900 Albee W Rd Nokomis, FL 34275-2512
Entity Owned
13-yr Hold
~
Est. High Equity
Estimated value (blended)
$965k
Range $869k – $1.06M (±10%)
Property ID
US18-1297450
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,903 SF
Lot
0.48 ac (20,991 SF)
Zoning code
OPI
APN
0169-16-0018
UPID
US18-1297450
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$965k
Owner & transaction history
since 2012
3 recorded transactions
Zoning & alternative use
OPI · Nokomis, FL
Top alternative use upside
Neighborhood: shopping center
$1.3M
+23.0%
Auto repair, garage
$1.2M
+15.4%
Medical building
$1.1M
+4.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$965k
Value range
$869k – $1.06M
±10% around blend
Estimated value / SF
$332 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$869k
blend $965k
$1.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,903 SF
Lot area
0.48 ac
Year built
1986
Stories
2
APN
0169-16-0018
Assessed value
$788,300
Annual tax
$8,561
3
Income approach: direct capitalization
Partial preview
Income approach indication
$695k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$750k
@ 6.5% CAP return
$695k
@ 7% CAP return
$645k
4
Sales comparison
Partial preview
Sales approach indication
$662k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.0 mi away · 2,544 SF
10.3 mi away · 3,342 SF
14.8 mi away · 2,180 SF
15.0 mi away · 2,096 SF
20.3 mi away · 2,970 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$965k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 494 sales
$367
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $332/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+23%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$788k
Move the market yield to see immediate price impact.
Value / SF
$272
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$50k
$993k
$709k
$552k
$55k
$1.10M
$788k
$613k
$61k
$1.21M
$867k
$674k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$477k
2.6 mi · Dec 2025 · $192/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,561
Tax year 2023
Assessed value
$788,300
Assessed 2023
Previous assessed
$599,300
+31.5% YoY
Effective rate
1.09%
On assessed value
Assessed land
$257,300
Assessed improvement
$531,000
Land market value
$257,300
Improvement market value
$531,000
Total market value
$788,300
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
10
Bathrooms
7
Total area
2,903 SF
Lot
0.48 ac (20,991 SF)
Zoning code
OPI
APN
0169-16-0018
UPID
US18-1297450
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Nokomis, FLZoning OPI · permitted uses
OPI · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
7
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OPI
Jurisdiction
Nokomis, FL
Recorded code
OPI
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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