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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Office buildings
2447 Sycamore St North Port, FL 34289-9506
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2102417
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,052 SF
Lot
1.06 ac (46,143 SF)
Zoning code
PCDN
APN
1116-03-0010
UPID
US18-2102417
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
by Request
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.26M
Owner & transaction history
Sycamore Street Invs Grp LLC · 7 yrs held
Sycamore Street Invs Grp LLC
since 2018
7 recorded transactions
Zoning & alternative use
PCDN · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+25.8%
Retail stores
$3.0M
+10.4%
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 North Port submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Port 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,605,000
6.5%
$2,405,000
7%
$2,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,680,000
Current use
MEDICAL BUILDING
$3,370,000
Change: +26% · Conversion: Easy
RETAIL STORES
$2,955,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$224 / 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
$57,814
Tax year 2023
Assessed value
$1,628,800
Assessed 2023
Previous assessed
$1,479,500
+10.1% YoY
Effective rate
3.55%
On assessed value
Assessed land
$161,500
Assessed improvement
$1,467,300
Land market value
$161,500
Improvement market value
$1,467,300
Total market value
$1,628,800
Applied tax rate
500.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
10,052 SF
Lot
1.06 ac (46,143 SF)
Zoning code
PCDN
APN
1116-03-0010
UPID
US18-2102417
Jurisdiction
SARASOTA
Zoning & alternative use
PCDN · North Port, FL
Zoning PCDN · permitted uses
PCDN · North Port, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Port. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING Current
MEDICAL 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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Sycamore Street Invs Grp LLC
Entity
Mailing address
1250 WESTERN PNE CIR, SARASOTA, FL 34240-1424
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
—
Carroll Investment Group LLC
—
Deed
related
$1,810,500 · Iberiabank
Jul 31, 2018
$206,500
Sycamore Street Invs Grp LLC
Sponky LLC
Grant Deed
—
Jan 26, 2017
—
Sponky LLC
Braden LLC
Warranty Deed
—
Nov 3, 2016
—
Braden LLC
Vector Defensive Systems LLC
Warranty Deed
—
Mar 30, 2016
$45,000
Vector Defensive Systems LLC
Mlq-mll LLC
Grant Deed
—
Feb 23, 2011
$20,001
Mlq-mll LLC
Eliot,mark R Coc
Trustees Deed
related
—
Feb 22, 2011
$20,001
Mlq-mll LLC
Eliot,mark R Coc
Trustees Deed
related
—
Nov 5, 2007
$151,000
Mark Eliot
Kane,michael O
Warranty Deed
—
Oct 5, 2005
$311,500
Michael O Kane
Jager,robert D
Warranty Deed
$202,475 · Florida Community Bank
Dec 8, 2004
—
Noyen Jager Trust
Noyen Jager Trust
Quit Claim Deed
related
—
—
—
Carroll Investment Group LLC
—
Deed Of Trust
related
$1,810,500 · Iberiabank
—
—
Mark R Eliot
—
Deed Of Trust
related
$202,475 · Florida Community Bank
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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