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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Automotive properties
2073 20th St Sarasota, FL 34234-7661
Individually Owned
Free & Clear
Property ID
US19-0664893
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,000 SF
Lot
0.26 ac (11,500 SF)
Zoning code
IGD
APN
0043-12-0034
UPID
US19-0664893
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
-
Walt's Marine Services (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$650k
Owner & transaction history
Lundgren Walter
Lundgren Walter
since 2026
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
IGD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$700,000
+59.6%
Commercial (general)
$695,000
+58.6%
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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$440,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$410,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$400,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$395,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Apr 1 2024)
Last sale anchor
$650k
Apr 1 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
$650 / 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
$3,630
Tax year 2023
Assessed value
$281,800
Assessed 2023
Previous assessed
$281,800
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$207,800
Assessed improvement
$74,000
Land market value
$207,800
Improvement market value
$74,000
Total market value
$281,800
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
2
Bathrooms
2
Total area
1,000 SF
Lot
0.26 ac (11,500 SF)
Zoning code
IGD
APN
0043-12-0034
UPID
US19-0664893
Jurisdiction
SARASOTA
Zoning & alternative use
IGD · Sarasota, FL
Zoning IGD · permitted uses
IGD · 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
AUTO REPAIR, GARAGE Current
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$695,000
OFFICE BUILDING
Est. value
$410,000
MEDICAL BUILDING
Est. value
$400,000
RETAIL STORES
Est. value
$395,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Lundgren Walter
Individual
Free & Clear · 0 yrs held
Mailing address
3658 LAKEWOOD DR, SARASOTA, FL 34232-5704
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
$501,002
Lundgren Walter
2073 20th Street LLC
Deed
—
Apr 1, 2024
$650,000
2073 20th Street LLC
Walter A Lundgren
Warranty Deed
$640,000 · Walter Lundgren
Apr 12, 2018
—
Walter A Lundgren
—
Deed
related
$87,776 · Cadence Bank NA
Apr 2, 2010
$107,000
Walter A Lundgren
Horizon Bk
Warranty Deed
$96,300 · Horizon Bank
Nov 13, 2009
$40,001
Horizon Bk
Rodriguez,joseph V & Carol A Coc
Trustees Deed
related
—
Apr 10, 2002
$115,000
Joseph V Rodriguez
Sarasota Mobile Marine INC
Grant Deed
$105,000 · First State Bank
—
—
Joseph V Rodriguez
—
Deed Of Trust
related
$210,000 · Horizon Bank
—
—
Joseph V Rodriguez
—
Deed Of Trust
related
$130,000 · Brasota Mortgage Co INC
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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