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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
2553 Fruitville Rd, Sarasota, FL 34237-6206
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-9673923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,044 SF
Lot
0.27 ac (11,659 SF)
Zoning code
OPB
APN
2028-15-0021
UPID
US18-9673923
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
-
Melody Fusion Grill Restaurant
-
KFix Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$530k
Owner & transaction history
Swan Insurance Strategies LLC · 1 yrs held
Swan Insurance Strategies LLC
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
OPB · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$730,000
+112.3%
Commercial (general)
$725,000
+110.9%
Auto repair, garage
$460,000
+33.0%
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
$665,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$345,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +112% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +111% · Conversion: Easy
AUTO REPAIR, GARAGE
$460,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$415,000
Change: +20% · Conversion: Easy
RETAIL STORES
$410,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $500k (Oct 11 2022)
Last sale anchor
$500k
Oct 11 2022
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
$508 / 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
$7,051
Tax year 2023
Assessed value
$449,100
Assessed 2023
Previous assessed
$322,000
+39.5% YoY
Effective rate
1.57%
On assessed value
Assessed land
$342,400
Assessed improvement
$106,700
Land market value
$342,400
Improvement market value
$106,700
Total market value
$449,100
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
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
1,044 SF
Lot
0.27 ac (11,659 SF)
Zoning code
OPB
APN
2028-15-0021
UPID
US18-9673923
Jurisdiction
SARASOTA
Zoning & alternative use
OPB · Sarasota, FL
Zoning OPB · permitted uses
OPB · 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
$345,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$460,000
MEDICAL BUILDING
Est. value
$415,000
RETAIL STORES
Est. value
$410,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Swan Insurance Strategies LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5502 RHYNN RD, WAUCHULA, FL 33873-4457
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Swan Insurance Strategies LLC
Mw Financials LLC
Intrafamily Transfer
related
—
Oct 11, 2022
$500,000
Mw Financials LLC
Term Life LLC
Special Warranty Deed
$400,000 · Marco Of Manatee INC
Jun 28, 2016
$355,000
Term Life LLC
Inside Out 123 LLC
Warranty Deed
$296,680 · Hancock Bank
Mar 11, 2011
—
Inside Out 123 LLC
Blondin Mortgage Co
Quit Claim Deed
related
—
Aug 14, 2009
—
Blondin Mortgage Co
Inside Out 123 LLC
Quit Claim Deed
related
—
Dec 2, 2008
$211,600
Inside Out 123 LLC
Blondin Mortgage
Grant Deed
—
Jul 3, 2001
$160,000
Blodin Mortgage Co
Wallace,james E
Grant Deed
related
$128,000 · First Union National Bank
Mar 17, 2000
—
James E Wallace
James E Wallace Trustee
Quit Claim Deed
related
$57,750 · America's Wholesale Lender
—
—
Term Life LLC
—
Deed Of Trust
related
$185,425 · Hancock Bk
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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