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Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Office Spaces
5610 Gulf Of Mexico Dr Ste 2 Longboat Key, FL 34228-1900
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3592278
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
1,110 SF
Lot
0.03 ac (1,110 SF)
Zoning code
LBK_C-1,LBK_R-4SF
APN
79588.0020-8
UPID
US18-3592278
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
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
Shawn D Hamilton · 7 yrs held
Shawn D Hamilton
since 2019
5 recorded transactions
Zoning & alternative use
LBK_C-1,LBK_R-4SF · Longboat Key, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
$239 / 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
$2,473
Tax year 2023
Assessed value
$133,034
Assessed 2023
Previous assessed
$133,200
-0.1% YoY
Effective rate
1.86%
On assessed value
Assessed improvement
$133,034
Improvement market value
$133,034
Total market value
$133,034
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
1
Total area
1,110 SF
Lot
0.03 ac (1,110 SF)
Zoning code
LBK_C-1,LBK_R-4SF
APN
79588.0020-8
UPID
US18-3592278
Jurisdiction
MANATEE
Zoning & alternative use
LBK_C-1,LBK_R-4SF · Longboat Key, FLZoning LBK_C-1,LBK_R-4SF · permitted uses
LBK_C-1,LBK_R-4SF · Longboat Key, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Shawn D Hamilton
Individual
Mailing address
615 SAINT JUDES DR N, LONGBOAT KEY, FL 34228-1825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 14, 2019
$1,125,000
Shawn D Hamilton
Albritton Groves Ltd
Warranty Deed
$980,000 · Floyd C Johnson & Flo Singer J
Sep 7, 2005
—
Albritton Groves Ltd
Real Estate Parking
Grant Deed
related
—
Jul 8, 2005
$1,750,000
Real Estate Parking Co
Tlc & Papa LLC
Warranty Deed
—
Jun 23, 2004
$1,250,000
Tlc & Papa LLC
Hlywa,andrew
Grant Deed
$880,000 · Horizon Bank
—
—
Shawn D Hamilton
—
Loan Modification
related
$250,000 · Floyd C Johnson & Flo Singer J
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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