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Property profile & analytics
OFF-MARKET
Estimated value
$4,810,000
Office buildings
6900 Professional Pkwy Lakewood Ranch, FL 34240-8414
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3732007
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,102 SF
Lot
2.51 ac (109,335 SF)
Zoning code
PCD
APN
0187-05-0006
UPID
US18-3732007
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
$4.57M
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$4.81M
Owner & transaction history
Lakeridge Investment Corp · 29 yrs held
Lakeridge Investment Corp
since 1997
2 recorded transactions
Zoning & alternative use
PCD · Lakewood Ranch, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.6M
+23.2%
Retail stores
$7.5M
+22.4%
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 Lakewood Ranch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood Ranch 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%
$4,950,000
6.5%
$4,570,000
7%
$4,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,165,000
Current use
MEDICAL BUILDING
$7,595,000
Change: +23% · Conversion: Easy
RETAIL STORES
$7,540,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$4.81M
Range $4.33M – $5.29M · ±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
$252 / 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
$41,702
Tax year 2023
Assessed value
$3,126,700
Assessed 2023
Previous assessed
$2,914,500
+7.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$759,700
Assessed improvement
$2,367,000
Land market value
$759,700
Improvement market value
$2,367,000
Total market value
$3,126,700
Applied tax rate
100.0000
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
54
Total area
19,102 SF
Lot
2.51 ac (109,335 SF)
Zoning code
PCD
APN
0187-05-0006
UPID
US18-3732007
Jurisdiction
SARASOTA
Zoning & alternative use
PCD · Lakewood Ranch, FL
Zoning PCD · permitted uses
PCD · Lakewood Ranch, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood Ranch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
54
Lot
2.51 ac
Current owner
From public records · entity-resolved
Lakeridge Investment Corp
Entity
Mailing address
5969 CATTLERIDGE BLVD STE #200, SARASOTA, FL 34232-6050
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Aug 2, 1999
—
Florida Employers Ins Svc Corp
—
Deed Of Trust
related
$45,000,000 · Suntrust Bank Central Florida
Mar 18, 1997
$366,300
Lakeridge Investment Corp
Lakewood Ranch Corporate Park
Grant Deed
related
$1,800,000 · Barnett Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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