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Property profile & analytics
FOR LEASE
Warehouses
2140 20Th St Sarasota, FL 34234
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0991979
For Lease
1 / 12
$17 SF/Yr
2140 20Th St, Sarasota, FL 34234
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Total area
10,560 SF
Lot
0.43 ac (18,929 SF)
Zoning code
IGD
APN
0043-12-0077
UPID
US18-0991979
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
-
Body and Motor Auto Solution Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.95M
Owner & transaction history
El Tule LLC · 3 yrs held
El Tule LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
IGD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (IGD) and Industrial Heavy District (IHD) zone districts and to adopt certain development standards for solar utilities. 24-5523 Housing Auth…
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
205.62 ac
Source
Home | City of Sarasota
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
$2,055,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,815,000
Current use
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±10% · vs last sale $1.90M (Mar 10 2023)
Last sale anchor
$1.90M
Mar 10 2023
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
$184 / 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
$10,128
Tax year 2023
Assessed value
$642,700
Assessed 2023
Previous assessed
$420,100
+53.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$312,000
Assessed improvement
$330,700
Land market value
$312,000
Improvement market value
$330,700
Total market value
$642,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1973
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
3
Bathrooms
2
Total area
10,560 SF
Lot
0.43 ac (18,929 SF)
Zoning code
IGD
APN
0043-12-0077
UPID
US18-0991979
Jurisdiction
SARASOTA
Zoning & alternative use
IGD · Sarasota, FLZoning IGD · permitted uses
IGD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (IGD) and Industrial Heavy District (IHD) zone districts and to adopt certain development standards for solar utilities. 24-5523 Housing Authority Overlay District (24-ZTA-01) - An Ordinance to expand the Housing Authority O
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
205.62 ac
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
WAREHOUSE, STORAGE 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
1973
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
El Tule LLC
Entity
Free & Clear · 3 yrs held
Mailing address
382 NE 191ST ST #31904, MIAMI, FL 33179-3899
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 10, 2023
$1,900,000
El Tule LLC
Robert R Barnett
Warranty Deed
—
May 4, 2018
—
Robert R Barnett
—
Deed
related
$668,000 · Sabal Palm Bank
Nov 14, 2008
—
Robert R Barnett
—
Trustees Deed
related
$525 · Superior Bank Fsb
May 23, 2006
$300,000
Robert R Barnett
Peter F Darling
Warranty Deed
$350,000 · Peoples Community Bank Of The West
—
—
Robert R Barnett
—
Deed Of Trust
related
$50,000 · Peoples Community Bank
—
—
Robert R Barnett INC
—
Deed Of Trust
related
$600,000 · Insignia Bank
—
—
Peter F Darling
—
Deed Of Trust
related
$200,000 · Liberty Bank For Savings
—
—
Robert R Barnett
—
Deed Of Trust
related
$149,400 · Superior Bank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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