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Property profile & analytics
OFF-MARKET Estimated value $6,825,000
Office buildings

6851 Professional Pkwy Lakewood Ranch, FL 34240-8456

25,702 SF 2.3 ac lot Built 2001
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4545386
Property summary
AI-generated overview

This exceptional 26,774-square-foot office building, constructed in 2005, presents a unique opportunity in Sarasota's desirable Lakewood Ranch Corporate Park. The single-tenant occupancy allows for complete customization and control. The building boasts a flexible layout suitable for a variety of businesses, with ceiling heights ranging from 9'6" to 14'2", providing ample space and versatility. Situated on a 2.3-acre lot, the property features 68 parking spaces, ensuring convenient access for employees and clients. The building's design incorporates features focused on security and comfort, creating a productive and welcoming work environment. The property is zoned PCD (Planned Commerce Development), offering flexibility for future expansion or modifications. With its two stories and one building, this property offers a manageable and efficient workspace. Elevators are available for easy access to both floors. The building's location in the thriving Sarasota submarket provides excellent access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial, well-maintained office building in a prime location. The vacant space allows for immediate occupancy and the chance to create a truly bespoke workspace. Don't miss this chance to secure your business's future in this exceptional property.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 25,702 SF
Lot 2.3 ac (100,057 SF)
Zoning code PCD
APN 0189-08-0001
UPID US18-4545386
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.15M
Comparable Approach Comparable
$8.50M
Blend (final) Blend
$6.83M
Owner & transaction history
Professional Parkway Assocs Ll · 21 yrs held
Professional Parkway Assocs Ll
since 2005
2 recorded transactions
2005
$2.6M
1969
Price N/A
Zoning & alternative use
PCD · Lakewood Ranch, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $11.3M +36.2%
Medical building $10.2M +23.2%
Retail stores $10.2M +22.4%
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