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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Retail space
3983 Destination Dr A212 Osprey, FL 34229-9512
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5280519
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
980 SF
Zoning code
CG
APN
0147-02-2002
UPID
US18-5280519
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$330k
Blend (final)
Blend
$500k
Owner & transaction history
Art Marries Music LLC · 3 yrs held
Art Marries Music LLC
since 2023
Last sale
$495,000
6 recorded transactions
Zoning & alternative use
CG · Osprey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+136.0%
Neighborhood: shopping center
$440,000
+28.0%
Auto repair, garage
$415,000
+20.2%
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)
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
$500,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$345,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +136% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$415,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$375,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$360,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $495k (May 12 2023)
Last sale anchor
$495k
May 12 2023
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
$510 / 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
$2,098
Tax year 2023
Assessed value
$158,000
Assessed 2023
Previous assessed
$158,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed improvement
$158,000
Improvement market value
$158,000
Total market value
$158,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
980 SF
Zoning code
CG
APN
0147-02-2002
UPID
US18-5280519
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Osprey, FLZoning CG · permitted uses
CG · Osprey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$345,000
COMMERCIAL (GENERAL)
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$415,000
MEDICAL BUILDING
Est. value
$375,000
OFFICE BUILDING
Est. value
$360,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Art Marries Music LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3983 DESTINATION DR UNIT #105, OSPREY, FL 34229-9503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 12, 2023
$495,000
Art Marries Music LLC
Home Search Pro LLC
Warranty Deed
—
Mar 21, 2022
$389,000
Home Search Pro LLC
Giant Property Holdings LLC
Warranty Deed
$300,000 · Suncoast Credit Corporation INC
Feb 15, 2017
$190,000
Giant Property Holdings LLC
American Momentum Bk
Grant Deed
related
—
May 26, 2015
—
American Momentum Bk
Brazos Xviii LLC
Quit Claim Deed
related
—
Jul 16, 2012
—
Brazos Xviii LLC
Dowdy,thomas L Coc
Trustees Deed
related
—
Jul 6, 2012
$32,201
American Momentum Bk
Dowdy,thomas L Coc
Trustees 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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