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Property profile & analytics
FOR LEASE
Office buildings
3663 Bee Ridge Rd Sarasota, FL 34233
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4213965
For Lease
1 / 24
$4,440,000
3663 Bee Ridge Rd, Sarasota, FL 34233
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,024 SF
Lot
1.8 ac (78,300 SF)
Zoning code
OPI
APN
0061-13-0013
UPID
US18-4213965
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
-
Sarasota Radiation & Medical Physician
-
Alan H. Porter - 21st Century Oncology Physician Medical Clinic
-
Dr. Larry N. Silverman Physician
-
Dr. Dale G. Lakomy, MD Physician Medical Clinic
-
Kenneth A. Kaplan, M.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
$4.08M
Comparable Approach
Comparable
$5.91M
Blend (final)
Blend
$4.44M
Owner & transaction history
Vpu Sarasota LLC · 2 yrs held
Vpu Sarasota LLC
since 2024
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.7M
+32.6%
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 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
$4,440,000
ML approach
$4,440,000
CAP Approach
CAP Return
Estimation
6%
$4,415,000
6.5%
$4,075,000
7%
$3,780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,065,000
Current use
RETAIL STORES
$6,720,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$5,045,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±10% · vs last sale $4.44M (Jul 24 2024)
Last sale anchor
$4.44M
Jul 24 2024
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
$261 / 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
$67,733
Tax year 2023
Assessed value
$5,304,600
Assessed 2023
Previous assessed
$4,710,000
+12.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,518,200
Assessed improvement
$3,786,400
Land market value
$1,518,200
Improvement market value
$3,786,400
Total market value
$5,304,600
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
82
Bathrooms
9
Total area
17,024 SF
Lot
1.8 ac (78,300 SF)
Zoning code
OPI
APN
0061-13-0013
UPID
US18-4213965
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
OFFICE BUILDING Current
Est. value
$5.1M
RETAIL STORES
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.0M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
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
2
Buildings
2
Rooms
82
Bathrooms
9
Lot
1.8 ac
Current owner
From public records · entity-resolved
Vpu Sarasota LLC
Entity
Mailing address
901 PO BOX 92129TH AVE STE #3300, SOUTHLAKE, TX 76092-0102
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
$4,439,300
Vpu Sarasota LLC
Doc 21st Century Sarasota LLC
Special Warranty Deed
$418,388,594 · Doc Dr LLC
—
—
Doc-21st Century Sarasota LLC
—
Deed Of Trust
related
$10,665,000 · Regions 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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