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Property profile & analytics
FOR SALE
Commercial land
1000 Benjamin Franklin Dr Sarasota, FL 34236
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3188612
For Sale
1 / 4
$7,800,000
1000 Benjamin Franklin Dr, Sarasota, FL 34236
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1951
Total area
17,709 SF
Lot
3.91 ac (170,136 SF)
Zoning code
WFR
APN
2016-14-0004
UPID
US18-3188612
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
$13.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.45M
Blend (final)
Blend
$16.87M
Owner & transaction history
Wsr Lido Beach LLC · 5 yrs held
Wsr Lido Beach LLC
since 2021
Last sale
$15.0M
6 recorded transactions
Zoning & alternative use
WFR · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.0M
+13.7%
Neighborhood: shopping center
$12.4M
+0.7%
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
$21,655,000
ML approach
$13,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,340,000
Current use
RETAIL STORES
$14,025,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,420,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$11,195,000
Change: -9% · Conversion: Easy
RESTAURANT
$10,980,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$16.87M
Range $15.18M – $18.55M · ±10% · vs last sale $15.00M (Jun 1 2021)
Last sale anchor
$15.00M
Jun 1 2021
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
$952 / 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
$446,539
Tax year 2023
Assessed value
$30,137,000
Assessed 2023
Previous assessed
$13,337,000
+126.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$30,000,000
Assessed improvement
$137,000
Land market value
$30,000,000
Improvement market value
$137,000
Total market value
$30,137,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1951
Heating
NONE
Cooling
YES
Stories
2
Rooms
16
Bathrooms
34
Total area
17,709 SF
Lot
3.91 ac (170,136 SF)
Zoning code
WFR
APN
2016-14-0004
UPID
US18-3188612
Jurisdiction
SARASOTA
Zoning & alternative use
WFR · Sarasota, FL
Zoning WFR · permitted uses
WFR · 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
COMMERCIAL (GENERAL) Current
Est. value
$12.3M
RETAIL STORES
Est. value
$14.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.4M
OFFICE BUILDING
Est. value
$11.2M
RESTAURANT
Est. value
$11.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
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
1951
Heating
NONE
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
34
Lot
3.91 ac
Current owner
From public records · entity-resolved
Wsr Lido Beach LLC
Entity
Mailing address
3066 TAMIAMI TRL N STE #201, NAPLES, FL 34103-2757
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
—
Wsr Lido Beach LLC
—
Deed
related
$173,500,000 · Bank Of The Ozarks
Jun 1, 2021
$1,500,000
Wsr Lido Beach LLC
Coquina On The Beach INC
Special Warranty Deed
—
Dec 21, 2020
—
Coquina On The Beach INC
—
Deed
related
$2,181,623 · Cadence Bk NA
Oct 6, 1997
$2,284,900
Coquina On The Beach INC
The Duke Ptshp
Grant Deed
related
—
Aug 27, 1997
$571,300
Coouina On The Beach INC
Griffing,walter & Marilyn A
Grant Deed
—
—
—
Coquina On The Beach INC
—
Deed Of Trust
related
$2,181,623 · Cadence Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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