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Property profile & analytics
OFF-MARKET
Estimated value
$7,085,000
Specialty properties
1300 Sarasota Ctr Blvd Sarasota, FL 34240
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3971367
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2023
Total area
34,184 SF
Lot
2.43 ac (105,909 SF)
Zoning code
PID
APN
0209-07-0007
UPID
US18-3971367
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
-
The Pickleball Club at Lakewood Ranch Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.09M
Owner & transaction history
Hermann Fitness LLC · 1 yrs held
Hermann Fitness LLC
since 2025
Last sale
$7.0M
5 recorded transactions
Zoning & alternative use
PID · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.1M
+170.2%
Commercial (general)
$9.2M
+145.4%
Office building
$7.5M
+102.1%
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
$7,805,000
ML approach
$6,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,085,000
Change: +170% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,160,000
Change: +145% · Conversion: Difficult
OFFICE BUILDING
$7,545,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$7,380,000
Change: +98% · Conversion: Difficult
RESTAURANT
$7,245,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,885,000
Change: +85% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,185,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$7.09M
Range $6.38M – $7.79M · ±10% · vs last sale $7.00M (Apr 21 2025)
Last sale anchor
$7.00M
Apr 21 2025
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
$207 / 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
$8,530
Tax year 2023
Assessed value
$751,100
Assessed 2023
Previous assessed
$650,000
+15.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$751,100
Land market value
$751,100
Total market value
$751,100
Applied tax rate
100.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2023
Heating
YES
Cooling
YES
Stories
2
Total area
34,184 SF
Lot
2.43 ac (105,909 SF)
Zoning code
PID
APN
0209-07-0007
UPID
US18-3971367
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Sarasota, FL
Zoning PID · permitted uses
PID · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.2M
OFFICE BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$7.4M
RESTAURANT
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2023
Heating
YES
Cooling
Yes
Stories
2
Lot
2.43 ac
Current owner
From public records · entity-resolved
Hermann Fitness LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1195 SARASOTA CTR BLVD, SARASOTA, FL 34240-7879
Ownership since
2025
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
Apr 21, 2025
$7,002,000
Hermann Fitness LLC
Tpc Lakewood Ranch LLC
Special Warranty Deed
—
May 13, 2022
—
Tpc Lakewood Ranch LLC
—
Deed
related
$8,800,000 · North Avenue Capital LLC
Mar 18, 2021
$824,500
Tpc Sarasota LLC
Robert W Flanders
Warranty Deed
$700,000 · Matthew Gordon
Sep 4, 2007
—
Yahraus Roy A Living Trust
Yahraus,roy
Quit Claim Deed
related
—
Apr 6, 2004
$200,000
Flanders,tr
M Y Enterprises Of Sarasota Ll
Grant Deed
—
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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