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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Automotive properties
1800 Bay Rd Sarasota, FL 34239-6901
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-3157990
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,880 SF
Lot
3.83 ac (166,826 SF)
Zoning code
CI
APN
0076-01-0059
UPID
US18-3157990
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
-
Sunset Chevrolet Buick GMC Car Dealership
-
Sunset Chevrolet Car Dealership
-
Cars for Cash Auto Parts Store Waste Management Facility
-
Sunset Chevrolet Parts Auto Parts Store
-
Sunset Chevrolet Service Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
1800 Bay LLC · 17 yrs held
1800 Bay LLC
since 2008
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / 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
$113,113
Tax year 2023
Assessed value
$6,482,000
Assessed 2023
Previous assessed
$6,386,100
+1.5% YoY
Effective rate
1.75%
On assessed value
Assessed land
$2,481,900
Assessed improvement
$4,000,100
Land market value
$2,481,900
Improvement market value
$4,000,100
Total market value
$6,482,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Bathrooms
3
Total area
14,880 SF
Lot
3.83 ac (166,826 SF)
Zoning code
CI
APN
0076-01-0059
UPID
US18-3157990
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.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
3
Lot
3.83 ac
Current owner
From public records · entity-resolved
1800 Bay LLC
Entity
Mailing address
1800 BAY RD, SARASOTA, FL 34239-6901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2008
—
1800 Bay LLC
Geyer Robert W Trust
Warranty Deed
related
—
Nov 19, 2008
$27,654
Geyer Robert W Trust
Mckeehan,melissa G
Warranty Deed
—
Nov 19, 2008
—
Geyer Robert W Trust
Sunset Chevrolet INC
Warranty Deed
related
—
Dec 21, 2007
—
1800 Bay LLC
Geyer,robert W
Warranty Deed
—
Jun 23, 1997
$3,250,000
Robert W Geyer
Sunset Chevrolet INC
Grant Deed
—
—
—
Robert W Geyer
—
Deed Of Trust
related
$1,650,000 · Bank Of America
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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