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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office buildings
6350 Gulf Of Mexico Dr Longboat Key, FL 34228-1501
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3022481
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Total area
3,520 SF
Lot
1.3 ac (56,802 SF)
Zoning code
LBK_C-1
APN
78402.0010-4
UPID
US18-3022481
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 Financial Group LLC Financial Advisor
-
Secur-All Insurance Agency Insurance Agency
-
CENTURY 21 Beggins Enterprises Real Estate Agency
-
Reed Medical Group Physician
-
Marys Maid Cleaning Corp (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$903k
Blend (final)
Blend
$890k
Owner & transaction history
Christ Church Of Longboat Key INC · 1 yrs held
Christ Church Of Longboat Key INC
since 2024
2 recorded transactions
Zoning & alternative use
LBK_C-1 · Longboat Key, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+36.3%
Retail stores
$1.1M
+26.8%
Commercial (general)
$1.0M
+21.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,010,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$253 / 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
$19,102
Tax year 2023
Assessed value
$1,211,509
Assessed 2023
Previous assessed
$1,182,705
+2.4% YoY
Effective rate
1.58%
On assessed value
Assessed land
$745,450
Assessed improvement
$466,059
Land market value
$745,450
Improvement market value
$466,059
Total market value
$1,211,509
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
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Units
4
Bathrooms
4
Total area
3,520 SF
Lot
1.3 ac (56,802 SF)
Zoning code
LBK_C-1
APN
78402.0010-4
UPID
US18-3022481
Jurisdiction
MANATEE
Zoning & alternative use
LBK_C-1 · Longboat Key, FL
Zoning LBK_C-1 · permitted uses
LBK_C-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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1952
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
4
Bathrooms
4
Lot
1.3 ac
Current owner
From public records · entity-resolved
Christ Church Of Longboat Key INC
Entity
Free & Clear · 1 yrs held
Mailing address
6400 GULF OF MEXICO DR, LONGBOAT KEY, FL 34228-1414
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Christ Church Of Longboat Key INC
6350 Gmd LLC
Deed
—
Apr 17, 2015
$1,100,000
6350 Gmd LLC
Hood Samuel J & Hilda G
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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