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Property profile & analytics
FOR SALE
Commercial real estate
3983 Destination Dr Osprey, FL 34229
Entity Owned
Free & Clear
Property ID
US18-7757008
For Sale
1 / 22
$1,050,000
3983 Destination Dr, Osprey, FL 34229
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Property summary
AI-generated overview
This 1,177-square-foot Class A retail condominium is situated in Osprey's desirable Baystreet Towncenter. Built in 2015, this single-story unit (APN 0147022004) features high ceilings and abundant natural light. Previously configured as an art gallery, the space includes a convenient kitchenette, restroom, office area, and storage. Its CG zoning allows for diverse business uses. The property benefits from a prime location amongst complementary businesses, including restaurants and other retail shops, ensuring high visibility and foot traffic. The asking price is $475,000, translating to $403.57 per square foot. This turnkey opportunity presents a compelling investment in a thriving commercial center. The unit is located at 3983 Destination Dr, Osprey, FL 34229.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMON AREA (COMMERCIAL)
Lot
0.98 ac (42,634 SF)
Zoning code
CG
APN
0147-02-1001
UPID
US18-7757008
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
-
Anne Crowley, Acupuncture Physician, Dipl.Ac. Physician
-
Sutra Gallery LLC Art Gallery
-
Sarasota Bay Facials Spa & Massage Center Skin Care Clinic
-
Valor Jets Aviation Consultant Aircraft Dealer
-
Jeremy Pinkas Carpets General Contractor Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mickey Louie LLC
Mickey Louie LLC
since 2026
7 recorded transactions
Zoning & alternative use
CG · Osprey, 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 Osprey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Osprey 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
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
Commercial real estate
Use group
COMMON AREA (COMMERCIAL)
Status
For Sale
Heating
NONE
Lot
0.98 ac (42,634 SF)
Zoning code
CG
APN
0147-02-1001
UPID
US18-7757008
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Osprey, FL
Zoning CG · permitted uses
CG · Osprey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Osprey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.98 ac
Current owner
From public records · entity-resolved
Mickey Louie LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3983 DESTINATION DR UNIT #104, OSPREY, FL 34229-9503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Mickey Louie LLC
Michelle L Thomas
Quitclaim Deed
related
—
Apr 22, 2025
$360,000
Galerie La Plume LLC
Sutra Gallery LLC
Warranty Deed
—
Oct 29, 2024
—
Kinsley Reid Properties LLC
—
Deed
related
$350,000 · Gulfside Bank
Aug 18, 2023
$349,000
Sutra Gallery LLC
Osprey Art & Music LLC
Special Warranty Deed
$387,000 · Byline Bank
May 12, 2023
$495,000
Art Marries Music LLC
Home Search Pro LLC
Warranty Deed
—
Jan 17, 2023
$180,000
Michelle L Thomas
Vivstar Properties LLC
Warranty Deed
—
Mar 21, 2022
$389,000
Home Search Pro LLC
Giant Property Holdings LLC
Warranty Deed
$300,000 · Suncoast Credit Corporation INC
Jul 19, 2021
$159,000
Richlew LLC
Monicas Boutique INC
Warranty Deed
—
May 12, 2021
$206,000
Osprey Art And Music LLC
Kapri Real Estate Holdings LLC
Warranty Deed
$160,000 · Sabal Palm Bank
May 17, 2019
$140,000
Monicas Boutique INC
Bay Street Partners LLC
Grant Deed
—
Mar 23, 2018
$255,000
Kinsley Reid Properties LLC
Bay Street Partners LLC
Grant Deed
$497,000 · Compass Fed'l S&l
Mar 12, 2018
$105,000
Vivstar Properties LLC
Bay Street Partners LLC
Grant Deed
—
Feb 12, 2018
$98,000
Bay Street Gallery LLC
Bay Street Partners LLC
Grant Deed
—
Dec 5, 2017
$190,000
Kapri Real Estate Holdings LLC
Bay Street Partners LLC
Grant Deed
—
Feb 15, 2017
$190,000
Giant Property Holdings LLC
American Momentum Bk
Grant Deed
related
—
Jun 15, 2016
—
Sochmel LLC
—
Deed
related
$289,000 · Bank Of America
May 25, 2016
—
Sochmel LLC
Bay Street Partners LLC
Grant Deed
—
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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