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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
301 Albee W Rd, Nokomis, FL 34275-2005
Individually Owned
10-yr Hold
Free & Clear
Property ID
US18-7862151
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,268 SF
Lot
0.74 ac (32,374 SF)
Zoning code
OPI
APN
0171-15-0046
UPID
US18-7862151
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
-
Beach Life Wellness Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$625k
Owner & transaction history
Lxs 2005-7n · 10 yrs held
Lxs 2005-7n
since 2016
5 recorded transactions
Zoning & alternative use
OPI · Nokomis, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+23.0%
Auto repair, garage
$960,000
+15.4%
Medical building
$870,000
+4.6%
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 Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis 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%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$960,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: +5% · Conversion: Easy
RETAIL STORES
$800,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$276 / 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
$4,516
Tax year 2023
Assessed value
$376,200
Assessed 2023
Previous assessed
$318,800
+18.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$204,000
Assessed improvement
$172,200
Land market value
$204,000
Improvement market value
$172,200
Total market value
$376,200
Applied tax rate
100.0000
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
9
Bathrooms
2
Total area
2,268 SF
Lot
0.74 ac (32,374 SF)
Zoning code
OPI
APN
0171-15-0046
UPID
US18-7862151
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Nokomis, FL
Zoning OPI · permitted uses
OPI · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
MEDICAL BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Lxs 2005-7n
Individual
Free & Clear · 10 yrs held
Mailing address
301 ALBEE RD W, NOKOMIS, FL 34275-2005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2016
$60,001
Lxs 2005-7n
Depalma,patricia & John Coc
Trustees Deed
—
Aug 15, 2013
$325,000
Luis F De Vettori
Fine,jeffrey
Warranty Deed
$265,000 · Jeffrey J Fine
Jun 3, 2004
$345,000
Alana L Coyle
Renick,mack S & Gale E
Grant Deed
$70,000 · Mack S & Gale E Renick
Jun 18, 2002
—
Mack S Renick
Wicks,angela
Trustees Deed
related
—
Nov 2, 1998
$450,000
Kusuma Sriwarnasinghe
Renick,mack S & Gale E
Grant Deed
$130,000 · Seller
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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