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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Flex space
1920 Whitfield Ave Sarasota, FL 34243-3921
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3414472
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1970
Construction
CONCRETE
Total area
28,090 SF
Lot
4.5 ac (196,020 SF)
Zoning code
LM
APN
19786.1010-1
UPID
US18-3414472
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
-
CM Shredders - Tire Shredders and Industrial Shredders Recycling Equipment Manufacturer Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.91M
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
$5.05M
Blend (final)
Blend
$4.34M
Owner & transaction history
Unlimited Farms V LLC · 3 yrs held
Unlimited Farms V LLC
since 2023
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
LM · 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
$4,595,000
ML approach
$4,910,000
CAP Approach
CAP Return
Estimation
6%
$3,940,000
6.5%
$3,635,000
7%
$3,375,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,245,000
Current use
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±10% · vs last sale $4.25M (Mar 30 2023)
Last sale anchor
$4.25M
Mar 30 2023
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
$155 / 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
$44,785
Tax year 2023
Assessed value
$3,078,986
Assessed 2023
Previous assessed
$1,812,234
+69.9% YoY
Effective rate
1.45%
On assessed value
Assessed land
$793,968
Assessed improvement
$2,285,018
Land market value
$793,968
Improvement market value
$2,285,018
Total market value
$3,078,986
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
28,090 SF
Lot
4.5 ac (196,020 SF)
Zoning code
LM
APN
19786.1010-1
UPID
US18-3414472
Jurisdiction
MANATEE
Zoning & alternative use
LM · Sarasota, FL
Zoning LM · permitted uses
LM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
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
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Unlimited Farms V LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3951 N HAVERHILL RD STE #214, WEST PALM BEACH, FL 33417-8342
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
$4,250,000
Unlimited Farms V LLC
Industrial Shredders LLC
Warranty Deed
—
Jan 5, 2023
—
Industrial Shredders LLC
—
Deed
related
$2,640,000 · Evans Bank NA
Dec 31, 2018
$2,380,000
Industrial Shredders LLC
Columbus Mckinnon Corp
Grant Deed
$3,808,000 · Evans Bk NA
Mar 22, 2013
—
Columbus Mckinnon Corp
—
Deed Of Trust
related
$175,000,000 · Bank Of America
—
—
Columbus Mckinnon Corp
—
Deed Of Trust
related
$1,125,000 · Us Bank Trust NA
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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