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Property profile & analytics
OFF-MARKET Estimated value $3,110,000
Office buildings

7349 Merchant Ct Lakewood Ranch, FL 34240-8437

11,314 SF 1.34 ac lot Built 2001
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US18-2356266
Property summary
AI-generated overview

This exceptional 12,187-square-foot Class A freestanding office/medical building in Sarasota's prestigious Lakewood Ranch Corporate Park presents a rare opportunity. Built in 2001 and extensively renovated in 2023, the property boasts a modern design and high-quality finishes throughout. The two-story building features numerous private offices or exam rooms, ample conference rooms, a substantial server room, a dedicated training area, a convenient breakroom/kitchen, and open workspaces. Both floors are fully sprinklered, and a climate-controlled second-floor storage area adds significant utility. The property includes 58 parking spaces and a prominent monument sign. Exterior enhancements include fresh paint and updated landscaping. Interior upgrades encompass flooring and ceiling improvements. The building's zoning is PCD. Its location offers unparalleled convenience, situated minutes from I-75 and the vibrant amenities of Lakewood Ranch, including the Waterside development and the nearby Center Point complex, which comprises a large medical office building, hotel, retail spaces, and a grocery store. The property sits on a 1.34-acre lot (APN: 0187070003, Sarasota County). The 5-mile trade area boasts a substantial population (105,578) and high average household income ($120,610). Common area maintenance (CAM) is approximately $3.94 per square foot, encompassing property insurance, management fees, and property taxes (subject to change). This property is ideal for a corporate office, call center, or medical practice.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,314 SF
Lot 1.34 ac (58,392 SF)
Zoning code PCD
APN 0187-07-0003
UPID US18-2356266
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
$2.71M
Comparable Approach Comparable
$3.55M
Blend (final) Blend
$3.11M
Owner & transaction history
Lwr7349 Merchant Court LLC
Lwr7349 Merchant Court LLC
since 2025
Last sale
$3.4M
7 recorded transactions
2025
$3.4M
2025
$3.4M
2023
$4.7M
2023
$4.7M
2021
$2.7M
2016
Price N/A
2010
$1.9M
Zoning & alternative use
PCD · Lakewood Ranch, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $5.0M +36.2%
Medical building $4.5M +23.2%
Retail stores $4.5M +22.4%
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