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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9009 Town Ctr Pkwy Lakewood Ranch, FL 34202-4165

    • Office buildings
    • 19,938 SF
    • 3.18 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2025
    $4,000,000
    Value Estimations
    $3,150,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0489765
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 9009 Town Ctr Pkwy

    Year built
    2006
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.18 lot acres
    Property size
    19,938 SF
    Zone code
    PD-MU
    Property type
    Office buildings
    APN
    5879.1650-9
    APU
    587916509

    Description

    This exceptional, single-tenant office building, located at 9009 Town Center Parkway in Lakewood Ranch, Florida, presents a unique investment opportunity. The 23,685-square-foot building, constructed in 2006, sits on a 3.19-acre lot and boasts a Class B rating. The property features a spacious layout including a large lobby, a mix of open and private offices (approximately 35, many with glass doors and windows), several conference rooms of varying sizes, and a large break area. An executive office suite and a sunny courtyard add to the appeal. The building offers 105 parking spaces, providing ample parking for employees and visitors. Currently at 25% occupancy, this property offers significant upside potential. Its prime location within Lakewood Ranch, minutes from upscale shopping, dining, University Town Center, and I-75, makes it highly desirable. The building is nearly 20,000 square feet under air and features an efficient design. The asking price is $6,275,000, translating to $284.99 per square foot. The property's location in the thriving Lakewood Ranch community, known for its high median household income and strong business environment, makes it an attractive investment for both owner-occupiers and investors. The property's APN is 587916509. This is a modified lease property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood Ranch
    County
    Manatee
    State
    Florida
    Longitude
    -82.4466
    Latitude
    27.3961
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,715
    $1,201,656
    $1,979,922
    $3,181,578
    -
    $1,201,656
    $1,979,922
    $3,181,578

    Comparable in this City

    • Value Estimation
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      10920 State Rd 70th E

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      10920 State Rd 70th E, Lakewood Ranch, FL 34202-8400
      View Details
    • Value Estimation
      $1,735,000
      12,712 SF

      8640 State Rd 70th E

      OFFICE BUILDING • 12,712 SF
      8640 State Rd 70th E, Bradenton, FL 34202-3785
      View Details
    • Value Estimation
      $19,780,000
      112,986 SF

      8985 Town Ctr Pkwy

      OFFICE BUILDING (MULTI-STORY) • 112,986 SF
      8985 Town Ctr Pkwy, Lakewood Ranch, FL 34202-5129
      View Details
    • Value Estimation
      $1,715,000
      12,308 SF

      9021 Town Ctr Pkwy

      OFFICE BUILDING • 12,308 SF
      9021 Town Ctr Pkwy, Lakewood Ranch, FL 34202-4175
      View Details
    • Value Estimation by Request
      101,368 SF

      9000 Town Ctr Pkwy

      OFFICE BUILDING (MULTI-STORY) • 101,368 SF
      9000 Town Ctr Pkwy, Lakewood Ranch, FL 34202-4101
      View Details
    • Value Estimation
      $3,610,000
      27,505 SF

      6311 Atrium Dr

      OFFICE BUILDING (MULTI-STORY) • 27,505 SF
      6311 Atrium Dr, Lakewood Ranch, FL 34202-4143
      View Details

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    Lakewood Ranch, FL 34202-4165
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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