Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Retail space
2160 Gulf Gate Dr Sarasota, FL 34231-4813
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-5315949
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1970
Total area
5,998 SF
Lot
0.35 ac (15,300 SF)
Zoning code
CG
APN
0104-07-0001
UPID
US18-5315949
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.45M
Owner & transaction history
Florida Shores Bk-sw · 12 yrs held
Florida Shores Bk-sw
since 2013
7 recorded transactions
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+13.9%
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%
$1,560,000
6.5%
$1,440,000
7%
$1,340,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,095,000
Current use
MEDICAL BUILDING
$2,385,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,865,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$242 / 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
$15,285
Tax year 2023
Assessed value
$1,086,900
Assessed 2023
Previous assessed
$1,109,200
-2.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$291,000
Assessed improvement
$795,900
Land market value
$291,000
Improvement market value
$795,900
Total market value
$1,086,900
Applied tax rate
2,000.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
2
Rooms
4
Bathrooms
4
Total area
5,998 SF
Lot
0.35 ac (15,300 SF)
Zoning code
CG
APN
0104-07-0001
UPID
US18-5315949
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FL
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
1970
Heating
YES
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
Florida Shores Bk-sw
Individual
Free & Clear · 12 yrs held
Mailing address
2160 GULF GATE DR, SARASOTA, FL 34231-4813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2013
$1,477,500
Florida Shores Bk-sw
Marot,richard N & Charlene K
Grant Deed
related
—
Nov 24, 2004
—
Richard N Marot
—
Trustees Deed
related
$100,000 · Colonial Bank
Jun 21, 2004
—
Richard N Marot
—
Trustees Deed
related
$200,000 · Premier Community Bank
—
—
Richard N Marot
—
Deed Of Trust
related
$2,520,000 · Florida Shores Bank
—
—
Richard N Marot
—
Loan Modification
related
$1,477,500 · Florida Shores Bank
—
—
Richard N Marot
—
Deed Of Trust
related
$150,000 · Premier Community Bank
—
—
Richard N Marot
—
Deed Of Trust
related
$200,000 · Premier Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2160 Gulf Gate Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
