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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Office buildings
6950 Outreach Way North Port, FL 34287-3405
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-4535933
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,389 SF
Lot
1.85 ac (80,586 SF)
Zoning code
GU
APN
0996-00-4001
UPID
US18-4535933
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
$3.45M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.06M
Owner & transaction history
Sarasota County · 16 yrs held
Sarasota County
since 2009
3 recorded transactions
Zoning & alternative use
GU · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The government use district supports federal, state, or local governmental uses. Development in GU districts shall be completed by government agencies or private entities in partnership with a government agency.
Zone name
Government Use
General category
CIVIC_INSTITUTIONAL
Zone area
816.33 ac
Source
Realmo
Top alternative use upside
Medical building
$4.8M
+25.8%
Retail stores
$4.2M
+10.4%
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 North Port submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Port 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%
$3,730,000
6.5%
$3,445,000
7%
$3,195,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,835,000
Current use
MEDICAL BUILDING
$4,820,000
Change: +26% · Conversion: Easy
RETAIL STORES
$4,230,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±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
$213 / 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
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$1,813,400
+10.3% YoY
Assessed land
$131,200
Assessed improvement
$1,868,800
Land market value
$131,200
Improvement market value
$1,868,800
Total market value
$2,000,000
Applied tax rate
500.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
16
Bathrooms
4
Total area
14,389 SF
Lot
1.85 ac (80,586 SF)
Zoning code
GU
APN
0996-00-4001
UPID
US18-4535933
Jurisdiction
SARASOTA
Zoning & alternative use
GU · North Port, FLZoning GU · permitted uses
GU · North Port, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The government use district supports federal, state, or local governmental uses. Development in GU districts shall be completed by government agencies or private entities in partnership with a government agency.
Zone name
Government Use
General category
CIVIC_INSTITUTIONAL
Zone area
816.33 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.2M
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
16
Bathrooms
4
Lot
1.85 ac
Current owner
From public records · entity-resolved
Sarasota County
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 8TH 8, SARASOTA, FL 34230-0008
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2009
$525,000
Sarasota County
Senior Friendship Centers INC
Warranty Deed
—
May 14, 2004
$600,000
Senior Friendship Centers INC
Ackerman Family Properties
Grant Deed
—
Jun 15, 2000
$400,000
Ackerman Family Properties LLP
Lowell,harry M
Grant 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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