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Property profile & analytics
FOR LEASE
Medical Office Space
3231 Gulf Gate Dr Sarasota, FL 34231
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3932936
For Lease
1 / 8
$17 SF/Yr
3231 Gulf Gate Dr, Sarasota, FL 34231
View Listing →
Property summary
AI-generated overview
This 14,386 square foot, Class B office building at 3231 Gulf Gate Dr, Sarasota, FL 34231, offers a variety of leasing options. Located at the intersection of Gulf Gate Drive and Beneva Road, near the library, this two-story building provides convenient access and ample parking (62 spaces). Built in 1984 and renovated in 2000, the property features one elevator and two large common area restrooms. The building sits on a 39,335 square foot lot and is zoned OPI (Office Professional Institutional). Units range from a minimum of 70 square feet to a maximum contiguous space of 1,800 square feet, with 5,222 square feet currently vacant. The property's APN is 0102160017. Suitable for traditional, medical, or executive office uses. This is an excellent opportunity for businesses seeking a well-maintained, accessible office space in a thriving Sarasota location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,120 SF
Lot
0.9 ac (39,335 SF)
Zoning code
OPI
APN
0102-16-0017
UPID
US18-3932936
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
-
Precision Cardiology Consultants Medical Clinic
-
Heart Rhythm Care Inc Medical Clinic
-
Integrative Medicine: Berkes Stephen L MD Physician
-
Sullivan College Consulting Consultant
-
Dr. T K Satya Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$3.29M
Owner & transaction history
Gulf Gate Prof Bldg LLC · 6 yrs held
Gulf Gate Prof Bldg LLC
since 2020
2 recorded transactions
Zoning & alternative use
OPI · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,015,000
6.5%
$3,705,000
7%
$3,440,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,215,000
Current use
RETAIL STORES
$4,580,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±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
$251 / 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
$24,110
Tax year 2023
Assessed value
$1,734,100
Assessed 2023
Previous assessed
$1,572,900
+10.2% YoY
Effective rate
1.39%
On assessed value
Assessed land
$477,300
Assessed improvement
$1,256,800
Land market value
$477,300
Improvement market value
$1,256,800
Total market value
$1,734,100
Applied tax rate
2,000.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
37
Bathrooms
29
Total area
13,120 SF
Lot
0.9 ac (39,335 SF)
Zoning code
OPI
APN
0102-16-0017
UPID
US18-3932936
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Sarasota, FL
Zoning OPI · permitted uses
OPI · 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
MEDICAL BUILDING Current
Est. value
$5.2M
RETAIL STORES
Est. value
$4.6M
MEDICAL BUILDING Current
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
37
Bathrooms
29
Lot
0.9 ac
Current owner
From public records · entity-resolved
Gulf Gate Prof Bldg LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3566 SAN REMO TER, SARASOTA, FL 34239-5813
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2020
—
Gulf Gate Prof Bldg LLC
Satya T & R Joint Reoc Trust
Warranty Deed
—
May 26, 2020
—
Satya,tk & Ratna Joint Trust
Tk Satya
Quit Claim Deed
related
—
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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