Technical
Financial
Distress signals
Property profile

1501 Lockwood Rdg Rd Sarasota, FL 34237

OFF-MARKET
Office buildings
Property ID
US18-1004356
2,200 SF 0.26 ac lot Built 1990
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,200 SF
Lot 0.26 ac (11,543 SF)
Zoning code OPB
APN 2022-03-0102
UPID US18-1004356

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Alternative Medicine Practice

Location

1501 Lockwood Rdg Rd Sarasota, FL 34237-3218
Sarasota metro Census 407 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
$525k
Comparable Approach Comparable
$720k
Blend (final) Blend
$325k

Owner & transaction history

since 2013
3 recorded transactions
2013
$218,300
1969
Price N/A
1969
Price N/A

Zoning & alternative use

OPB · Sarasota, FL
Zoning description

The OPB zone is intended to permit small business, professional and service related offices and to facilitate their proper development and use

General category COMMERCIAL
Top alternative use upside
Medical building $875,000 +20.4%
Retail stores $870,000 +19.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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