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Property profile & analytics
OFF-MARKET
Parking lots & garages
1120 Washington Blvd, Sarasota, FL 34236-3428
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-5323506
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.08 ac (3,396 SF)
Zoning code
ICD
APN
2023-12-0088
UPID
US18-5323506
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
-
America's Super Pawn Discount Store (Bike/Boat/Book/etc) Store
-
Global Express Money Order Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1120 N Washington LLC · 19 yrs held
1120 N Washington LLC
since 2007
7 recorded transactions
Zoning & alternative use
ICD · 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
—
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
$1,161
Tax year 2023
Assessed value
$90,400
Assessed 2023
Previous assessed
$53,600
+68.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$87,900
Assessed improvement
$2,500
Land market value
$87,900
Improvement market value
$2,500
Total market value
$90,400
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.08 ac (3,396 SF)
Zoning code
ICD
APN
2023-12-0088
UPID
US18-5323506
Jurisdiction
SARASOTA
Zoning & alternative use
ICD · Sarasota, FL
Zoning ICD · permitted uses
ICD · 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
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
1120 N Washington LLC
Entity
Mailing address
4509 BEE RDG RD UNIT C, SARASOTA, FL 34233-2539
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2007
$1,850,000
1120 N Washington LLC
Sarasota Entertainment Group I
Warranty Deed
$49,290 · Peoples Community Bank W Coast
Oct 18, 2005
$2,600,000
Sarasota Entertainment Group I
American Legend Cycles Trust
Grant Deed
$1,750,000 · Peoples Cmnty Bk/west Coast
Feb 25, 2005
—
American Legend Cycles Trust
Williams,raymond E
Quit Claim Deed
related
—
Dec 1, 2004
—
American Legend Cycles Trust
American Legend Cycles INC
Quit Claim Deed
related
—
Nov 30, 2004
—
American Legend Cycles Trust
American Legend Cycles INC
Quit Claim Deed
related
—
—
—
1120 N Washington LLC
—
Loan Modification
related
$1,440,000 · Metzner Warren H Trust (pt)
—
—
Raymond E Williams JR.
—
Deed Of Trust
related
$15,000 · Delmonte Financial Svcs INC
—
—
American Legend Cycles INC
—
Deed Of Trust
related
$1,400,000 · Colonial Bank
—
—
American Legend Cycles INC
—
Deed Of Trust
related
$440,000 · Colonial Bank
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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