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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Retail residential properties
1500 Stickney Pt Rd 601 Sarasota, FL 34231-3718
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-8873639
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1983
Total area
5,196 SF
Zoning code
CI
APN
0109-04-2018
UPID
US18-8873639
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
-
MAGBY Electronics Vending Machine
-
ATM Atm
-
The Boatyard Waterfront Bar and Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.95M
Owner & transaction history
Sarasota Boatyard Village LLC · 2 yrs held
Sarasota Boatyard Village LLC
since 2023
7 recorded transactions
Zoning & alternative use
CI · 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%
$1,545,000
6.5%
$1,425,000
7%
$1,320,000
Alternative Use
Use
Estimation
RESTAURANT
$3,220,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±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
$374 / 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
$13,622
Tax year 2023
Assessed value
$1,036,000
Assessed 2023
Previous assessed
$983,300
+5.4% YoY
Effective rate
1.31%
On assessed value
Assessed improvement
$1,036,000
Improvement market value
$1,036,000
Total market value
$1,036,000
Applied tax rate
9,201.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1983
Heating
YES
Cooling
YES
Stories
2
Total area
5,196 SF
Zoning code
CI
APN
0109-04-2018
UPID
US18-8873639
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · 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
RESTAURANT
Est. value
$3.2M
RESTAURANT
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
1983
Heating
YES
Cooling
Yes
Stories
2
Current owner
From public records · entity-resolved
Sarasota Boatyard Village LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2801 FRUITVILLE RD STE #120, SARASOTA, FL 34237-5358
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
—
Sarasota Boatyard Village LLC
101 Sbv LLC
Warranty Deed
—
Apr 15, 2021
—
601 Sbv LLC
Srco LLC
Warranty Deed
—
Feb 3, 2015
—
601 Srco LLC
Perreault G C Trust 2
Quit Claim Deed
—
Jan 22, 2015
—
Perreault,george C Trust 2|601 Srco LLC
Perreault G C Trust 2
Quit Claim Deed
related
—
Feb 18, 2014
—
Perreault,george C Trust 2
Perreault George C Trust 2
Quit Claim Deed
related
—
Apr 13, 2010
$101
George C C R U N 2 Perreault
Dock N Dine LLC Coc
Trustees Deed
related
—
Aug 29, 2008
$4,200,000
Dock N Dine LLC
Perreault,george C
Warranty Deed
—
Aug 29, 2008
—
Dock N Dine LLC
Boatyard Coml Condo Assn INC
Quit Claim Deed
related
—
Aug 11, 2008
—
George C C R U N 2 Perreault
Southbridge Restaurant
Warranty Deed
related
—
Mar 19, 1998
$1,350,000
Southbridge Restaurant Co
Bh Property Management INC
Grant Deed
$1,000,000 · Suntrust Bank Gulf Coast
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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