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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Turn key restaurants
576 Blackburn Pt Rd Osprey, FL 34229-9108
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1251356
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,475 SF
Lot
0.13 ac (5,672 SF)
Zoning code
CM
APN
0157-03-4002
UPID
US18-1251356
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
-
Shipwrecked Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$705k
Owner & transaction history
576 Bpr LLC · 1 yrs held
576 Bpr LLC
since 2025
Last sale
$876,000
6 recorded transactions
Zoning & alternative use
CM · Osprey, 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 Osprey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Osprey 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
$605,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $876k (Mar 2 2025)
Last sale anchor
$876k
Mar 2 2025
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
$158 / 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
$7,645
Tax year 2023
Assessed value
$541,800
Assessed 2023
Previous assessed
$595,800
-9.1% YoY
Effective rate
1.41%
On assessed value
Assessed land
$191,700
Assessed improvement
$350,100
Land market value
$191,700
Improvement market value
$350,100
Total market value
$541,800
Applied tax rate
9,201.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
4,475 SF
Lot
0.13 ac (5,672 SF)
Zoning code
CM
APN
0157-03-4002
UPID
US18-1251356
Jurisdiction
SARASOTA
Zoning & alternative use
CM · Osprey, FL
Zoning CM · permitted uses
CM · Osprey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Osprey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
576 Bpr LLC
Entity
Mailing address
825 COLONIAL RD, VENICE, FL 34293-6661
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
$876,000
576 Bpr LLC
Nb Real Estate Holdco LLC
Special Warranty Deed
$744,600 · Smartbank
Mar 7, 2025
—
Nb Real Estate Holdco LLC
Newtek Bank National Association
Quitclaim Deed
related
—
Aug 23, 2023
—
Southern Florida Property Dev Co Ll
—
Deed
related
$247,100 · Newtek Bank NA
Jun 15, 2023
$600,000
Southern Florida Property Dev Co Ll
Blackburn Investments LLC
Warranty Deed
$475,000 · Edna M And Aaron E Gingerich Foundation
Mar 21, 2007
$275,300
Skids Investments LLC
Dtm Dev INC
Warranty Deed
$775,000 · Everbank
Mar 21, 2007
$505,100
Blackburn Investments LLC
Dtm Dev INC
Warranty Deed
—
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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