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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Commercial land
1233 Fruitville Rd Sarasota, FL 34236-4907
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-9825791
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1929
Total area
2,598 SF
Lot
0.12 ac (5,350 SF)
Zoning code
DTC
APN
2026-13-0041
UPID
US18-9825791
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
by Request
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$735k
Owner & transaction history
Solmar Devs INC · 15 yrs held
Solmar Devs INC
since 2011
7 recorded transactions
Zoning & alternative use
DTC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$283 / 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
$7,009
Tax year 2023
Assessed value
$666,200
Assessed 2023
Previous assessed
$666,900
-0.1% YoY
Effective rate
1.05%
On assessed value
Assessed land
$661,300
Assessed improvement
$4,900
Land market value
$661,300
Improvement market value
$4,900
Total market value
$666,200
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
Off-Market
Year built
1929
Heating
NONE
Stories
2
Rooms
75
Bathrooms
5
Total area
2,598 SF
Lot
0.12 ac (5,350 SF)
Zoning code
DTC
APN
2026-13-0041
UPID
US18-9825791
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · 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
1929
Heating
NONE
Stories
2
Rooms
75
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Solmar Devs INC
Entity
Free & Clear · 15 yrs held
Mailing address
3800 STEELES AVE W STE 103RD XX
Ownership since
2011
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 8, 2011
—
Solmar Devs INC
Fifth Third Bk
Grant Deed
related
—
Dec 27, 2010
$1,900,000
Solmar Dev INC
Fifth Third Bk
Grant Deed
—
Jan 30, 2007
$10,720,100
Fairway Grande Dev LLC
Sarasota Grand Central LLC
Warranty Deed
—
Jan 18, 2006
$7,500,000
Sarasota Grand Central LLC
Capital Force INC
Warranty Deed
—
Jan 18, 2006
$3,400,000
Capital Force INC
Miller-ward INC
Warranty Deed
related
—
Mar 17, 2004
$605,000
Miller Ward INC
Aambell Corp
Grant Deed
—
Dec 13, 2000
$290,000
Aambell INC
Presidential Buys INC
Grant Deed
$130,000 · Seller
Mar 15, 1999
$103,900
Presidential Buys INC
Presidential Enterprises INC
Quit Claim Deed
related
—
Apr 15, 1997
$115,000
Presidential Enterprises INC
Styles,christopher
Grant Deed
$105,000 · Seller
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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