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Property profile & analytics
FOR LEASE
Grocery and convenience stores
3825 S Osprey Ave Sarasota, FL 34239
Trust Owned
11-yr Hold
Free & Clear
Property ID
US18-3006607
For Lease
1 / 43
$9,660,000
3825 S Osprey Ave, Sarasota, FL 34239
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Property summary
AI-generated overview
The Shops at Siesta Row, located at 3825 S Osprey Ave in Sarasota, Florida (zip code 34239), offers exceptional executive office space for lease. This retail and office complex boasts a total of 141,508 square feet, encompassing three suites. Currently, 6,155 square feet of space is available, divisible into units as small as 278 square feet, with the largest contiguous space measuring 2,326 square feet. The property is situated in Sarasota County and provides a flexible leasing opportunity for businesses seeking various sizes of office space. Ideal for companies needing multiple suites or smaller, individual offices, this location presents a strategic advantage for businesses looking to establish a presence in a thriving Sarasota commercial district. The property's convenient location offers easy access to major roadways and amenities, making it an attractive option for employees and clients alike. Interested parties are encouraged to inquire about available space and lease terms. This is a multi-tenant building offering a range of options to suit diverse business needs. The address is easily accessible and well-suited for a variety of businesses.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,427 SF
Lot
3.8 ac (165,657 SF)
Zoning code
CSCC
APN
2039-16-2002
UPID
US18-3006607
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
-
Publix Super Market at Shops at Siesta Row Specialty Food Shop Supermarket
-
Primo Water Refill Big Box & Wholesale Store
-
Publix Pharmacy at Shops at Siesta Row Pharmacy
-
higi Medical Clinic
-
Presto! ATM at Publix Super Market Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.64M
Comparable Approach
Comparable
$6.45M
Blend (final)
Blend
$9.66M
Owner & transaction history
Mann 1994 Family Trust · 11 yrs held
Mann 1994 Family Trust
since 2014
6 recorded transactions
Zoning & alternative use
CSCC · 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%
$12,610,000
6.5%
$11,640,000
7%
$10,810,000
Blend value · Realmo final
$9.66M
Range $8.69M – $10.63M · ±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
$199 / 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
$151,598
Tax year 2023
Assessed value
$9,237,900
Assessed 2023
Previous assessed
$8,492,300
+8.8% YoY
Effective rate
1.64%
On assessed value
Assessed land
$2,806,600
Assessed improvement
$6,431,300
Land market value
$2,806,600
Improvement market value
$6,431,300
Total market value
$9,237,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
180
Bathrooms
4
Total area
48,427 SF
Lot
3.8 ac (165,657 SF)
Zoning code
CSCC
APN
2039-16-2002
UPID
US18-3006607
Jurisdiction
SARASOTA
Zoning & alternative use
CSCC · Sarasota, FL
Zoning CSCC · permitted uses
CSCC · 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.
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
180
Bathrooms
4
Lot
3.8 ac
Current owner
From public records · entity-resolved
Mann 1994 Family Trust
Trust
Free & Clear · 11 yrs held
Mailing address
560 EPSILON DR, PITTSBURGH, PA 15238-2815
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2014
$2,642,200
Mann 1994 Family Trust
Paradise Plaza Ltd
Grant Deed
—
Aug 8, 2014
$26,716,500
Echo Paradise LLC
Paradise Plaza Ltd
Grant Deed
—
Aug 8, 2014
$3,963,300
Husman,david L Trust
Paradise Plaza Ltd
Grant Deed
—
Apr 14, 2004
—
Paradise Plaza Ltd
—
Trustees Deed
related
$15,329 · Southtrust Bank NA
—
—
Paradise Plaza Ltd
—
Deed Of Trust
related
$6,788,221 · Morgan Stanley Mtg Capital INC
—
—
Paradise Plaza Ltd
—
Deed Of Trust
related
$8,725,000 · Main American Capital L C
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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