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Property profile & analytics
OFF-MARKET
Estimated value
$4,815,000
Assisted living facilities
4783 Fruitville Rd Sarasota, FL 34232-1815
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5261392
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,457 SF
Lot
4.4 ac (191,664 SF)
Zoning code
RMF2
APN
0044-14-0013
UPID
US18-5261392
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
-
Mary Ellen Pellman Physician
-
Eileen Hochberg Physician
-
Lisa Palmer Physician
-
Janette Baber Physician
-
Elizabeth Panepinto Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.82M
Owner & transaction history
Crea Sarasota LLC · 4 yrs held
Crea Sarasota LLC
since 2022
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
RMF2 · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.9M
+164.3%
Restaurant
$4.7M
+80.0%
Retail stores
$4.5M
+71.0%
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
$6,160,000
ML approach
$6,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,940,000
Change: +164% · Conversion: Difficult
RESTAURANT
$4,725,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$4,490,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,070,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,925,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$4.82M
Range $4.33M – $5.30M · ±10% · vs last sale $4.62M (Mar 1 2022)
Last sale anchor
$4.62M
Mar 1 2022
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
$140 / 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
$53,842
Tax year 2023
Assessed value
$3,786,300
Assessed 2023
Previous assessed
$3,958,800
-4.4% YoY
Effective rate
1.42%
On assessed value
Assessed land
$972,000
Assessed improvement
$2,814,300
Land market value
$972,000
Improvement market value
$2,814,300
Total market value
$3,786,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
99
Bathrooms
64
Total area
34,457 SF
Lot
4.4 ac (191,664 SF)
Zoning code
RMF2
APN
0044-14-0013
UPID
US18-5261392
Jurisdiction
SARASOTA
Zoning & alternative use
RMF2 · Sarasota, FL
Zoning RMF2 · permitted uses
RMF2 · 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
Est. value
$6.9M
RESTAURANT
Est. value
$4.7M
RETAIL STORES
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
99
Bathrooms
64
Lot
4.4 ac
Current owner
From public records · entity-resolved
Crea Sarasota LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$4,621,000
Crea Sarasota LLC
Re Sarasota LLC
Special Warranty Deed
—
Aug 20, 2018
—
Re Sarasota LLC
—
Loan Modification
related
$190,000,000 · Bear Crk Products 2018-5 (snf
Sep 4, 2012
—
Consulate Health Care Of Sarasota
—
Deed Of Trust
related
$395,000,000 · General Electric Capital Corp
Oct 7, 2010
—
Re Sarasota LLC
—
Deed Of Trust
related
$395,000,000 · General Electric Capital Corp
Apr 10, 2009
—
Tandem Health Care LLC
—
Deed Of Trust
related
$65,000,000 · Citicorp USA Corp
Jun 5, 2002
$2,950,000
Resarasota INC
Sarasota Care LLC
Grant Deed
related
—
—
—
Re Bayonet Point LLC
—
Loan Modification
related
$56,587,508 · Fa-scd Snf Investors I LLC
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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