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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Office buildings
5016 Calle Minorga Sarasota, FL 34242-1519
Entity Owned
~
Est. High Equity
Property ID
US18-1028320
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,012 SF
Lot
0.36 ac (15,603 SF)
Zoning code
OPI; SKOD
APN
0080-09-0004
UPID
US18-1028320
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
-
Construction Estimating Institute Vocational School Training Center
-
Construction Management Development Program Construction Company General Contractor
-
CEI Training Center
-
FDOT DBE Supportive Services Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$2.36M
Owner & transaction history
Cottagecare LLC
Cottagecare LLC
since 2025
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
OPI; SKOD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.5M
+70.8%
Commercial (general)
$3.5M
+69.6%
Restaurant
$3.1M
+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
$3,205,000
ML approach
$3,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,515,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,490,000
Change: +70% · Conversion: Easy
RESTAURANT
$3,110,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,200,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$1,995,000
Change: -3% · Conversion: Easy
RETAIL STORES
$1,980,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±10% · vs last sale $1.95M (Feb 3 2020)
Last sale anchor
$1.95M
Feb 3 2020
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
$471 / 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
$32,885
Tax year 2023
Assessed value
$2,513,400
Assessed 2023
Previous assessed
$2,272,800
+10.6% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,208,800
Assessed improvement
$1,304,600
Land market value
$1,208,800
Improvement market value
$1,304,600
Total market value
$2,513,400
Applied tax rate
1,894.0000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
5,012 SF
Lot
0.36 ac (15,603 SF)
Zoning code
OPI; SKOD
APN
0080-09-0004
UPID
US18-1028320
Jurisdiction
SARASOTA
Zoning & alternative use
OPI; SKOD · Sarasota, FL
Zoning OPI; SKOD · permitted uses
OPI; SKOD · 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
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Cottagecare LLC
Entity
Mailing address
111 S PINEAPPLE AVE UNIT #514, SARASOTA, FL 34236-5767
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$1,700,000
Cottagecare LLC
Calle Minorga Siesta Key LLC
Warranty Deed
$1,360,000 · Jpmorgan Chase Bank NA
Feb 3, 2020
$1,950,000
Calle Minorga Siestwa Key LLC
Langedyk Enterprises INC
Warranty Deed
$1,462,500 · Sabal Palm Bank
Feb 21, 2001
$1,200,000
Langedyk Enterprise INC
Knapp,keith & Christl M
Grant Deed
$960,000 · Seller
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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