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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Specialty properties
400 Palmetto Ave Osprey, FL 34229-9384
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-1101733
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,469 SF
Lot
4.19 ac (182,349 SF)
Zoning code
RE2
APN
0143-04-0002
UPID
US18-1101733
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
-
Conservation Foundation Gulf Coast Charitable Organization Social Service Agency
-
Get Up And Go Kayaking - Sarasota Travel Agency Tour Operator
-
Bay Preserve at Osprey Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$417k
Blend (final)
Blend
$600k
Owner & transaction history
Sarasota Conservation Foun INC · 20 yrs held
Sarasota Conservation Foun INC
since 2006
2 recorded transactions
Zoning & alternative use
RE2 · Osprey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$685,000
+171.4%
Commercial (general)
$640,000
+153.1%
Office building
$500,000
+98.3%
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
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$685,000
Change: +171% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: +153% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$470,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$243 / 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
$4,518
Tax year 2023
Assessed value
$5,187,200
Assessed 2023
Previous assessed
$4,480,400
+15.8% YoY
Effective rate
0.09%
On assessed value
Assessed land
$3,361,700
Assessed improvement
$1,825,500
Land market value
$3,361,700
Improvement market value
$1,825,500
Total market value
$5,187,200
Applied tax rate
9,201.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
6
Stories
2
Units
1
Rooms
12
Bathrooms
4
Total area
2,469 SF
Lot
4.19 ac (182,349 SF)
Zoning code
RE2
APN
0143-04-0002
UPID
US18-1101733
Jurisdiction
SARASOTA
Zoning & alternative use
RE2 · Osprey, FL
Zoning RE2 · permitted uses
RE2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$640,000
OFFICE BUILDING
Est. value
$500,000
RETAIL STORES
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$470,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Units
1
Rooms
12
Bathrooms
4
Lot
4.19 ac
Current owner
From public records · entity-resolved
Sarasota Conservation Foun INC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 902, OSPREY, FL 34229-0902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2006
$6,600,000
Sarasota Conservation Foun INC
Matson,j R & Cornelia L
Warranty Deed
—
May 10, 2006
—
Sarasota Conservation Foun INC
Matson,j R & Cornelia L
Quit Claim 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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