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Property profile & analytics
OFF-MARKET Estimated value $1,300,000
Office buildings

5400 Biscayne Dr North Port, FL 34287-1932

9,384 SF 1 ac lot Built 1983
Entity Owned 19-yr Hold Free & Clear
Property ID
US18-4558220
Property summary
AI-generated overview

This exceptional 2.009-acre commercial land parcel is strategically located at 5400 S Biscayne Dr, North Port, FL 34387. Boasting an OPI (Office, Professional, and Institutional District) zoning designation, this property presents a remarkable opportunity for diverse development. Permitted uses include office, institutional, cultural, allied, residential, and mixed-use projects, fostering live-work environments. The site benefits from exceptional visibility and accessibility, situated along Biscayne Drive, which sees an average daily traffic count of 10,900 vehicles. Furthermore, the proximity to Tamiami Trail, with its average daily traffic of 33,500 cars, ensures significant exposure. North Port's robust growth trajectory, exceeding 3% annual population increase since 2015, projects strong future value appreciation for this investment. The flexible zoning allows for both small and large-scale developments, catering to a wide range of commercial and residential needs. This prime location and zoning flexibility make this property an attractive investment opportunity with significant potential for income generation and long-term value growth. The property's potential to accommodate a variety of uses, combined with the area's consistent growth, makes it an ideal choice for developers seeking a high-impact investment in a thriving Florida market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,384 SF
Lot 1 ac (43,750 SF)
Zoning code OPI
APN 0996-00-2911
UPID US18-4558220
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.30M
Owner & transaction history
Omali Properties LLC · 19 yrs held
Omali Properties LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
OPI · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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