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Property profile & analytics
OFF-MARKET
Estimated value
$11,955,000
Office buildings
4440 Fruitville Rd Sarasota, FL 34232-1926
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8902047
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,192 SF
Lot
1.96 ac (85,452 SF)
Zoning code
OPI
APN
0045-04-0037
UPID
US18-8902047
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
-
CAN Community Health - National Headquarters Charitable Organization Social Service Agency
-
Anil Suryaprasad Physician
-
Dr. Steven Barnett Pediatrician Physician
-
Sara Makary Dental Office
-
Tanya S. Schreibman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.23M
Blend (final)
Blend
$11.96M
Owner & transaction history
Sarasota County · 2 yrs held
Sarasota County
since 2024
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.3M
+70.8%
Commercial (general)
$16.2M
+69.6%
Restaurant
$14.4M
+51.0%
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
$11,955,000
ML approach
$11,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,265,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,160,000
Change: +70% · Conversion: Easy
RESTAURANT
$14,380,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,190,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$9,220,000
Change: -3% · Conversion: Easy
RETAIL STORES
$9,155,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$11.96M
Range $10.76M – $13.15M · ±10% · vs last sale $11.96M (Mar 7 2024)
Last sale anchor
$11.96M
Mar 7 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
$515 / 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
$6,541
Tax year 2023
Assessed value
$4,100,100
Assessed 2023
Previous assessed
$4,100,100
+0.0% YoY
Effective rate
0.16%
On assessed value
Assessed land
$1,109,600
Assessed improvement
$2,990,500
Land market value
$1,109,600
Improvement market value
$2,990,500
Total market value
$4,100,100
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
7
Bathrooms
4
Total area
23,192 SF
Lot
1.96 ac (85,452 SF)
Zoning code
OPI
APN
0045-04-0037
UPID
US18-8902047
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
OFFICE BUILDING Current
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$16.2M
RESTAURANT
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$9.2M
RETAIL STORES
Est. value
$9.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
4
Lot
1.96 ac
Current owner
From public records · entity-resolved
Sarasota County
Entity
Mailing address
PO BOX 8TH 8, SARASOTA, FL 34230-0008
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$11,955,200
Sarasota County
Can Community Health INC
Warranty Deed
—
Dec 13, 2019
—
Can Community Health INC
—
Grant Deed
related
$6,820,000 · Iberiabank
Oct 10, 2018
—
Can Community Health INC
—
Grant Deed
related
$5,480,000 · Compass Bk
Apr 16, 2018
$4,800,000
Can Community Health INC
Orr Ents Of Srq LLC
Warranty Deed
—
Jun 22, 2012
$2,500,000
Orr Ents Of Srq LLC
Bmr Funding LLC
Grant Deed
$1,268,875 · Gulfshore Bank
Nov 14, 2008
—
Bmr Funding LLC
Photo-tech INC Coc
Trustees Deed
related
—
Jun 29, 2001
$470,000
Photo-tech INC
Olucih,daniel & Delores
Grant Deed
—
—
—
Photo-tech INC
—
Deed Of Trust
related
$2,500,000 · Gold Bank NA
—
—
Photo-tech INC
—
Deed Of Trust
related
$82,931 · Gold Bank NA
—
—
Orr Ents Of Srq LLC
—
Deed Of Trust
related
$1,268,875 · Gulfshore Bank
—
—
Orr Ents Of Srq LLC
—
Deed Of Trust
related
$3,000,000 · Cadence Bk
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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