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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
2650 Tamiami Trl Sarasota, FL 34239-4531
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-4719133
Property summary
AI-generated overview
This exceptional 4,207 square foot medical office building is ideally situated on US-41/Tamiami Trail in Sarasota County, boasting high visibility and accessibility with a daily traffic count of 48,000 vehicles. The property features modern architecture and spacious interiors, currently configured as three suites totaling 3,850 rentable square feet, although it can accommodate a single tenant. Suite #1 offers 1,500 square feet with a reception area, six offices, and one restroom. Suite #2 comprises 1,000 square feet, including one office and one restroom. Suite #3 encompasses 1,350 square feet with five offices and two restrooms. Each suite benefits from a separate entrance and electric meter. The building includes 22 parking spaces and features recently updated amenities such as a new roof, new landscaping, and new toilets. The owner is committed to replacing the central AC units. The property's strategic location offers unparalleled convenience, less than one mile from Sarasota Memorial Hospital and two miles from downtown Sarasota and the courthouse. Currently 100% leased to a single tenant, the lease expires January 1, 2025. This presents a compelling investment opportunity in a high-demand location.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,071 SF
Lot
0.36 ac (15,874 SF)
Zoning code
OPB
APN
2038-16-0018
UPID
US18-4719133
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
-
Erie Foot and Ankle Center Physician
-
Center For Sight - Dr. Soto Physician
-
Center For Sight: Frederick E. Soto, Jr., OD Physician
-
Dr. Joseph Sowka Physician
-
Len Brown Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$800k
Owner & transaction history
Dollyrose Lllp · 15 yrs held
Dollyrose Lllp
since 2011
1 recorded transaction
Zoning & alternative use
OPB · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$565,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$197 / 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
$18,578
Tax year 2023
Assessed value
$1,265,000
Assessed 2023
Previous assessed
$1,218,200
+3.8% YoY
Effective rate
1.47%
On assessed value
Assessed land
$899,000
Assessed improvement
$366,000
Land market value
$899,000
Improvement market value
$366,000
Total market value
$1,265,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
17
Bathrooms
5
Total area
4,071 SF
Lot
0.36 ac (15,874 SF)
Zoning code
OPB
APN
2038-16-0018
UPID
US18-4719133
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.
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
17
Bathrooms
5
Lot
0.36 ac
Current owner
From public records · entity-resolved
Dollyrose Lllp
Entity
Free & Clear · 15 yrs held
Mailing address
4547 CAMINO REAL, SARASOTA, FL 34231-2323
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2011
$139,700
Dollyrose Lllp
Soto,frederick E JR
Warranty Deed
—
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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