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Property profile & analytics
OFF-MARKET
Estimated value
$2,865,000
Commercial land
1824 Marbeth St Sarasota, FL 34231-7804
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2921013
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1967
Total area
18,906 SF
Lot
3.03 ac (132,003 SF)
Zoning code
RMF1
APN
0124-13-0048
UPID
US18-2921013
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.87M
Owner & transaction history
Bay Village Of Sarasota INC · 4 yrs held
Bay Village Of Sarasota INC
since 2022
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
RMF1 · 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
$3,265,000
ML approach
$3,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.87M
Range $2.58M – $3.15M · ±10% · vs last sale $2.45M (Feb 22 2022)
Last sale anchor
$2.45M
Feb 22 2022
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
$152 / 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
$20,868
Tax year 2023
Assessed value
$1,673,800
Assessed 2023
Previous assessed
$2,107,700
-20.6% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,626,000
Assessed improvement
$47,800
Land market value
$1,626,000
Improvement market value
$47,800
Total market value
$1,673,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
2
Rooms
20
Bathrooms
5
Total area
18,906 SF
Lot
3.03 ac (132,003 SF)
Zoning code
RMF1
APN
0124-13-0048
UPID
US18-2921013
Jurisdiction
SARASOTA
Zoning & alternative use
RMF1 · Sarasota, FL
Zoning RMF1 · permitted uses
RMF1 · 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
1967
Heating
YES
Cooling
Yes
Stories
2
Rooms
20
Bathrooms
5
Lot
3.03 ac
Current owner
From public records · entity-resolved
Bay Village Of Sarasota INC
Entity
Mailing address
8400 VAMO RD, SARASOTA, FL 34231-7807
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
$2,450,000
Bay Village Of Sarasota INC
Grace United Methodist Chr Of Cape
Special Warranty Deed
—
Mar 6, 2017
—
Grace United Methodist Ch Of Cape
South West District Florida An
Quit Claim Deed
related
—
—
—
Vamo United Methodist Ch INC
—
Deed Of Trust
related
$380,000 · Private Lender
—
—
Vamo Methodist Church INC
—
Deed Of Trust
related
$249,900 · Rbc Centura Bank
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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