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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11155 State Rd 70th E Lakewood Ranch, FL 34202-8405

    • Medical offices
    • 2,948 SF
    • 1.11 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2020
    $385,000
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    9.3%
    Medical offices
    Location Intelligence
    Property ID
    US18-6308147
    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

    • Medical offices

    Property Details for 11155 State Rd 70th E

    Year built
    2021
    Lot size
    1.11 lot acres
    Property size
    2,948 SF
    Zone code
    PD-C
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    5832.0465-9
    APU
    583204659

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $490,000
      ML approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $475,000
      OFFICE BUILDING
      $330,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood Ranch
    County
    Manatee
    State
    Florida
    Longitude
    -82.432
    Latitude
    27.4348
    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
    $10,716
    $0.00
    $691,601
    $691,601
    -
    $0.00
    $691,601
    $691,601

    Comparable in this City

    • Value Estimation by Request
      50,000 SF

      Crossland Trl

      Medical offices • 50,000 SF
      0 Crossland Trl, Bradenton, FL 34202
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    • Value Estimation by Request
      50,055 SF

      8340 Lakewood Ranch Blvd

      Medical offices • 50,055 SF
      8340 Lakewood Ranch Blvd, Lakewood Ranch, FL 34202
      View Details
    • Value Estimation
      $935,000
      32,012 SF

      8220 Natures Way

      HOMES (RETIRED, NURSING) • 32,012 SF
      8220 Natures Way, Lakewood Ranch, FL 34202-4204
      View Details
    • Value Estimation
      $1,130,000
      208,415 SF

      8326 Lakewood Rnch Blvd

      HOSPITAL - PRIVATE • 208,415 SF
      8326 Lakewood Rnch Blvd, Lakewood Ranch, FL 34202-5174
      View Details
    • Value Estimation
      $1,135,000
      41,495 SF

      8230 Natures Way

      HOMES (RETIRED, NURSING) • 41,495 SF
      8230 Natures Way, Lakewood Ranch, FL 34202-4204
      View Details
    • Value Estimation
      $480,000
      10,872 SF

      8500 State Rd 70th E

      HOSPITAL - PRIVATE • 10,872 SF
      8500 State Rd 70th E, Bradenton, FL 34202-3700
      View Details

    Similar Nearby for Sale

    • $4,475,000
      14,400 SF

      Bradenton Medical Office Investment Opportunity

      Two-story medical office building with four tenants near State Road 70.
      8614 State Road 70 East, Bradenton, FL 34202
      View Details
    • $1,500,000
      1.16 Acres

      Waterfront Land in Gated Community

      Rare 1.16-acre waterfront homesite in The Concession.
      20903 Parkstone Ter, Bradenton, FL 34202
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    • $900,000
      2,002 SF

      San Marco Plaza Retail Unit

      Corner retail unit in pristine condition with ample parking.
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    • $180,000
      0.16 Acres

      Residential Land in River Club

      Residential land with low HOA near shopping, dining, and entertainment.
      9827 Royal Lytham Ave, Bradenton, FL 34202
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    • $900,000
      2,002 SF

      Lakewood Ranch Retail Opportunity

      Prime Vacant Retail Space, 2,002 SF
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    • $850,000

      Land For Sale Lakewood Ranch

      Land available in Lakewood Ranch, Florida.
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    Similar Nearby for Lease

    • $31 SF/Yr
      17,292 SF

      Modern Lakewood Ranch Office Space

      Prime office/medical space in a sought-after Lakewood Ranch location.
      11509 Palmbrush Trl, Lakewood Ranch, FL 34202
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    • $24 SF/Yr
      17,686 SF

      Lakewood Ranch Office Space for Lease

      Prime Office Suites, Abundant Parking, Great Location
      8433 Enterprise Cir, Lakewood Ranch, FL 34202
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    • $24 SF/Yr
      4,261 SF

      Bradenton Office Space For Rent

      Office space available for lease in Bradenton, Florida.
      9024 Town Center Pkwy, Bradenton, FL 34202
      View Details
    • $32 SF/Yr
      1,215 SF

      Retail/Office Space in Lakewood Ranch

      Versatile space ideal for retail or office use.
      9114 Town Center Pkwy, Lakewood Ranch, FL 34202
      View Details
    • $60 SF/Yr
      16,846 SF

      Lakewood Ranch Executive Suites

      Prime Office Space, Lakewood Ranch
      9015 Town Center Pkwy, Lakewood Ranch, FL 34202
      View Details
    • $24 SF/Yr
      3,956 SF

      Lakewood Ranch Office Space Available

      Office space for lease in Lakewood Ranch, move-in ready.
      9021-9027 Town Center Pkwy, Lakewood Ranch, FL 34202
      View Details
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    Lakewood Ranch, FL 34202-8405
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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
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