Add Listing
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

    5955 Rand Blvd Sarasota, FL 34238-5160

    • Specialty properties
    • 9,724 SF
    • 60.53 lot acres
    OFF-MARKET
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3451964
    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

    • Dr. Kimberly Marsters / Pediatrician / Physician
    • Braden Vanderwall / Physician
    • Dr. Richard Diamond / Physician
    • Tidewell Hospice - Administration / Charitable Organization / Social Service Agency
    • Owens Alexandra S MD / Physician

    Property Details for 5955 Rand Blvd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    60.53 lot acres
    Property size
    9,724 SF
    Zone code
    GU
    Property type
    Specialty properties
    APN
    0095-03-0001
    APU
    95030001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,790,000
      Market price range: $571k - $1.79M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $1,060,000
      Current use
      RETAIL STORES
      $2,100,000
      Change: +98% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,075,000
      Change: +96% Conversion: Difficult
      RESTAURANT
      $2,060,000
      Change: +94% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,960,000
      Change: +85% Conversion: Difficult
      OFFICE BUILDING
      $1,735,000
      Change: +63% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4585
    Latitude
    27.2652
    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
    $0.00
    $10,754,100
    $3,967,200
    $14,721,300
    -
    $10,754,100
    $3,967,200
    $14,721,300

    Comparable in this City

    • Value Estimation
      $1,670,000
      25,800 SF

      3600 Torrey Pnes Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 25,800 SF
      3600 Torrey Pnes Blvd, Sarasota, FL 34238-2827
      View Details
    • Value Estimation
      $500,000
      3,880 SF

      5831 Derek Ave

      CHARITABLE ORGANIZATION • 3,880 SF
      5831 Derek Ave, Sarasota, FL 34238-2776
      View Details
    • Value Estimation by Request
      3,746 SF

      8447 Tamiami Trl

      CHARITABLE ORGANIZATION • 3,746 SF
      8447 Tamiami Trl, Sarasota, FL 34238-2959
      View Details
    • Value Estimation
      $4,130,000
      61,011 SF

      8301 Potter Park Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 61,011 SF
      8301 Potter Park Dr, Sarasota, FL 34238-5518
      View Details
    • Value Estimation by Request
      1.17 Acres

      Honore Ave

      WASTE DISPOSAL, SEWAGE • 1.17 Acres
      Honore Ave, Sarasota, FL 34238
      View Details
    • Value Estimation by Request
      2.60 Acres

      Honore Ave

      WASTE DISPOSAL, SEWAGE • 2.60 Acres
      Honore Ave, Sarasota, FL 34238
      View Details

    Similar Nearby for Sale

    • $275,000
      1,353 SF

      Bright End Unit Condo

      Condo near Siesta Key with many community amenities.
      3711 Pinecone Ct, Sarasota, FL 34238
      View Details
    • Contact for pricing
      1,604 SF

      Spacious Condo Near Siesta Key

      Move-in ready condo with updated features and community amenities.
      4230 Castlebridge Ln, Sarasota, FL 34238
      View Details
    • $1,350,000

      Prime Corner Parcel in Sarasota

      Exceptional retail development opportunity with high visibility and accessibility.
      8927 South Tamiami Trl, Sarasota, FL 34238
      View Details
    • $360,000
      1,353 SF

      Updated Villa Near Siesta Key

      Turnkey furnished villa with amenities and income potential.
      3630 White Pine Ct, Sarasota, FL 34238
      View Details
    • $1,350,000

      Prime Corner Parcel on Tamiami

      Exceptional retail development opportunity in thriving Sarasota area.
      8927 South Tamiami Trl, Sarasota, FL 34238
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near US 41

      Retail spaces available near Tamiami Trail (US 41).
      3880 Central Sarasota Pkwy, Sarasota, FL 34238
      View Details
    • $27 SF/Yr
      800 SF

      Retail Space Near Tamiami Trail

      Retail space available near Tamiami Trail and Central Sarasota Parkway.
      8409-8599 S Tamiami Trl, Sarasota, FL 34238
      View Details
    • $15 SF/Yr

      Medical Office Space For Rent

      Well-maintained office complex near I-75, suitable for medical or professional use.
      5989 Approach Rd, Sarasota, FL 34238
      View Details
    • Contact for pricing

      Storage Units with 24/7 Access

      Storage complex with individual units and secure parking.
      6043 Deacon Rd, Sarasota, FL 34238
      View Details
    • Contact for pricing

      Retail Space in Sarasota Mall

      Retail opportunity in redeveloping Sarasota Square Mall area.
      3950 Central Sarasota Pkwy, Sarasota, FL 34238
      View Details
    • $20 SF/Yr
      8,225 SF

      Furnished Office Space Sublease Opportunity

      Furnished office space in a desirable Sarasota location for sublease.
      7100 S Beneva Rd, Sarasota, FL 34238
      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.
    5955 Rand Blvd
    Sarasota, FL 34238-5160
    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.
    Sign Up Successful!
    You now have access to more from Realmo!