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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Community centers
3500 Osprey Ave Sarasota, FL 34239-5925
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-2136596
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,497 SF
Lot
1.88 ac (81,805 SF)
Zoning code
CN
APN
2039-09-0095
UPID
US18-2136596
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
-
PNC Bank Bank Loan Service
-
PNC Mortgage Loan Service Bank
-
ATM (PNC Bank) Atm
-
PNC ATM Atm
-
Sarasota Condos- View Listings Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.49M
Owner & transaction history
Siesta-osprey Properties LLC · 16 yrs held
Siesta-osprey Properties LLC
since 2010
4 recorded transactions
Zoning & alternative use
CN · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CN district is to permit small-scale neighborhood oriented commercial facilities and to facilitate their proper development and use through substantial buffering and design techniques to lessen and/or prevent impacts on adjacent or nearby residential uses
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
89.07 ac
Source
Realmo
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
$965,000
CAP Approach
CAP Return
Estimation
6%
$2,210,000
6.5%
$2,040,000
7%
$1,895,000
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±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
$198 / 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
$61,670
Tax year 2023
Assessed value
$3,783,800
Assessed 2023
Previous assessed
$3,441,700
+9.9% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,870,600
Assessed improvement
$1,913,200
Land market value
$1,870,600
Improvement market value
$1,913,200
Total market value
$3,783,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
19
Bathrooms
14
Total area
7,497 SF
Lot
1.88 ac (81,805 SF)
Zoning code
CN
APN
2039-09-0095
UPID
US18-2136596
Jurisdiction
SARASOTA
Zoning & alternative use
CN · Sarasota, FLZoning CN · permitted uses
CN · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the CN district is to permit small-scale neighborhood oriented commercial facilities and to facilitate their proper development and use through substantial buffering and design techniques to lessen and/or prevent impacts on adjacent or nearby residential uses
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
89.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
19
Bathrooms
14
Lot
1.88 ac
Current owner
From public records · entity-resolved
Siesta-osprey Properties LLC
Entity
Free & Clear · 16 yrs held
Mailing address
555 S OSPREY AVE #1, SARASOTA, FL 34236-7560
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2010
$2,551,600
Siesta-osprey Properties LLC
Mbkk Properties Ltd
Warranty Deed
—
—
—
Mbkk Properties Ltd
—
Deed Of Trust
related
$788,000 · Superior Bank Fsb
—
—
Washington-adams Props LLC
—
Deed Of Trust
related
$2,000,000 · Iberiabank
—
—
Jora Associates
—
Deed Of Trust
related
$105,691 · Peoples Community Bank W Coast
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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