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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Manufacturing properties
1001 Central Ave Sarasota, FL 34236-3314
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4712399
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,681 SF
Lot
0.29 ac (12,700 SF)
Zoning code
ILW
APN
2025-13-0001
UPID
US18-4712399
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
Current use
Occupant on record · Public records
-
Circus City Architectural Salvage Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$905k
Owner & transaction history
1001 Central Avenue Holdings LLC · 5 yrs held
1001 Central Avenue Holdings LLC
since 2020
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,010,000
7%
$935,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,245,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $850k (Aug 13 2020)
Last sale anchor
$850k
Aug 13 2020
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
$159 / 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
$10,482
Tax year 2023
Assessed value
$597,400
Assessed 2023
Previous assessed
$564,700
+5.8% YoY
Effective rate
1.75%
On assessed value
Assessed land
$247,800
Assessed improvement
$349,600
Land market value
$247,800
Improvement market value
$349,600
Total market value
$597,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
2
Bathrooms
2
Total area
5,681 SF
Lot
0.29 ac (12,700 SF)
Zoning code
ILW
APN
2025-13-0001
UPID
US18-4712399
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FLZoning ILW · permitted uses
ILW · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
1001 Central Avenue Holdings LLC
Entity
Mailing address
3308 45TH ST, WEST PALM BEACH, FL 33407-1920
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
—
1001 Ctrl Ave Hldgs LLC
—
Deed
related
$346,464 · Sunshine St Economic Dev Corp
Aug 13, 2020
$850,000
1001 Central Avenue Holdings LLC
Big Top Properties LLC
Warranty Deed
$433,080 · Pnc Bank NA
Nov 28, 2017
—
Big Top Properties LLC
NA
Intrafamily Transfer
related
$487,500 · Wells Fargo Bank NA
Mar 11, 2014
$500,000
Big Top Properties LLC
214 Main Street Corp
Warranty Deed
$250,000 · Gabbert Investments Group LLC
Feb 22, 2005
$850,000
214 Main Street Corp
S/grace Enterprises LLC
Warranty Deed
$1,216,000 · Landmark Bank Of Florida
May 17, 2001
$250,000
S Grace Enterprises LLC
Shaffer,barry W & Beverly J
Grant Deed
$545,000 · 21st Century Enterprises LLC
—
—
214 Main Street Corp
—
Deed Of Trust
related
$450,000 · Devonshire Park Holdings LLC
—
—
214 Main Street Corp
—
Deed Of Trust
related
$500,000 · Joshua Slovik
—
—
S/grace Enterprises LLC
—
Deed Of Trust
related
$590,000 · Century Bank Fsb
—
—
1001 Ctrl Ave Hldgs LLC
—
Deed Of Trust
related
$433,080 · Sunshine St Economic Dev Corp
—
—
1001 Ctrl Ave Hldgs LLC
—
Loan Modification
related
$346,464 · Sunshine St Economic Dev Corp
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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