Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,290,000
Office buildings
1651 Whitfield Ave Sarasota, FL 34243-3945
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-6380087
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
35,860 SF
Lot
6.3 ac (274,428 SF)
Zoning code
HM,NC-S
APN
18668.2010-9
UPID
US18-6380087
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
-
Buckhead Trails Community Development District Community Center
-
Marine Design & Engineering Center Industrial Manufacturer Production Facility
-
Connie Henning, MEDALLION REAL ESTATE Real Estate Agency
-
Dock Boxes Unlimited, Inc. Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Medallion Home Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.61M
Comparable Approach
Comparable
$11.84M
Blend (final)
Blend
$9.29M
Owner & transaction history
Jrl Ents INC · 13 yrs held
Jrl Ents INC
since 2012
7 recorded transactions
Zoning & alternative use
HM,NC-S · 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%
$10,410,000
6.5%
$9,610,000
7%
$8,925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,730,000
Current use
MEDICAL BUILDING
$14,255,000
Change: -3% · Conversion: Easy
RETAIL STORES
$14,160,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±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
$259 / 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
$59,701
Tax year 2023
Assessed value
$4,144,346
Assessed 2023
Previous assessed
$4,065,857
+1.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$670,241
Assessed improvement
$3,474,105
Land market value
$670,241
Improvement market value
$3,474,105
Total market value
$4,144,346
Applied tax rate
303.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
35,860 SF
Lot
6.3 ac (274,428 SF)
Zoning code
HM,NC-S
APN
18668.2010-9
UPID
US18-6380087
Jurisdiction
MANATEE
Zoning & alternative use
HM,NC-S · Sarasota, FL
Zoning HM,NC-S · permitted uses
HM,NC-S · 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
OFFICE BUILDING Current
Est. value
$14.7M
MEDICAL BUILDING
Est. value
$14.3M
RETAIL STORES
Est. value
$14.2M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
6.3 ac
Current owner
From public records · entity-resolved
Jrl Ents INC
Entity
Free & Clear · 13 yrs held
Mailing address
1651 WHITFIELD AVE, SARASOTA, FL 34243-3945
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Sep 4, 2020
—
Whitfield Office LLC
—
Deed
related
$4,000,000 · Northern Tr
Jul 2, 2020
—
Medallion Homes Gulf Coast LLC
—
Deed
related
$12,000,000 · Regions Bk
Oct 30, 2018
—
Medallion Homes Gulf Coast L
—
Deed
related
$3,100,000 · Axiom Bk
Nov 6, 2012
$2,600,000
Jrl Ents INC
Sarasota Real Property LLC
Grant Deed
—
Nov 6, 2012
$523,000
Whitefield Office LLC
Jrl Ents INC
Warranty Deed
—
Feb 5, 2010
$6,500,000
Sarasota Real Property LLC
Genmar Industries INC
Grant Deed
—
—
—
Medallion Homes Gulf Coast L
—
Deed Of Trust
related
$3,100,000 · Axiom Bk
—
—
Whitfield Office LLC
—
Deed Of Trust
related
$2,000,000 · Northern Tr
—
—
Medallion Homes Gulf Coast LLC
—
Loan Modification
related
$12,000,000 · Regions Bk
—
—
Whitfield Office LLC
—
Loan Modification
related
$4,000,000 · Northern Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1651 Whitfield Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
