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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Flex space
2040 Whitfield Ave Sarasota, FL 34243-3956
Entity Owned
2-yr Hold
Property ID
US18-7992080
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1968
Construction
WOOD
Total area
42,580 SF
Lot
4.21 ac (183,388 SF)
Zoning code
LM
APN
19784.0005-9
UPID
US18-7992080
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
-
The Roskamp Institute Research Institute
-
Archer Pharmaceuticals Factory Production Facility
-
Dr. Deborah A. Burke, MD Physician Medical Clinic
-
Dr. Andrew P. Keegan, MD Physician Medical Clinic
-
Cheryl A. Luis, PhD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$3.87M
Owner & transaction history
Manatee County · 2 yrs held
Manatee County
since 2024
Last sale
$30,000
7 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,435,000
Current use
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $30k (Apr 19 2024)
Last sale anchor
$30k
Apr 19 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
$91 / 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
$20,824
Tax year 2023
Assessed value
$2,616,297
Assessed 2023
Previous assessed
$2,616,297
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$751,033
Assessed improvement
$1,865,264
Land market value
$751,033
Improvement market value
$1,865,264
Total market value
$2,616,297
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
1968
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
42,580 SF
Lot
4.21 ac (183,388 SF)
Zoning code
LM
APN
19784.0005-9
UPID
US18-7992080
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
$6.4M
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
1968
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
4.21 ac
Current owner
From public records · entity-resolved
Manatee County
Entity
Mailing address
2040 PO BOX 1000TH AVE, BRADENTON, FL 34206-1000
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$30,000
Manatee County
The Roskamp Institute INC
Warranty Deed
—
Jan 5, 2018
—
Roskamp Institute INC
—
Deed
related
$1,500,000 · Synovus Bk (tampa)
Mar 9, 2012
—
Roskamp Institute INC
—
Trustees Deed
related
$350,000 · First Bk Puerto Rico
Jul 27, 2011
—
Roskamp Institute INC
Roskamp Foundation Trust
Quit Claim Deed
related
—
Dec 28, 2006
—
Roskamp Trust
Roskamp,robert G
Quit Claim Deed
related
—
—
—
Roskamp Institute INC
—
Loan Modification
related
—
—
—
Roskamp Institute INC
—
Loan Modification
related
—
—
—
Roskamp Institute INC
—
Deed Of Trust
related
$3,000,000 · First Bk Puerto Rico
—
—
Roskamp Institute INC
—
Loan Modification
related
—
—
—
Roskamp Institute INC
—
Deed Of Trust
related
$1,500,000 · Synovus Bk (tampa)
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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