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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Golf courses & driving ranges
1000 Azinger Way Sarasota, FL 34232-1228
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3274430
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1996
Total area
9,000 SF
Lot
307.43 ac (13,391,773 SF)
Zoning code
G
APN
2021-07-0001
UPID
US18-3274430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$920k
Owner & transaction history
City Of Sarasota · 4 yrs held
City Of Sarasota
since 2022
1 recorded transaction
Zoning & alternative use
G · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The G district is intended to apply to those lands where national, state, and local governments' activities are conducted and where governments' agencies hold title to such lands or where the private owner of such lands requests such zoning to accommodate a governmental use
Zone name
Governmental
General category
CIVIC_INSTITUTIONAL
Zone area
1,534.72 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.2M
+21.0%
Retail stores
$1.2M
+14.9%
Auto repair, garage
$1.1M
+4.3%
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
by Request
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,020,000
Current use
RESTAURANT
$1,235,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,175,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$102 / 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
Assessed value
$3,400,100
Assessed 2023
Previous assessed
$3,910,000
-13.0% YoY
Assessed land
$3,074,300
Assessed improvement
$325,800
Land market value
$3,074,300
Improvement market value
$325,800
Total market value
$3,400,100
Applied tax rate
200.0000
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1996
Heating
YES
Cooling
YES
Stories
1
Rooms
35
Bathrooms
20
Total area
9,000 SF
Lot
307.43 ac (13,391,773 SF)
Zoning code
G
APN
2021-07-0001
UPID
US18-3274430
Jurisdiction
SARASOTA
Zoning & alternative use
G · Sarasota, FLZoning G · permitted uses
G · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The G district is intended to apply to those lands where national, state, and local governments' activities are conducted and where governments' agencies hold title to such lands or where the private owner of such lands requests such zoning to accommodate a governmental use
Zone name
Governmental
General category
CIVIC_INSTITUTIONAL
Zone area
1,534.72 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Heating
YES
Cooling
Yes
Stories
1
Rooms
35
Bathrooms
20
Lot
307.43 ac
Current owner
From public records · entity-resolved
City Of Sarasota
Entity
Free & Clear · 4 yrs held
Mailing address
1565 1ST ST #110, SARASOTA, FL 34236-8501
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
City Of Sarasota
Sarasota County
Intrafamily Transfer
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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