New search
Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Flex space
2027 Whitfield Park Dr Sarasota, FL 34243-4094
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0484272
Property summary
AI-generated overview
This exceptional freestanding industrial property, located at 2027 Whitfield Park Dr, Sarasota, FL 34243, presents a compelling investment opportunity. The 6,000 square foot building, constructed in 1978, sits on a 0.402-acre lot within the Whitfield Industrial Park and is zoned LM. The single-story structure features a spacious 60' x 84' warehouse with two convenient drive-in bays and two restrooms for shop personnel. A 975 square foot office area is included, complete with a kitchenette and an additional restroom. Adding to the versatility, a finished mezzanine level provides extra office or storage space. The property boasts ample yard space and a sufficient parking lot. The asking price is $900,000, translating to $150 per square foot. Ceiling heights range from 14 to 16 feet. The property's convenient location offers easy access to US-301, making it an ideal location for businesses needing efficient transportation links. This owner-user opportunity combines warehouse and office space in a desirable industrial park setting. The property's APN is 1868301654. This is a single-tenant building with one unit.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
CONCRETE
Total area
6,288 SF
Lot
0.4 ac (17,500 SF)
Zoning code
LM
APN
18683.0165-4
UPID
US18-0484272
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
-
International Welding Equipment Corporate Office
-
MANASOTA AUTO CENTER Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$825k
Owner & transaction history
Carl Rinne JR · 1 yrs held
Carl Rinne JR
since 2024
Last sale
$900,000
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$950,000
Current use
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $900k (Sep 13 2024)
Last sale anchor
$900k
Sep 13 2024
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
$131 / 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
$7,253
Tax year 2023
Assessed value
$403,742
Assessed 2023
Previous assessed
$381,132
+5.9% YoY
Effective rate
1.80%
On assessed value
Assessed land
$159,375
Assessed improvement
$244,367
Land market value
$159,375
Improvement market value
$244,367
Total market value
$403,742
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,288 SF
Lot
0.4 ac (17,500 SF)
Zoning code
LM
APN
18683.0165-4
UPID
US18-0484272
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
$950,000
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Carl Rinne JR
Individual
Mailing address
2027 WHITFIELD PARK DR, SARASOTA, FL 34243-4094
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 13, 2024
$900,000
Carl Rinne JR
Danette Tipton
Personal Rep. Deed
—
Dec 15, 2003
$260,900
Joseph Manzella
Duffield,richard E Est
Grant Deed
—
—
—
Joseph Manzella
—
Deed Of Trust
related
$85,000 · Mark 425 Ltd
—
—
Joseph Manzella
—
Deed Of Trust
related
$170,000 · Liberty Bank For Savings
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 2027 Whitfield Park Dr?
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.
