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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
7155 Wauchula Rd Myakka City, FL 34251-8852
Entity Owned
Free & Clear
Property ID
US18-8407815
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,112 SF
Lot
72.08 ac (3,139,805 SF)
Zoning code
A
APN
792.0030-9
UPID
US18-8407815
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
$355k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$565k
Owner & transaction history
Corteva Agriscience LLC
Corteva Agriscience LLC
since 2025
7 recorded transactions
Zoning & alternative use
A · Myakka City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$680,000
+36.3%
Retail stores
$630,000
+26.8%
Commercial (general)
$605,000
+21.7%
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 Myakka City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Myakka City 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
AUTO REPAIR, GARAGE
$680,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$605,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$268 / 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
$12,373
Tax year 2023
Assessed value
$898,571
Assessed 2023
Previous assessed
$674,583
+33.2% YoY
Effective rate
1.38%
On assessed value
Assessed land
$589,654
Assessed improvement
$308,917
Land market value
$589,654
Improvement market value
$308,917
Total market value
$898,571
Applied tax rate
310.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
2,112 SF
Lot
72.08 ac (3,139,805 SF)
Zoning code
A
APN
792.0030-9
UPID
US18-8407815
Jurisdiction
MANATEE
Zoning & alternative use
A · Myakka City, FL
Zoning A · permitted uses
A · Myakka City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myakka City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$680,000
RETAIL STORES
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$605,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
72.08 ac
Current owner
From public records · entity-resolved
Corteva Agriscience LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1000, JOHNSTON, IA 50131-9411
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$1,315,000
Corteva Agriscience LLC
Agrigenetics INC
Warranty Deed
—
Aug 6, 2019
—
Gene R Wingate JR
—
Deed
related
$95,280 · Florida Fed'l Land Bk Assn Flc
Jun 7, 2019
$100
Gene Wingate
Summers,linda
Quit Claim Deed
related
—
Dec 17, 2015
$1,367,500
Gene Wingate
King Ranch-manatee INC
Grant Deed
$1,267,000 · Private Individual
Dec 17, 2015
$82,500
King Farm-myakka LLC
King Ranch-manatee INC
Warranty Deed
related
—
May 20, 2014
—
King Ranch-manatee INC
King,robert E
Quit Claim Deed
related
—
—
—
Gene R Wingate JR
—
Loan Modification
related
$95,280 · Florida Fed'l Land Bk Assn Flc
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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