Development Potential
    $1,100,000
    2.00 Acres

    Sarasota Land with Development Potential

    2.14 acres near downtown Sarasota with development possibilities.

    4122 N Lockwood Ridge Rd, Sarasota, FL 34234
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    Waterfront Lot in Sarasota, Florida
    $3,349,600
    1.08 Acres

    Waterfront Lot in Sarasota, Florida

    1.08-acre waterfront lot with seawall, perfect for custom dream home.

    8258 Longbay Blvd, Sarasota, FL 34243
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    Vacant Lot in Rotanda Sands
    Contact for pricing
    0.17 Acres

    Vacant Lot in Rotanda Sands

    Vacant lot in a desirable coastal community, perfect for building.

    15 Tide Ct, Placida, FL 33946
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    Residential Lot in Port Charlotte
    Contact for pricing
    0.23 Acres

    Residential Lot in Port Charlotte

    Residential lot suitable for building a dream home.

    3419 Vessels Rd, Port Charlotte, FL 33980
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    Waterfront Lot on Sarasota Bay
    $3,349,600
    1.08 Acres

    Waterfront Lot on Sarasota Bay

    1.08-acre waterfront lot with seawall in Sarasota, Florida.

    8258 Longbay Blvd, Sarasota, FL 34243
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    Oversized Corner Lot in North Port
    Contact for pricing
    0.27 Acres

    Oversized Corner Lot in North Port

    Residential homesite in desirable North Port, near amenities.

    Waterloo Ter, North Port, FL 34286
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    Tampa Land For Sale
    $1,190,000
    1.53 Acres

    Tampa Land For Sale

    1.53-acre commercial land in high-demand Tampa corridor.

    5406 W Linebaugh Ave, Tampa, FL 33624
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    Vacant Lot in Developing Area
    $30,000
    0.23 Acres

    Vacant Lot in Developing Area

    Vacant lot in a rapidly developing area, great investment opportunity.

    12447 Birtle Ave, Port Charlotte, FL 33981
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    Residential Lot in 55+ Community
    $72,000
    0.10 Acres

    Residential Lot in 55+ Community

    Residential lot in a vibrant, active 55+ community near Venice.

    561 Longwood Dr, Venice, FL 34285
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    Residential Lot in North Port
    Contact for pricing
    0.25 Acres

    Residential Lot in North Port

    Residential lot in a growing North Port neighborhood, close to amenities.

    Geary Ter, North Port, FL 34288
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    For Lease (3)

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    Renovated Office Building in Largo
    $2,650 / Mo
    17,851 SF

    Renovated Office Building in Largo

    Modern office building with flexible floor plans and ample parking.

    1715 E Bay Dr, Largo, FL 33771
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    Renovated Office Building in Largo
    $1,575 / Mo
    17,851 SF

    Renovated Office Building in Largo

    Modern two-story office building with flexible floor plans.

    1715 E Bay Dr, Largo, FL 33771
    View details
    Warehouse Space in Carrollton, TX
    Contact for pricing

    Warehouse Space in Carrollton, TX

    Warehouse space with 24' clear height and ample parking.

    Carrollton, TX 75006
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    Leases and Sales on Map

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    Realty One Group Sunshine
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Realty One Group Sunshine
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