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    5400 Biscayne Dr North Port, FL 34387

    • Office buildings
    • 9,384 SF
    • 1.00 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4558220
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 5400 Biscayne Dr

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    9,384 SF
    Zone code
    OPI
    Property type
    Office buildings
    APN
    0996-00-2911
    APU
    996002911

    Description

    This exceptional 2.009-acre commercial land parcel is strategically located at 5400 S Biscayne Dr, North Port, FL 34387. Boasting an OPI (Office, Professional, and Institutional District) zoning designation, this property presents a remarkable opportunity for diverse development. Permitted uses include office, institutional, cultural, allied, residential, and mixed-use projects, fostering live-work environments. The site benefits from exceptional visibility and accessibility, situated along Biscayne Drive, which sees an average daily traffic count of 10,900 vehicles. Furthermore, the proximity to Tamiami Trail, with its average daily traffic of 33,500 cars, ensures significant exposure. North Port's robust growth trajectory, exceeding 3% annual population increase since 2015, projects strong future value appreciation for this investment. The flexible zoning allows for both small and large-scale developments, catering to a wide range of commercial and residential needs. This prime location and zoning flexibility make this property an attractive investment opportunity with significant potential for income generation and long-term value growth. The property's potential to accommodate a variety of uses, combined with the area's consistent growth, makes it an ideal choice for developers seeking a high-impact investment in a thriving Florida market.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2471
    Latitude
    27.0496
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,206
    $80,500
    $641,400
    $721,900
    -
    $80,500
    $641,400
    $721,900

    Comparable in this City

    • Value Estimation by Request
      8,200 SF

      13487 Tamiami Trl

      OFFICE BUILDING • 8,200 SF
      13487 Tamiami Trl, North Port, FL 34287-1211
      View Details
    • Value Estimation
      $870,000
      3,080 SF

      14243 Tamiami Trl

      PROFESSIONAL BUILDING • 3,080 SF
      14243 Tamiami Trl, North Port, FL 34287-2215
      View Details
    • Value Estimation
      $4,090,000
      23,440 SF

      4451 Aidan Ln

      OFFICE BUILDING (MULTI-STORY) • 23,440 SF
      4451 Aidan Ln, North Port, FL 34287-4933
      View Details
    • Value Estimation by Request
      8,400 SF

      13831 Tamiami Trl

      PROFESSIONAL BUILDING • 8,400 SF
      13831 Tamiami Trl, North Port, FL 34287
      View Details
    • Value Estimation by Request
      6,000 SF

      14400 Tamiami Trl

      PROFESSIONAL BUILDING • 6,000 SF
      14400 Tamiami Trl, North Port, FL 34287-2703
      View Details
    • Value Estimation
      $1,200,000
      3,177 SF

      14500 Tamiami Trl

      PROFESSIONAL BUILDING • 3,177 SF
      14500 Tamiami Trl, North Port, FL 34287-2723
      View Details

    Similar Nearby for Sale

    • $6,249,990
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      North Port Leased Office Building

      29,366 SF office building, 90% leased, investment opportunity.
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    • $1,400,000
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      North Port Office Building For Sale

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    • New
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      Prime Commercial Building on Tamiami Trail

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    • $1,499,000
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      North Port Self-Storage Land

      Prime 1.67-acre commercial lot, fully entitled.
      6040 Talon Bay Dr, North Port, FL 34287
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    • $69,900
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      North Port Commercial Land Parcel

      Prime Commercial Lot, North Port, FL
      11150 Matanzas Lots 35 & 36 Ave, North Port, FL 34287
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    • $579,000
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      North Port Multifamily Investment

      Three-unit apartment building, excellent income.
      438 Granada Blvd, North Port, FL 34287
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    Similar Nearby for Lease

    • $21 SF/Yr
      4,000 SF

      Prime Commercial Space in North Port

      Versatile commercial space in a rapidly growing area.
      5920 Pan American Blvd, North Port, FL 34287
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    • $20 SF/Yr
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      North Port Office Building For Sale

      Executive & Medical Suites Available in North Port, FL
      4451 Aidan Ln, North Port, FL 34287
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    • $20 SF/Yr
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      Modern Office Space Sublease

      Renovated office space available for sublease in North Port.
      5900 Pan American Blvd, North Port, FL 34287
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    • $20 SF/Yr
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      Prime North Port Office Suites

      Class A Office Space, 4 Suites Available
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    • $18 SF/Yr
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      North Port Medical Office for Lease

      Modern, move-in ready medical suites in prime location.
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    • $2,600,000
      4,500 SF

      Refurbished Medical Office Space

      Move-in ready medical office space in North Port, Florida.
      14569 S Tamiami Trl, North Port, FL 34287
      View Details
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    North Port, FL 34387
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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.

    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
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