505 Luminary Blvd Osprey, FL 34229
Property Lookup
Property profile & analytics
505 Luminary Blvd Osprey, FL 34229
- Office buildings
- 4,000 SF
- 10.01 lot acres
Property ID
US18-6035712
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 505 Luminary Blvd
- Year built
- 2015
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.01 lot acres
- Property size
- 4,000 SF
- Zone code
- OPI
- Property type
- Office buildings
- APN
- 0155-13-0024
- APU
- 155130024
Description
This exceptional 10-acre commercial land parcel in Osprey, Florida, presents a prime development opportunity. Boasting over 900 feet of frontage on the highly trafficked Tamiami Trail (US41), this strategically located property is zoned OPI and offers significant development potential. An existing 4,000 square foot freestanding office building with readily available utilities (electric, water, and sewer) provides immediate income potential or a base for future expansion. The site is "shovel ready," meaning all entitlements are in place, allowing for immediate commencement of construction. Development plans can include up to 46,000 square feet of office space, or an Assisted Living Facility (ALF) at a density of 9 units per acre. Its prime location directly across from a new Publix and adjacent to thriving commercial and residential developments ensures high visibility and strong demand. Easy access to Tamiami Trail from both ends of the property via simple median cuts at Southbay Drive/Luminary Blvd further enhances its appeal. The property's APN is 0155130024, and the asking price is $7,499,000. This is a rare opportunity to acquire a substantial, fully entitled parcel in a rapidly growing area of Sarasota County. The lot size is 435,904 square feet. The address is 505 Luminary Blvd, Osprey, FL 34229.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $825,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $955,000
- 7%
- $890,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,004,000
Market price range: $609k - $1.00M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,470,000 Current use
- MEDICAL BUILDING
- $1,535,000 Change: +5% Conversion: Easy
- RETAIL STORES
- $1,410,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Osprey
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4792
- Latitude
- 27.1757
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,046
$2,755,100
$208,900
$2,964,000
-
$2,755,100
$208,900
$2,964,000
