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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Banks
3685 Bee Rdg Rd Sarasota, FL 34233-1002
Entity Owned
21-yr Hold
Free & Clear
Property ID
US18-4646573
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,933 SF
Lot
0.66 ac (28,835 SF)
Zoning code
OPI
APN
0061-13-0017
UPID
US18-4646573
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$700k
Owner & transaction history
Diventi Associates Lllp · 21 yrs held
Diventi Associates Lllp
since 2005
1 recorded transaction
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home | City of Sarasota
Top alternative use upside
Commercial (general)
$1.1M
+83.6%
Office building
$1.0M
+80.7%
Medical building
$930,000
+61.7%
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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$575,000
Current use
COMMERCIAL (GENERAL)
$1,055,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,035,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$930,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$178 / 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
$26,683
Tax year 2023
Assessed value
$2,262,600
Assessed 2023
Previous assessed
$2,172,100
+4.2% YoY
Effective rate
1.18%
On assessed value
Assessed land
$764,000
Assessed improvement
$1,498,600
Land market value
$764,000
Improvement market value
$1,498,600
Total market value
$2,262,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
20
Bathrooms
4
Total area
3,933 SF
Lot
0.66 ac (28,835 SF)
Zoning code
OPI
APN
0061-13-0017
UPID
US18-4646573
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Sarasota, FLZoning OPI · permitted uses
OPI · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$930,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$725,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
20
Bathrooms
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
Diventi Associates Lllp
Entity
Free & Clear · 21 yrs held
Mailing address
3665 BEE RDG RD STE #310, SARASOTA, FL 34233-1056
Ownership since
2005
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 20, 2005
—
Diventi Associates Lllp
Owner,record
Grant 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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