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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Office buildings
8065 Beneva Rd Sarasota, FL 34238-2957
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5915470
Property summary
AI-generated overview
This exceptional 8,752 square foot Class B commercial property, located at 8065 S Beneva Rd in Sarasota, Florida (zip code 34238), offers a unique opportunity. Currently configured as a mix of retail and office spaces, this multi-tenant building features 2,650 square feet of immediately available creative office space. The property sits on a substantial 43,103 square foot lot and benefits from high visibility along Beneva Road, adjacent to Westfield Sarasota Square Mall, ensuring excellent exposure to a large customer base. The location provides an average daily traffic count exceeding 42,500 vehicles along US-41. The available space boasts elegant finishes and is ready for immediate occupancy. The building's zoning is CI - Commercial Intensive, allowing for a wide range of uses. The lease is a modified gross lease
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,380 SF
Lot
0.99 ac (43,103 SF)
Zoning code
CI
APN
0123-11-0007
UPID
US18-5915470
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
-
Joseph M Neunder DC Pa Alternative Medicine Practice
-
Marvel Kids Florida Training Center Tutoring Service
-
noah 2 Corporate Office
-
The Beauty Hall / AH Ink Medical Clinic Skin Care Clinic
-
NAILS BY CASSIE Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.00M
Owner & transaction history
Meoli Properties LLC · 2 yrs held
Meoli Properties LLC
since 2024
3 recorded transactions
Zoning & alternative use
CI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+7.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,915,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,030,000
Current use
AUTO REPAIR, GARAGE
$3,240,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$2,935,000
Change: -3% · Conversion: Easy
RETAIL STORES
$2,915,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$270 / 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
$19,692
Tax year 2023
Assessed value
$1,672,200
Assessed 2023
Previous assessed
$1,472,100
+13.6% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,010,100
Assessed improvement
$662,100
Land market value
$1,010,100
Improvement market value
$662,100
Total market value
$1,672,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
11
Total area
7,380 SF
Lot
0.99 ac (43,103 SF)
Zoning code
CI
APN
0123-11-0007
UPID
US18-5915470
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · 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
OFFICE BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
11
Lot
0.99 ac
Current owner
From public records · entity-resolved
Meoli Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5552 CPE LEYTE DR, SARASOTA, FL 34242-1840
Ownership since
2024
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
Jul 8, 2024
—
Meoli Properties LLC
139 Andmar Realty LLC
Special Warranty Deed
—
Dec 18, 2015
$1,150,000
139 Andmar Realty LLC
Ackerman Investment Group LLC
Warranty Deed
—
Jun 7, 2012
$1,000,000
Ackerman Investment Group LLC
Gibson,raymond H & Natalie K
Warranty 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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