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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Turn key restaurants
1001 Cocoanut Ave, Sarasota, FL 34236-3318
Individually Owned
4-yr Hold
Free & Clear
Property ID
US19-0671931
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,907 SF
Lot
0.52 ac (22,640 SF)
Zoning code
CRD
APN
2025-13-0055
UPID
US19-0671931
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
-
Turmeric Indian Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
John P Day · 4 yrs held
John P Day
since 2022
Last sale
$16,500
7 recorded transactions
Zoning & alternative use
CRD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$29,952
Tax year 2023
Assessed value
$2,013,800
Assessed 2023
Previous assessed
$1,553,100
+29.7% YoY
Effective rate
1.49%
On assessed value
Assessed land
$439,900
Assessed improvement
$1,573,900
Land market value
$439,900
Improvement market value
$1,573,900
Total market value
$2,013,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Rooms
5
Bathrooms
1
Total area
9,907 SF
Lot
0.52 ac (22,640 SF)
Zoning code
CRD
APN
2025-13-0055
UPID
US19-0671931
Jurisdiction
SARASOTA
Zoning & alternative use
CRD · Sarasota, FL
Zoning CRD · permitted uses
CRD · 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.
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Rooms
5
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
John P Day
Individual
Free & Clear · 4 yrs held
Mailing address
6165 ANELLO DR, MELBOURNE, FL 32940-1322
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
John P Day
John P Day
Intrafamily Transfer
related
—
Sep 15, 2021
$16,500
Hotspur Ventures LLC
1001 Cocoanut Ave LLC
Special Warranty Deed
—
Sep 15, 2021
—
Hotspur Ventures LLC
Hotspur Ventures LLC
Intrafamily Transfer
related
—
Feb 11, 2019
$100
Radebaugh Living Trust
Radebaugh,patricia L
Warranty Deed
related
—
Jan 7, 2014
—
Broadway Bar Lender LLC
Broadway Bar INC Coc
Quit Claim Deed
related
—
Apr 22, 2013
—
1001 Cocoanut Ave LLC
Hotspur Ventures LLC
Quit Claim Deed
related
—
Jan 10, 2012
$10,000
Hotspur Ventures LLC
Tamiami & Tenth Sarasota LLC
Grant Deed
—
Oct 4, 2011
—
Broadway Sarasota LLC
Tamiami & Tenth Sarasota LLC
Quit Claim Deed
related
$6,600,000 · Firstrust Bank
Oct 4, 2011
$8,150,000
Broadway Sarasota LLC
Tamiami & Tenth Sarasota LLC
Grant Deed
—
May 20, 2004
—
Promenade Holdings Ll Broadway
Hausmann,carolyn H
Quit Claim Deed
related
—
May 10, 2004
$4,000,000
Broadway Promenade Holdings Ll
Amc Florida Property LLC
Trustees Deed
related
$40,861,000 · Amsouth Bank
May 10, 2004
$1,100,000
Promenade Holdings Ll Broadway
Hausmann,carolyn H
Warranty Deed
related
—
Jul 28, 1999
$60,000
Whipple Trust
Piercy,r H & Ira
Grant Deed
—
—
—
Piercy R H
—
Deed Of Trust
related
$35,000 · Amsouth Bank
—
—
Broadway Bar INC
—
Deed Of Trust
related
$1,200,000 · Kennedy Fundings
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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