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Property profile & analytics
OFF-MARKET
Estimated value
$5,950,000
Medical Office Space
4947 Clark Rd Sarasota, FL 34233-3252
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2750599
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,864 SF
Lot
0.55 ac (23,744 SF)
Zoning code
PCD
APN
0092-15-1001
UPID
US18-2750599
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
-
Dr. Dan L. Kirkpatrick, MD Physician
-
Gulf Coast Surgery Center Medical Clinic Hospital
-
EHA Surgery Center - Sarasota Medical Clinic Hospital
-
John Reeder Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.95M
CAP Approach
CAP
$5.05M
Comparable Approach
Comparable
$6.15M
Blend (final)
Blend
$5.95M
Owner & transaction history
Gmr Sarasota Clark LLC · 1 yrs held
Gmr Sarasota Clark LLC
since 2024
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
PCD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+48.2%
Retail stores
$7.1M
+33.2%
Office building
$5.3M
+0.4%
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
$5,950,000
ML approach
$5,950,000
CAP Approach
CAP Return
Estimation
6%
$5,465,000
6.5%
$5,045,000
7%
$4,685,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,295,000
Current use
AUTO REPAIR, GARAGE
$7,850,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$7,055,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$5,315,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$5.95M
Range $5.36M – $6.55M · ±10% · vs last sale $5.95M (Oct 2 2024)
Last sale anchor
$5.95M
Oct 2 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
$333 / 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
$66,532
Tax year 2023
Assessed value
$5,229,500
Assessed 2023
Previous assessed
$5,229,500
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,482,000
Assessed improvement
$3,747,500
Land market value
$1,482,000
Improvement market value
$3,747,500
Total market value
$5,229,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
17,864 SF
Lot
0.55 ac (23,744 SF)
Zoning code
PCD
APN
0092-15-1001
UPID
US18-2750599
Jurisdiction
SARASOTA
Zoning & alternative use
PCD · Sarasota, FL
Zoning PCD · permitted uses
PCD · 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
MEDICAL BUILDING Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES
Est. value
$7.1M
OFFICE BUILDING
Est. value
$5.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Gmr Sarasota Clark LLC
Entity
Mailing address
7373 WISCONSIN AVE, BETHESDA, MD 20814-3767
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$5,950,000
Gmr Sarasota Clark LLC
Broadstone Gcsc Florida LLC
Special Warranty Deed
—
Feb 25, 2013
$5,148,900
Broadstone Gcsc Florida LLC
Gulfcoast Surgery Center INC
Grant Deed
—
—
—
Gulfcoast Surgery Center INC
—
Deed Of Trust
related
$3,472,653 · Mutual Of Omaha Bank
—
—
Gulfcoast Surgery Center INC
—
Deed Of Trust
related
$500,000 · Mutual Of Omaha Bank
—
—
Gulfcoast Surgery Center INC
—
Deed Of Trust
related
$650,000 · First Community Bank America
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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