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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Office buildings
5000 Gasparilla Rd Bldg Pool Placida, FL 33946
Individually Owned
31-yr Hold
~
Est. High Equity
Property ID
US18-5267539
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Construction
CONCRETE BLOCKS
Total area
3,929 SF
Lot
11.88 ac (517,492 SF)
Zoning code
RMF5 MULTI-FAMILY
APN
42-20-35-301-001
UPID
US18-5267539
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
-
Boca Grande Club Tiki Bar Bar & Pub Restaurant
-
Hagerty Boca Grand LLC Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.18M
Owner & transaction history
John T Borst
John T Borst
2 recorded transactions
Zoning & alternative use
RMF5 MULTI-FAMILY · Placida, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+54.6%
Medical building
$935,000
+31.0%
Commercial (general)
$735,000
+2.4%
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 Placida submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Placida 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$735,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$300 / 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
$59,778
Tax year 2023
Assessed value
$2,864,043
Assessed 2023
Previous assessed
$2,972,166
-3.6% YoY
Effective rate
2.09%
On assessed value
Land market value
$1,461,240
Improvement market value
$2,486,616
Total market value
$3,947,856
Applied tax rate
40.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
15
Stories
1
Rooms
2
Bathrooms
2
Total area
3,929 SF
Lot
11.88 ac (517,492 SF)
Zoning code
RMF5 MULTI-FAMILY
APN
42-20-35-301-001
UPID
US18-5267539
Jurisdiction
CHARLOTTE
Zoning & alternative use
RMF5 MULTI-FAMILY · Placida, FLZoning RMF5 MULTI-FAMILY · permitted uses
RMF5 MULTI-FAMILY · Placida, 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
OFFICE BUILDING Current
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$735,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1979
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
15
Rooms
2
Bathrooms
2
Lot
11.88 ac
Current owner
From public records · entity-resolved
John T Borst
Individual
Mailing address
PO BOX 1070, BOCA GRANDE, FL 33921-1070
Ownership since
—
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
—
—
John T Borst
—
Deed Of Trust
related
$225,000 · Wells Fargo Bank
—
—
Bryan Sodel
—
Deed Of Trust
related
$280,000 · Suncoast Financial
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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