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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
Community centers
6251 Lk Osprey Dr Sarasota, FL 34240
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4742788
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Total area
32,691 SF
Lot
3.28 ac (142,790 SF)
Zoning code
PD-MU
APN
5879.1173-9
UPID
US18-4742788
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
-
Copeland Inc Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.34M
Owner & transaction history
Jeffrey Berlin · 7 yrs held
Jeffrey Berlin
since 2018
7 recorded transactions
Zoning & alternative use
PD-MU · Sarasota, 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 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%
$7,180,000
6.5%
$6,625,000
7%
$6,155,000
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±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
$194 / 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
$97,983
Tax year 2023
Assessed value
$6,409,734
Assessed 2023
Previous assessed
$6,232,602
+2.8% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,065,226
Assessed improvement
$5,344,508
Land market value
$1,065,226
Improvement market value
$5,344,508
Total market value
$6,409,734
Applied tax rate
310.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Units
23
Total area
32,691 SF
Lot
3.28 ac (142,790 SF)
Zoning code
PD-MU
APN
5879.1173-9
UPID
US18-4742788
Jurisdiction
MANATEE
Zoning & alternative use
PD-MU · Sarasota, FL
Zoning PD-MU · permitted uses
PD-MU · 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.
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Units
23
Lot
3.28 ac
Current owner
From public records · entity-resolved
Jeffrey Berlin
Individual
Mailing address
200 N WASHINGTON BLVD, SARASOTA, FL 34236-5922
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2018
$6,465,000
Jeffrey Berlin
2014 Lake Osprey LLP
Special Warranty Deed
$2,300,000 · Centerstate Bank Of Florida NA
Dec 16, 2014
$3,675,000
2014 Lake Osprey Lllp
Wells Fargo Bk N 2005-c4
Grant Deed
—
Apr 28, 2014
$100
Wells Fargo Bank NA 2005-c4 Tr
Lake Osprey Village Ll Coc
Trustees Deed
related
—
Jul 21, 2005
$7,000,000
Lake Osprey Village LLC
Shoppes At Friendship LLC
Warranty Deed
$5,600,000 · Column Financial INC
Mar 6, 2003
$1,142,500
Shoppes At Friendship LLC
Schroeder Manatee Ranch INC
Grant Deed
$966,292 · Regions Bank
—
—
Shoppes At Friendship LLC
—
Loan Modification
related
$500,000 · Landmark Bk/fl
—
—
Shoppes At Friendship LLC
—
Deed Of Trust
related
$3,700,000 · Landmark Bank Of Florida
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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