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Property profile & analytics
OFF-MARKET
Estimated value
$5,855,000
Flex space
2250 Whitfield Ave Sarasota, FL 34243-3926
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-5300434
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
WOOD FRAME
Total area
122,956 SF
Lot
20.16 ac (878,213 SF)
Zoning code
HM
APN
19759.1005-9
UPID
US18-5300434
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
-
Safran Electrical & Power Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$5.86M
Owner & transaction history
Safran Power USA LLC · 6 yrs held
Safran Power USA LLC
since 2020
Last sale
$4.2M
3 recorded transactions
Zoning & alternative use
HM · 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
$6,825,000
ML approach
$6,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±10% · vs last sale $4.15M (Jan 3 2020)
Last sale anchor
$4.15M
Jan 3 2020
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
$48 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$113,583
Tax year 2022
Assessed value
$6,506,739
Assessed 2023
Previous assessed
$6,506,739
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$2,743,333
Assessed improvement
$3,763,406
Land market value
$2,743,333
Improvement market value
$3,763,406
Total market value
$6,506,739
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
1978
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
122,956 SF
Lot
20.16 ac (878,213 SF)
Zoning code
HM
APN
19759.1005-9
UPID
US18-5300434
Jurisdiction
MANATEE
Zoning & alternative use
HM · Sarasota, FL
Zoning HM · permitted uses
HM · 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
1978
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
20.16 ac
Current owner
From public records · entity-resolved
Safran Power USA LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2250 WHITFIELD AVE, SARASOTA, FL 34243-3926
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 3, 2020
—
Safran Power USA LLC
Safran Electrical
Quit Claim Deed
related
—
May 9, 2014
$4,150,000
Labinal LLC
Eaton Aerospace LLC
Grant Deed
—
Jul 3, 2000
$3,714,900
Eaton Aerospace LLC
Eaton Corp
Grant Deed
related
—
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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