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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Office buildings
107 Osprey Ave Sarasota, FL 34236-5859
Entity Owned
Free & Clear
Property ID
US18-2606035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,729 SF
Lot
0.38 ac (16,340 SF)
Zoning code
DTC
APN
2027-01-0068
UPID
US18-2606035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TNG HVAC/Duct Services HVAC Service General Contractor
-
Suncoast One Title & Closings, Inc Title Company
-
Neuropsychology Health Center Crisis Center Medical Clinic
-
Susan Britz Skincare & Lashes Medical Clinic Skin Care Clinic
-
Mercurio & Brigford Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.20M
Owner & transaction history
Pineapple Office Center LLP
Pineapple Office Center LLP
since 2025
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,800,000
ML approach
$2,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,885,000
Current use
RESTAURANT
$4,795,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $4.30M (Jul 27 2025)
Last sale anchor
$4.30M
Jul 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$414 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,711
Tax year 2023
Assessed value
$2,760,400
Assessed 2023
Previous assessed
$1,990,500
+38.7% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,559,600
Assessed improvement
$1,200,800
Land market value
$1,559,600
Improvement market value
$1,200,800
Total market value
$2,760,400
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Rooms
8
Bathrooms
2
Total area
7,729 SF
Lot
0.38 ac (16,340 SF)
Zoning code
DTC
APN
2027-01-0068
UPID
US18-2606035
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
RESTAURANT
Est. value
$4.8M
OFFICE BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Rooms
8
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Pineapple Office Center LLP
Entity
Free & Clear · 0 yrs held
Mailing address
1820 RINGLING BLVD, SARASOTA, FL 34236-5917
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
$4,300,000
Pineapple Office Center LLP
Perprice 2 LLC
Warranty Deed
—
Jan 3, 2022
$2,100,000
Perprice 2 LLC
Medallion Holidings LLC
Warranty Deed
—
Nov 30, 2005
—
Medallion Holdings LLC
Lawson,donald M & Lisa M
Quit Claim Deed
related
$205,000 · Bank Of Commerce
May 11, 1999
$300,000
Medallion Holdings LLC
Lawson,donald M & Lisa M
Grant Deed
related
—
Jul 25, 1997
$165,000
Lawson,donald M & Lisa M
Robinson,jane K
Trustees Deed
—
—
—
Donald M Lawson
—
Deed Of Trust
related
$500,000 · Southtrust Bank Florida NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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