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Property profile & analytics
FOR LEASE
Office buildings
6901 Professional Pkwy Sarasota, FL 34240
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4258515
For Lease
1 / 9
$1,030,000
6901 Professional Pkwy, Sarasota, FL 34240
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
49,246 SF
Lot
3.89 ac (169,243 SF)
Zoning code
PCD
APN
0187-05-0008
UPID
US18-4258515
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
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Magnolia Green Property Owners Assn · 3 yrs held
Magnolia Green Property Owners Assn
since 2022
Last sale
$846,200
4 recorded transactions
Zoning & alternative use
PCD · Lakewood Ranch, 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
$1,025,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $846k (Sep 16 2022)
Last sale anchor
$846k
Sep 16 2022
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
$21 / 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
$103,103
Tax year 2023
Assessed value
$7,823,800
Assessed 2023
Previous assessed
$7,823,800
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,269,700
Assessed improvement
$6,554,100
Land market value
$1,269,700
Improvement market value
$6,554,100
Total market value
$7,823,800
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 (MULTI-STORY)
Status
For Lease
Year built
2005
Heating
YES
Cooling
YES
Stories
2
Total area
49,246 SF
Lot
3.89 ac (169,243 SF)
Zoning code
PCD
APN
0187-05-0008
UPID
US18-4258515
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.
Building & site characteristics
From public records
Year built
2005
Heating
YES
Cooling
Yes
Stories
2
Lot
3.89 ac
Current owner
From public records · entity-resolved
Magnolia Green Property Owners Assn
Entity
Free & Clear · 3 yrs held
Mailing address
5391 LAKEWOOD RNCH BLVD N STE #100, LAKEWOOD RANCH, FL 34240-8622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Magnolia Green Property Owners Assn
Casto Center Point Main LLC
Special Warranty Deed
—
Feb 7, 2017
—
Magnolia Green 3 LLC
—
Deed
related
$5,940,000 · Northern Tr
—
—
Magnolia Green 3 LLC
—
Deed Of Trust
related
$2,550,657 · Lehman Brothers Bank Fsb
—
—
Magnolia Green 3 LLC
—
Deed Of Trust
related
$5,940,000 · Northern Tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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