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Property profile & analytics
OFF-MARKET
Individual retail properties
645 Cedars Ct, Longboat Key, FL 34228-1847
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-9500734
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
6,048 SF
Lot
3.63 ac (158,123 SF)
Zoning code
LBK_R-3MX (PD)
APN
79273.0425-8
UPID
US18-9500734
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
-
CENTURY 21 Beggins Enterprises Real Estate Agency
-
Hugo II Restaurant
-
Cedars Tennis Resort & Club Sports School Sports Field & Court
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
Rvai Cedars Real Estate LLC · 14 yrs held
Rvai Cedars Real Estate LLC
since 2012
7 recorded transactions
Zoning & alternative use
LBK_R-3MX (PD) · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,788
Tax year 2023
Assessed value
$1,035,859
Assessed 2023
Previous assessed
$962,362
+7.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$296,208
Assessed improvement
$739,651
Land market value
$296,208
Improvement market value
$739,651
Total market value
$1,035,859
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
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,048 SF
Lot
3.63 ac (158,123 SF)
Zoning code
LBK_R-3MX (PD)
APN
79273.0425-8
UPID
US18-9500734
Jurisdiction
MANATEE
Zoning & alternative use
LBK_R-3MX (PD) · Longboat Key, FL
Zoning LBK_R-3MX (PD) · permitted uses
LBK_R-3MX (PD) · 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
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Rvai Cedars Real Estate LLC
Entity
Mailing address
1626 RINGLING BLVD STE #500, SARASOTA, FL 34236-6830
Ownership since
2012
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
Jan 3, 2017
—
Rvai Cedars Real Estate LLC
—
Deed
related
$400,000 · Sabal Palm Bk
Nov 23, 2016
—
Rvai Cedars Real Estate LLC
—
Deed
related
$300,000 · Centennial Bk
Mar 6, 2012
$1,050,000
Rvai Cedars Real Estate LLC
Cedars Tennis & Fitness Club I
Warranty Deed
$1,800,000 · Cedars Tennis & Fitness Club I
Feb 18, 2009
—
Cedars Tennis Club INC
Cedars East Condo Assn INC
Quit Claim Deed
related
—
May 16, 2008
$1,050,000
Cedars Tennis Club INC
Cedars Recreational Props INC
Grant Deed
—
May 8, 2008
—
Cedars Tennis Club INC
—
Trustees Deed
related
$1,250,000 · Charles A JR & Beatrice S Meyer
—
—
Tennis Cedars
—
Deed Of Trust
related
$1,250,000 · Charles A JR & Beatrice S Meyer
—
—
Rvai Cedars Real Estate LLC
—
Deed Of Trust
related
$1,150,000 · Bay Cities Bank
—
—
Rvai Cedars Real Estate LLC
—
Deed Of Trust
related
$1,050,000 · Sabal Palm Bk
—
—
Rvai Cedars Real Estate LLC
—
Deed Of Trust
related
$400,000 · Sabal Palm Bk
—
—
Rvai Cedars Real Estate LLC
—
Loan Modification
related
$300,000 · Centennial Bk
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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