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Property profile & analytics
FOR LEASE
Office buildings
5310 Clark Rd Sarasota, FL 34238
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-9336134
For Lease
1 / 2
$28 SF/Yr
5310 Clark Rd, Sarasota, FL 34238
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Property summary
AI-generated overview
This exceptional Class A medical office building presents a compelling investment opportunity. Located at 5310 Clark Rd, Sarasota, FL 34233, this 20,040 square foot property boasts 9 units and is currently operating at 100% occupancy with strong medical tenants. Built in 2003, the building sits on a 49,358 square foot lot and is zoned CG. The property enjoys excellent visibility on Clark Road and benefits from a long-term land lease. The strong financial performance is highlighted by a Net Operating Income (NOI) of $277,099 and a compelling 10.28% capitalization rate. The asking price is $2,695,000. This represents a stable, high-performing asset in a thriving Sarasota market, offering significant potential for long-term success. The property's prime location within the Tampa Bay area further enhances its investment appeal. This is a rare opportunity to acquire a fully occupied, high-quality medical office building with a proven track record of success.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,040 SF
Lot
1.19 ac (51,829 SF)
Zoning code
CG
APN
0095-04-0015
UPID
US18-9336134
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
-
Andrea Arns Physician
-
Dermatology of Coastal Sarasota - DOCs Physician Medical Clinic
-
Michael Via Therapy & Training Medical Clinic
-
Olivia Wrobel Physician
-
Amy Ross Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$4.97M
Owner & transaction history
Hershey Dog Properties LLC · 12 yrs held
Hershey Dog Properties LLC
since 2013
5 recorded transactions
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.9M
+32.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,195,000
6.5%
$4,795,000
7%
$4,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,965,000
Current use
RETAIL STORES
$7,910,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$5,940,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.97M
Range $4.47M – $5.47M · ±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
$248 / 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
$44,540
Tax year 2023
Assessed value
$3,542,900
Assessed 2023
Previous assessed
$3,133,700
+13.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$650,500
Assessed improvement
$2,892,400
Land market value
$650,500
Improvement market value
$2,892,400
Total market value
$3,542,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
20,040 SF
Lot
1.19 ac (51,829 SF)
Zoning code
CG
APN
0095-04-0015
UPID
US18-9336134
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FL
Zoning CG · permitted uses
CG · 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
$6.0M
RETAIL STORES
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL 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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Hershey Dog Properties LLC
Entity
Mailing address
PO BOX 3737, LAKE WALES, FL 33859-3737
Ownership since
2013
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
Feb 25, 2025
—
Concord Sarasota Clark LLC
—
Deed
related
$1,400,000 · Sunstate Bank
Dec 31, 2013
$2,075,000
Hershey Dog Properties LLC
Hadco Properties & Dev LLC
Grant Deed
$1,725,000 · Hadco Properties & Dev LLC
Dec 27, 2007
—
Palmer Crossing 4 LLC
Palmer Crossing F LLC
Quit Claim Deed
—
Dec 26, 2007
$748,300
Palmer Crossing F LLC
PC Park LLC
Warranty Deed
—
Feb 18, 2003
—
PC Park LLC
Saba,tr
Grant Deed
related
$250,000 · First National Bank
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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