Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5602 Marquesas Cir13-m Sarasota, FL 34233-3310

    • Office Properties & Spaces
    • 718 SF
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    3.2%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US18-5913012
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 5602 Marquesas Cir13-m

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    718 SF
    Zone code
    OPI
    Property type
    Office Properties & Spaces
    APN
    0090-10-1048
    APU
    90101048

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $254,000
      Market price range: $187k - $277k
      AI Estimate
      $225,000
      Market price range: $151k - $249k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $215,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Change: +136% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $500,000
      Change: +134% Conversion: Easy
      AUTO REPAIR, GARAGE
      $315,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $285,000
      Change: +33% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4883
    Latitude
    27.2717
    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
    $2,103
    $0.00
    $167,800
    $167,800
    -
    $0.00
    $167,800
    $167,800

    Comparable in this City

    • Value Estimation
      $270,000
      625 SF

      5560 Bee Rdg Rdd2

      CONDOMINIUM OFFICES • 625 SF
      5560 Bee Rdg Rdd2, Sarasota, FL 34233-1508
      View Details
    • Value Estimation
      $270,000
      816 SF

      3982 Bee Rdg Rdl

      CONDOMINIUM OFFICES • 816 SF
      3982 Bee Rdg Rdl, Sarasota, FL 34233-1210
      View Details
    • Value Estimation
      $280,000
      1,050 SF

      5779 Beneva Rd, Unit 15

      CONDOMINIUM OFFICES • 1,050 SF
      5779 Beneva Rd, Sarasota, FL 34233-4105
      View Details
    • Value Estimation
      $370,000
      1,260 SF

      5260 Sta Wayb101-b114

      CONDOMINIUM OFFICES • 1,260 SF
      5260 Sta Wayb101-b114, Sarasota, FL 34233-3232
      View Details
    • Value Estimation
      $395,000
      1,410 SF

      5160 Sta Wayf201-f209

      CONDOMINIUM OFFICES • 1,410 SF
      5160 Sta Wayf201-f209, Sarasota, FL 34233-3221
      View Details
    • Value Estimation
      $320,000
      1,222 SF

      5500 Bee Rdg Rd Ste, Unit 101

      CONDOMINIUM OFFICES • 1,222 SF
      5500 Bee Rdg Rd Ste, Sarasota, FL 34233-1502
      View Details

    Similar Nearby for Sale

    • $456,000
      2,124 SF

      Sarasota Medical Office Building

      Prime Sarasota medical office, 2124 sq ft.
      3982 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $3,690,000
      52,041 SF

      Visible Commercial Property on Clark

      Highly visible 1.2-acre property with two buildings on site.
      4343 Clark Rd, Sarasota, FL 34233
      View Details
    • $800,000
      2,314 SF

      Sarasota Class A Office Condo

      Professional office condo near US-41 and I-75.
      5725 Lawton Dr, Sarasota, FL 34233
      View Details
    • Contact for pricing
      164,677 SF

      Medical Office Building Portfolio

      Nine-building medical office portfolio in rapidly growing Southwest Florida.
      3844 Bee Ridge Road Ext, Sarasota, FL 34233
      View Details
    • $2,695,000
      20,040 SF

      Park Place Medical Office

      Park Place Medical Office
      5310 Clark Rd, Sarasota, FL 34233
      View Details
    • Contact for pricing
      164,677 SF

      Medical Office Portfolio For Sale

      Nine-building medical portfolio anchored by MaxHealth across Florida's Gulf Coast.
      3844 Bee Ridge Rd, Sarasota, FL 34233
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      7,400 SF

      Medical Office Space For Rent

      7,400 SF medical office space in Bee Ridge Medical Center.
      4016 Sawyer Rd, Sarasota, FL 34233
      View Details
    • Contact for pricing
      45,032 SF

      Sarasota Office Space for Lease

      Medical & executive suites available.
      4937 Clark Rd, Sarasota, FL 34233
      View Details
    • $13 SF/Yr
      1,536 SF

      Multi-Tenant Office Building For Rent

      Multi-tenant office building with 1,536 square feet available for lease.
      3801 Bee Ridge Rd, Sarasota, FL 34233
      View Details
    • $21 SF/Yr
      5,000 SF

      Lakefront Professional Office Space

      5,000 SF office with lakefront views in Sarasota, FL.
      5717 Bessie Dr, Sarasota, FL 34233
      View Details
    • $30 SF/Yr
      1,500 SF

      Furnished Office Condo For Rent

      Furnished 1,500 Sq Ft office condo in Sarasota, FL.
      3900 Clark Rd, Sarasota, FL 34233
      View Details
    • $28 SF/Yr
      1,720 SF

      Medical Building in Palmer Ranch

      Two-story medical building with ample parking and high visibility.
      5310 Clark Rd, Sarasota, FL 34233
      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.
    5602 Marquesas Cir13-m
    Sarasota, FL 34233-3310
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.