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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Medical Office Space
121 Avenida Messina Sarasota, FL 34242-2027
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-5159799
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,244 SF
Lot
0.41 ac (17,990 SF)
Zoning code
SKOD; RMF1
APN
0080-17-0013
UPID
US18-5159799
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$840k
Owner & transaction history
James Joseph Laclair · 2 yrs held
James Joseph Laclair
since 2024
3 recorded transactions
Zoning & alternative use
SKOD; RMF1 · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+10.5%
Office building
$920,000
+3.3%
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
by Request
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$920,000
Change: +3% · Conversion: Easy
RETAIL STORES
$885,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
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
$374 / 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
$28,309
Tax year 2023
Assessed value
$2,280,600
Assessed 2023
Previous assessed
$2,280,600
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,361,400
Assessed improvement
$919,200
Land market value
$1,361,400
Improvement market value
$919,200
Total market value
$2,280,600
Applied tax rate
1,800.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
37
Bathrooms
8
Total area
2,244 SF
Lot
0.41 ac (17,990 SF)
Zoning code
SKOD; RMF1
APN
0080-17-0013
UPID
US18-5159799
Jurisdiction
SARASOTA
Zoning & alternative use
SKOD; RMF1 · Sarasota, FL
Zoning SKOD; RMF1 · permitted uses
SKOD; RMF1 · 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
MEDICAL BUILDING Current
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$985,000
OFFICE BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$885,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
37
Bathrooms
8
Lot
0.41 ac
Current owner
From public records · entity-resolved
James Joseph Laclair
Individual
Free & Clear · 2 yrs held
Mailing address
1665 SEMINOLE DR, SARASOTA, FL 34239-3738
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
James Joseph Laclair
Nancy L Stults
Personal Representative Deed
—
May 17, 2004
—
Nancy L Stults
Laclair Barry J Trust
Grant Deed
related
—
Jan 26, 2004
—
Barry J Laclair
Laclair,barry J & Rita C
Quit Claim Deed
related
—
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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