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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Amusement parks
2121 Tamiami Trl Sarasota, FL 34234-8344
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-8906759
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,556 SF
Lot
1.37 ac (59,628 SF)
Zoning code
NT
APN
2006-09-0044
UPID
US18-8906759
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
-
Sarasota Ophthalmology Associates Ophthalmologist (Bike/Boat/Book/etc) Store
-
Campbell David P MD Ophthalmologist
-
Sarasota Optical Inc Ophthalmologist (Bike/Boat/Book/etc) Store
-
Physical Therapy of Sarasota Physician
-
Dr. Cornelius Halvey Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$725k
Owner & transaction history
Whimsical Arts LLC · 17 yrs held
Whimsical Arts LLC
since 2008
3 recorded transactions
Zoning & alternative use
NT · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the NT district is to permit a mix of neighborhood scale commercial; cultural and educational facilities; tourist accommodations and attractions; multifamily residential and mixed uses and to facilitate their proper development and use
Zone name
North Trail
General category
MIXED_USE
Zone area
149.76 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.2M
+86.9%
Auto repair, garage
$1.1M
+78.3%
Office building
$790,000
+25.5%
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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$630,000
Current use
RESTAURANT
$1,175,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,125,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$780,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$130 / 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
$32,767
Tax year 2023
Assessed value
$2,071,400
Assessed 2023
Previous assessed
$1,837,000
+12.8% YoY
Effective rate
1.58%
On assessed value
Assessed land
$967,000
Assessed improvement
$1,104,400
Land market value
$967,000
Improvement market value
$1,104,400
Total market value
$2,071,400
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
4
Bathrooms
8
Total area
5,556 SF
Lot
1.37 ac (59,628 SF)
Zoning code
NT
APN
2006-09-0044
UPID
US18-8906759
Jurisdiction
SARASOTA
Zoning & alternative use
NT · Sarasota, FLZoning NT · permitted uses
NT · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the NT district is to permit a mix of neighborhood scale commercial; cultural and educational facilities; tourist accommodations and attractions; multifamily residential and mixed uses and to facilitate their proper development and use
Zone name
North Trail
General category
MIXED_USE
Zone area
149.76 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$630,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$780,000
RETAIL STORES
Est. value
$715,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
8
Lot
1.37 ac
Current owner
From public records · entity-resolved
Whimsical Arts LLC
Entity
Mailing address
1141 SYLVAN DR, SARASOTA, FL 34234-8334
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2008
$1,550,000
Whimsical Arts LLC
Mcgee,joan R
Warranty Deed
—
Apr 16, 2003
$1,200,000
Joan R Mcgee
Trubitz,suellen G
Grant Deed
$1,000,000 · Suellen G Trubitz
—
—
Joan R Mcgee
—
Deed Of Trust
related
$990,000 · Interbay Funding LLC
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
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