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Property profile & analytics
OFF-MARKET
Office buildings
6040 Gulf Of Mexico Dr Longboat Key, FL 34228-1706
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4285747
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Construction
CONCRETE
Total area
1,470 SF
Lot
0.87 ac (38,002 SF)
Zoning code
LBK_M-1
APN
78499.0000-1
UPID
US18-4285747
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
-
Longboat Key Boat Service & Parts (Bike/Boat/Book/etc) Store
-
Longboat Key Boat Rentals Boat Rental Service
-
Cannons Marina Boat Sales (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Alan Miller LLC · 2 yrs held
David Alan Miller LLC
since 2024
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
LBK_M-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,863
Tax year 2022
Assessed value
$871,351
Assessed 2023
Previous assessed
$745,165
+16.9% YoY
Effective rate
1.36%
On assessed value
Assessed land
$581,436
Assessed improvement
$289,915
Land market value
$581,436
Improvement market value
$289,915
Total market value
$871,351
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Units
1
Bathrooms
1
Total area
1,470 SF
Lot
0.87 ac (38,002 SF)
Zoning code
LBK_M-1
APN
78499.0000-1
UPID
US18-4285747
Jurisdiction
MANATEE
Zoning & alternative use
LBK_M-1 · Longboat Key, FL
Zoning LBK_M-1 · permitted uses
LBK_M-1 · Longboat Key, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longboat Key. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
David Alan Miller LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6850 PNE ST, LONGBOAT KEY, FL 34228-1220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$225,000
David Alan Miller LLC
David A Miller
Special Warranty Deed
—
Jun 19, 2020
$175,000
Cannons Real Estate LLC
David A Miller
Grant Deed
—
Oct 19, 2017
$875,000
Cannons Real Estate LLC
Miller,david A
Grant Deed
—
Oct 19, 2017
—
Cannons Real Estate LLC
—
Deed
related
$3,500,000 · Hancock Bk
Sep 3, 2008
—
Miller David A Tr
Miller,david A
Quit Claim Deed
related
—
Jul 29, 1997
—
David A Miller
Miller,david A
Quit Claim Deed
related
$350,000 · First Union Nat'l Bank Florida
—
—
David A Miller
—
Deed Of Trust
related
$400,000 · Southtrust Bank NA
—
—
Miller,david A
—
Loan Modification
related
$2,999,900 · Whitney Bk
—
—
Cannons Marina INC
—
Deed Of Trust
related
$1,690,000 · Wachovia Bank NA
—
—
Cannons Real Estate LLC
—
Loan Modification
related
$3,500,000 · Hancock Bk
—
—
David A Miller
—
Deed Of Trust
related
$200,000 · Southtrust Bank NA
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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