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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Office buildings
5632 Bee Rdg Rd Sarasota, FL 34233-1556
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4568627
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,898 SF
Lot
1.15 ac (50,094 SF)
Zoning code
OPI
APN
0066-03-2001
UPID
US18-4568627
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
-
I.U.P.A. International Union of Police Associations Advocacy Group
-
AmStar Litigation Support Law Firm
-
MindSpa Integrative Wellness Center Physician Alternative Medicine Practice
-
CEU Professional Alternative Medicine Practice Vocational School
-
National Police and Troopers Association Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.28M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$5.01M
Owner & transaction history
Iu Infrastructures LLC · 7 yrs held
Iu Infrastructures LLC
since 2018
4 recorded transactions
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+47.6%
Retail stores
$7.1M
+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%
$4,640,000
6.5%
$4,280,000
7%
$3,975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,330,000
Current use
AUTO REPAIR, GARAGE
$7,865,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$7,065,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$5,305,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±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
$280 / 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
$44,983
Tax year 2023
Assessed value
$3,762,800
Assessed 2023
Previous assessed
$3,141,100
+19.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,123,300
Assessed improvement
$2,639,500
Land market value
$1,123,300
Improvement market value
$2,639,500
Total market value
$3,762,800
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
27
Bathrooms
6
Total area
17,898 SF
Lot
1.15 ac (50,094 SF)
Zoning code
OPI
APN
0066-03-2001
UPID
US18-4568627
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
$5.3M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$5.3M
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
27
Bathrooms
6
Lot
1.15 ac
Current owner
From public records · entity-resolved
Iu Infrastructures LLC
Entity
Mailing address
5632 BEE RDG RD, SARASOTA, FL 34233-1556
Ownership since
2018
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
Jan 8, 2020
—
International Union Of Police Ass
—
Deed
related
$2,206,035 · Bank Of Labor
Aug 9, 2018
$2,600,000
Iu Infrastructures LLC
Churt Properties INC
Warranty Deed
$2,100,000 · Bank Of Labor
—
—
Iu Infrastructure LLC
—
Deed Of Trust
related
$90,000 · Bank Of Labor
—
—
International Union Of Police Ass
—
Loan Modification
related
$2,206,035 · Bank Of Labor
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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