Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,880,000
Office buildings
5600 Bee Rdg Rd Sarasota, FL 34233-1500
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3172846
Property summary
AI-generated overview
This exceptional 2,200 square foot Class A office space is available for lease at 5600 Bee Ridge Rd, Sarasota, FL 34233. Located in Sarasota County, this traditional office suite offers a fantastic opportunity for businesses seeking a highly visible and accessible location. Situated just off I-75 at the signalized intersection of Bee Ridge Road and Center Gate Boulevard, the property benefits from exceptional visibility and convenient access for both employees and clients. The building provides ample parking, ensuring ease of access for everyone. The interior boasts a flexible layout, adaptable to various business needs, and abundant natural light creating a pleasant and productive work environment. The multiple tenancy structure allows for a diverse range of potential occupants. This property is ideal for a variety of office users seeking a prime location in Sarasota with easy highway access and ample parking. The space is ready for immediate occupancy. Don't miss this chance to secure this exceptional office space in a thriving Sarasota location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,494 SF
Lot
1.03 ac (44,867 SF)
Zoning code
OPI
APN
0066-03-0003
UPID
US18-3172846
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
-
Summit Video Services Film Production Television Studio
-
BayFirst Bank Loan Service
-
BB&T Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.88M
Owner & transaction history
First Home Bank · 4 yrs held
First Home Bank
since 2021
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+47.6%
Retail stores
$4.1M
+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%
$2,720,000
6.5%
$2,510,000
7%
$2,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,125,000
Current use
AUTO REPAIR, GARAGE
$4,610,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$4,145,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$3,110,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.88M
Range $2.59M – $3.17M · ±10% · vs last sale $2.80M (Oct 8 2021)
Last sale anchor
$2.80M
Oct 8 2021
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
$274 / 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
$28,672
Tax year 2023
Assessed value
$2,206,200
Assessed 2023
Previous assessed
$2,035,400
+8.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,039,800
Assessed improvement
$1,166,400
Land market value
$1,039,800
Improvement market value
$1,166,400
Total market value
$2,206,200
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
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
37
Bathrooms
10
Total area
10,494 SF
Lot
1.03 ac (44,867 SF)
Zoning code
OPI
APN
0066-03-0003
UPID
US18-3172846
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Sarasota, FL
Zoning OPI · permitted uses
OPI · 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
$3.1M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
37
Bathrooms
10
Lot
1.03 ac
Current owner
From public records · entity-resolved
First Home Bank
Entity
Free & Clear · 4 yrs held
Mailing address
700 CENTRAL AVE, ST PETERSBURG, FL 33701-3631
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
$2,800,000
First Home Bank
Virginia L Gifford
Warranty Deed
—
Jun 25, 2021
—
Virginia L Gifford
Virginia L Gifford
Intrafamily Transfer
related
—
Mar 26, 1998
$1,475,000
Russell K Gifford
Salsbury,bud L
Grant Deed
$307,456 · Suntrust Bank Gulf Coast
—
—
Bud L Salsbury
—
Deed Of Trust
related
$59,618 · Barnett 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5600 Bee Rdg Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
