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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Flex space
2121 Whitfield Park Loop Sarasota, FL 34243-4014
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7597368
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Construction
CONCRETE
Total area
21,000 SF
Lot
1.16 ac (50,617 SF)
Zoning code
LM
APN
18683.0020-1
UPID
US18-7597368
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
-
Efficient Building Systems-Florida Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$1.78M
Owner & transaction history
2121 Wpl LLC · 10 yrs held
2121 Wpl LLC
since 2015
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
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±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
$85 / 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
$19,713
Tax year 2023
Assessed value
$1,053,806
Assessed 2023
Previous assessed
$871,885
+20.9% YoY
Effective rate
1.87%
On assessed value
Assessed land
$299,540
Assessed improvement
$754,266
Land market value
$299,540
Improvement market value
$754,266
Total market value
$1,053,806
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
21,000 SF
Lot
1.16 ac (50,617 SF)
Zoning code
LM
APN
18683.0020-1
UPID
US18-7597368
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.
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
2121 Wpl LLC
Entity
Mailing address
2333 WHITFIELD PARK LOOP, SARASOTA, FL 34243-4059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2015
$750,000
2121 Wpl LLC
The Stefanutti Family Limited Partn
Special Warranty Deed
$624,000 · Synovus Bank
Mar 24, 2006
$760,000
Stefanutti Family
Majewski,lawrence J & Shannon R
Warranty Deed
—
Jan 29, 2004
—
Lawrence J Majewski
Studio 21 Lighting INC
Grant Deed
related
—
Mar 15, 2001
$650,000
Larry Majewski
Studio 21 Lighting INC
Grant Deed
$550,000 · Community Bank Of Manatee
Jun 24, 1996
$440,000
Studio 21 Lighting INC
Georgia Pacific Corp
Grant Deed
$237,500 · American Bank Of Bradenton
—
—
Stefanutti Family
—
Deed Of Trust
related
$850,000 · Bank Of Auburn Hills
—
—
Lawrence Majewski
—
Deed Of Trust
related
$545,000 · Horizon Bank
—
—
Lawrence J Majewski
—
Deed Of Trust
related
$150,000 · Horizon Bank
—
—
Lawrence J Majewski
—
Deed Of Trust
related
$200,000 · Horizon Bank
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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