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Property profile & analytics
OFF-MARKET
Estimated value
$7,465,000
Investment properties
5370 Gulf Of Mexico Dr Longboat Key, FL 34228-2070
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4515158
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Total area
13,370 SF
Lot
4.68 ac (203,643 SF)
Zoning code
LBK_C-1,LBK_R-3MX (PD)
APN
79928.0000-8
UPID
US18-4515158
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
-
Blue Dolphin Cafe Restaurant
-
Center for Brain Health Medical Clinic
-
RoseBay International Realty, Inc Real Estate Agency
-
Centre Shops of Longboat Key Shopping Center & Mall
-
Winnie McHale Realtor Rosebay international Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.44M
Blend (final)
Blend
$7.47M
Owner & transaction history
4910 Jls LLC · 2 yrs held
4910 Jls LLC
since 2024
Last sale
$7.5M
5 recorded transactions
Zoning & alternative use
LBK_C-1,LBK_R-3MX (PD) · Longboat Key, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.7M
+204.6%
Apartment house (5+ units)
$5.9M
+53.6%
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 Longboat Key submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longboat Key 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
$7,465,000
ML approach
$7,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,705,000
Change: +205% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,900,000
Change: +54% · Conversion: Moderate
Blend value · Realmo final
$7.47M
Range $6.72M – $8.21M · ±10% · vs last sale $7.47M (Jan 17 2024)
Last sale anchor
$7.47M
Jan 17 2024
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
$558 / 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
$80,054
Tax year 2023
Assessed value
$5,764,539
Assessed 2023
Previous assessed
$5,488,214
+5.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,617,788
Assessed improvement
$3,146,751
Land market value
$2,617,788
Improvement market value
$3,146,751
Total market value
$5,764,539
Applied tax rate
256.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1986
Heating
YES
Cooling
CENTRAL
Buildings
5
Stories
2
Units
5
Bathrooms
6
Total area
13,370 SF
Lot
4.68 ac (203,643 SF)
Zoning code
LBK_C-1,LBK_R-3MX (PD)
APN
79928.0000-8
UPID
US18-4515158
Jurisdiction
MANATEE
Zoning & alternative use
LBK_C-1,LBK_R-3MX (PD) · Longboat Key, FL
Zoning LBK_C-1,LBK_R-3MX (PD) · permitted uses
LBK_C-1,LBK_R-3MX (PD) · Longboat Key, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longboat Key. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1986
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Units
5
Bathrooms
6
Lot
4.68 ac
Current owner
From public records · entity-resolved
4910 Jls LLC
Entity
Mailing address
2 N TAMIAMI TRL STE #104, SARASOTA, FL 34236-5562
Ownership since
2024
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
Jan 17, 2024
$7,465,000
4910 Jls LLC
Fh Centre Shoppes LLC
Special Warranty Deed
—
Dec 1, 2014
$3,700,000
Fh Centre Shoppes LLC
Centre Shops Of L K Ltd
Trustees Deed
$3,000,000 · Englewood Bk & Tr
Dec 31, 1998
$3,661,700
Centre Shops Of Lk Ltd
Allen Trust
Grant Deed
—
Jan 13, 1998
$2,800,000
Allen Trust
Lbk INC
Grant Deed
$2,100,000 · First Union National Bank
—
—
Center Shops Of Lk Ltd
—
Deed Of Trust
related
$100,000 · Coast Bank Of Florida
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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