Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5200 Communications Pkwy Lakewood Ranch, FL 34240-8352
    Back to Search
    Property profile & analytics

    5200 Communications Pkwy, Lakewood Ranch, FL 34240-8352

    View on Map
    • Commercial land
    • 5.21 lot acres
    Off-Market
    Last Sale Nov 20, 2023
    $2,271,700
    Property ID
    US18-6022519
    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.
    Value Estimations
    $2,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5200 Communications Pkwy

    Lot size
    5.21 lot acres
    Zone code
    PCD
    Property type
    Commercial land
    APN
    0188-13-0007
    APU
    188130007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 20, 2023 $2,271,700 Grace Cmnty Chr Of Lakewood Ranch I Lakewood Ranch Corporate Park LLC Special Warranty Deed $1.7M · South State Bank NA
    Jun 26, 2006 — Ranch Corporate Park Lakewood Schroeder-manatee Ranch INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,285,000
      ML approach
      $2,440,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood Ranch
    County
    Sarasota
    State
    Florida
    Longitude
    -82.431
    Latitude
    27.372
    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
    $16,387
    $1,456,100
    $0.00
    $1,456,100
    -
    $1,456,100
    $0.00
    $1,456,100

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      6524 University Pkwy

      VACANT COMMERCIAL LAND
      6524 University Pkwy, Sarasota, FL 34240-9049
      View Details
    • Value Estimation
      $2,335,000
      2.01 Acres

      3025 Fruitville Cmns Blvd

      VACANT COMMERCIAL LAND
      3025 Fruitville Cmns Blvd, Sarasota, FL 34240-2730
      View Details
    • Value Estimation
      $2,305,000
      1.97 Acres

      7150 Fruitville Rd

      VACANT COMMERCIAL LAND
      7150 Fruitville Rd, Sarasota, FL 34240-9728
      View Details
    • Value Estimation
      $1,000,000
      2.55 Acres

      6200 Lk Osprey Dr

      VACANT COMMERCIAL LAND
      6200 Lk Osprey Dr, Lakewood Ranch, FL 34240-8425
      View Details
    • Value Estimation
      $2,080,000
      6.56 Acres

      5491 Communications Pkwy

      VACANT COMMERCIAL LAND
      5491 Communications Pkwy, Lakewood Ranch, FL 34240-8476
      View Details
    • Value Estimation
      $750,000
      1.15 Acres

      5500 Communications Pkwy

      VACANT COMMERCIAL LAND
      5500 Communications Pkwy, Lakewood Ranch, FL 34240-8475
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Prime Corner Lot Near I-75

      Investment opportunity near I-75 & Lakewood Ranch.
      2190 Lakewood Ranch Blvd, Sarasota, FL 34240
      View Details
    • $1,200,000

      Lakewood Ranch Development Land

      1.04 acres in Lakewood Ranch development area.
      6500 Richardson Rd, Sarasota, FL 34240
      View Details
    • Contact for pricing

      Commercial Land Near Publix

      Commercial land for rent near Fruitville Farms Publix.
      6850 Fruitville Rd, Sarasota, FL 34240
      View Details
    • $1,050,000
      0.33 Acres

      Sarasota Land Investment Opportunity

      Prime land near I-75 & Lakewood Ranch. Development potential.
      2190 Lakewood Ranch Blvd, Sarasota, FL 34240
      View Details
    • $1,100,000
      1.04 Acres

      Sarasota Land in Lakewood Ranch

      1.04 acres in Lakewood Ranch development area.
      6500 Richardson Rd, Sarasota, FL 34240
      View Details
    • Contact for pricing

      Fruitville Road Development Opportunity

      12.56 acre site near I-75 interchange, Sarasota, FL.
      7952 Fruitville Rd, Sarasota, FL 34240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Warehouse Space Near Fruitville

      Office and warehouse space with easy access to I-75.
      2147 Porter Lake Dr, Sarasota, FL 34240
      View Details
    • Contact for pricing
      3,773 SF

      Modern Office Building in Sarasota

      Three-story office building with modern architectural details and central location.
      5391 N Lakewood Ranch Blvd, Sarasota, FL 34240
      View Details
    • $1,800 /Mo

      Flex Warehouse with Office Space

      Hybrid warehouse and office layout with a 14-by-12 OHD and 5 parking spaces, ideal for flexible business setups.
      427 Interstate Ct, Sarasota, FL 34240
      View Details
    • Contact for pricing

      Office Units on Barber Road

      Office units available for lease at 1843 Barber Rd in Sarasota, providing flexible workspace options for professional tenants.
      1843 Barber Rd, Sarasota, FL 34240
      View Details
    • $8,500,000

      Industrial Warehouse Business Center

      A 24-unit industrial park built in 2001 with strong highway access and ample parking, fully leased for investor stability.
      6222 Tower Ln, Sarasota, FL 34240
      View Details
    • $899,000

      Flex Office/Warehouse with OHDs

      Air-conditioned office plus warehouse space with four overhead doors, including a separately metered rear bay.
      479 Interstate Ct, Sarasota, FL 34240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5200 Communications Pkwy
    Lakewood Ranch, FL 34240-8352
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5200 Communications Pkwy, Lakewood Ranch, FL, 34240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!