9000 Town Ctr Pkwy Lakewood Ranch, FL 34202-4101
- Office buildings
- 101,368 SF
- 11.28 lot acres
Current Use by Public Records
- Office buildings
Property Details for 9000 Town Ctr Pkwy
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 11.28 lot acres
- Property size
- 101,368 SF
- Zone code
- PD-MU
- Property type
- Office buildings
- APN
- 5879.1315-9
- APU
- 587913159
Description
This exceptional 101,312 square foot Class B office campus in Lakewood Ranch, Florida, presents a compelling investment opportunity. Situated on an expansive 11.28-acre lot at 9000 Town Center Parkway, 34202, this property boasts a desirable location, offering convenient access to I-75 and the vibrant amenities of Lakewood Ranch. The single, two-story building, constructed in 1998 and renovated in 2011, is currently 75% occupied across four units, generating strong cash flow from a publicly traded tenant. The property's zoning (PD-MU) allows for flexibility and potential upside. Its campus-like setting provides a beautiful and attractive environment for employees and tenants. The strategic location within easy reach of Sarasota, St. Petersburg, and the Tampa metro area ensures a large pool of potential employees and tenants. This property is priced below replacement cost, making it an attractive investment with significant potential for future growth. The property is suitable for a variety of office uses, including executive, medical, and traditional office spaces. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving Florida market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $975,000
- 6.5%
- $1,175,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,265,000
- Geo Method
- $1,225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,205,000
- Retail
- $1,050,000
- Mixed-Use
- $965,000
- Hospitality
- $1,240,000
- Educational
- $1,235,000
- Residential Income
- $1,170,000
- Energy
- $1,180,000
- Income-Based Land
- $1,070,000
- Food Service
- $1,070,000
Location Insight
- Map
- Local Demand
- City
- Lakewood Ranch
- County
- Manatee
- State
- Florida
- Longitude
- -82.4487
- Latitude
- 27.3969
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA