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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Auto shops
1235 Lime Ave Sarasota, FL 34237-2807
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6113496
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.47 ac (20,625 SF)
Zoning code
IHD
APN
2023-06-0031
UPID
US18-6113496
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
-
Commercial Tire & service center Auto Repair Shop
-
Mikes Upholstery & Custom Paint Auto Repair Shop
-
Interstate Tire, Battery, Automotive & Towing Auto Repair Shop
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
LANNING TIRE - Cooper Tire, Now Gasoline Alley (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$730k
Owner & transaction history
Devittori Holdings LLC · 6 yrs held
Devittori Holdings LLC
since 2020
5 recorded transactions
Zoning & alternative use
IHD · 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$203 / 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
$14,954
Tax year 2023
Assessed value
$856,500
Assessed 2023
Previous assessed
$753,100
+13.7% YoY
Effective rate
1.75%
On assessed value
Assessed land
$334,900
Assessed improvement
$521,600
Land market value
$334,900
Improvement market value
$521,600
Total market value
$856,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
3
Bathrooms
4
Total area
3,600 SF
Lot
0.47 ac (20,625 SF)
Zoning code
IHD
APN
2023-06-0031
UPID
US18-6113496
Jurisdiction
SARASOTA
Zoning & alternative use
IHD · Sarasota, FL
Zoning IHD · permitted uses
IHD · 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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
3
Bathrooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
Devittori Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2243 12TH ST, SARASOTA, FL 34237-2806
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Devittori Holdings LLC
Devittori Holdings 2 LLC
Quit Claim Deed
—
Aug 30, 2019
$1,100,000
Devittori Holdings 2 LLC
Lanning,stephen R & Sheryl L
Warranty Deed
$525,000 · Gulfside Bk
Jun 17, 2002
$550,000
Stephen R Lanning
Lanning Trust
Grant Deed
related
$550,000 · Bank Of Commerce
—
—
Lanning Tire Sales INC
—
Deed Of Trust
related
$403,762 · Bank Of Commerce
—
—
Lanning Tire Sales INC
—
Deed Of Trust
related
$450,518 · Bank Of Commerce
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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