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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
3920 Bee Rdg Rda Sarasota, FL 34233-1207
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-2261586
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,042 SF
Zoning code
OPI
APN
0070-03-2004
UPID
US18-2261586
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
-
Medical Center of Sarasota Medical Clinic
-
Sarasota Pain Relief Centers – Bee Ridge Physician
-
Dr. Aaron Leavitt, DDS Dental Office
-
Dr. Vincent J. Vanwinkle, MD Physician Medical Clinic
-
Dermatology Skin Care Institute: William Elstein MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$750k
Owner & transaction history
2563 North Toledo Blade Boulevard L · 2 yrs held
2563 North Toledo Blade Boulevard L
since 2024
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+33.2%
Office building
$905,000
+0.4%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$900,000
Current use
RETAIL STORES
$1,200,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Feb 20 2024)
Last sale anchor
$750k
Feb 20 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
$247 / 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
$7,434
Tax year 2023
Assessed value
$562,100
Assessed 2023
Previous assessed
$562,100
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed improvement
$562,100
Improvement market value
$562,100
Total market value
$562,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
3,042 SF
Zoning code
OPI
APN
0070-03-2004
UPID
US18-2261586
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
$900,000
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$905,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE 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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
2563 North Toledo Blade Boulevard L
Individual
Free & Clear · 2 yrs held
Mailing address
3333 CLARK RD STE #200, SARASOTA, FL 34231-8439
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
$750,000
2563 North Toledo Blade Boulevard L
Legacy Asset Management LLC
Warranty Deed
—
Aug 31, 2017
—
Np
Lagacy Asset Management LLC
Affidavit
$300,000 · Valley National Bank
Jan 28, 2008
—
Legacy Asset Management LLC
—
Trustees Deed
related
$100,000 · Landmark Bank Of Florida
Aug 14, 2006
$275,000
Legacy Asset Management LLC
Krayer Real Estate Management Corp
Warranty Deed
—
Mar 5, 2004
—
Krayer Real Estate Mgmt Corp
Bee Ridge Leasing INC
Quit Claim Deed
related
—
—
—
Legacy Asset Management LLC
—
Deed Of Trust
related
$3,880 · Landmark Bank Of Florida
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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