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Property profile & analytics
OFF-MARKET
Estimated value
$14,170,000
Assisted living facilities
743 Beneva Rd Sarasota, FL 34232-2411
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5934253
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,143 SF
Lot
1.08 ac (46,863 SF)
Zoning code
OUE2
APN
0052-04-1001
UPID
US18-5934253
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
Current use
Occupant on record · Public records
-
Jorda Redhead, OTR Physician
-
Lamp Light Nursing Home
-
Aspire at Beneva Villas Rehabilitation Center Medical Center
-
Vicky E. Heim, Cota Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.17M
Owner & transaction history
741 S Beneva Rd Fl Owner LLC · 2 yrs held
741 S Beneva Rd Fl Owner LLC
since 2023
Last sale
$13.8M
2 recorded transactions
Zoning & alternative use
OUE2 · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.3M
+287.2%
Commercial (general)
$12.1M
+251.6%
Office building
$9.1M
+164.3%
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
$14,915,000
ML approach
$9,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,320,000
Change: +287% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,095,000
Change: +252% · Conversion: Difficult
OFFICE BUILDING
$9,095,000
Change: +164% · Conversion: Difficult
Blend value · Realmo final
$14.17M
Range $12.75M – $15.59M · ±10% · vs last sale $13.80M (Nov 7 2023)
Last sale anchor
$13.80M
Nov 7 2023
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
$314 / 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
$66,428
Tax year 2023
Assessed value
$4,618,400
Assessed 2023
Previous assessed
$4,498,500
+2.7% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,320,000
Assessed improvement
$3,298,400
Land market value
$1,320,000
Improvement market value
$3,298,400
Total market value
$4,618,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
99
Bathrooms
77
Total area
45,143 SF
Lot
1.08 ac (46,863 SF)
Zoning code
OUE2
APN
0052-04-1001
UPID
US18-5934253
Jurisdiction
SARASOTA
Zoning & alternative use
OUE2 · Sarasota, FL
Zoning OUE2 · permitted uses
OUE2 · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.1M
OFFICE BUILDING
Est. value
$9.1M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
99
Bathrooms
77
Lot
1.08 ac
Current owner
From public records · entity-resolved
741 S Beneva Rd Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL #29, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
$138,000
741 S Beneva Rd Fl Owner LLC
Ohi Asset Fl LLC
Special Warranty Deed
—
Apr 3, 2003
—
Florida Lessor Five Facilities
Flc Beneva Nursing Pavilion Ct
Grant Deed
related
—
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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