7349 Merchant Ct Lakewood Ranch, FL 34240-8437
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PCD · Lakewood Ranch, FLLakewood Ranch. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.