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Property profile & analytics
OFF-MARKET
Turn key restaurants
27 Fletcher Ave Sarasota, FL 34237-6017
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0811381
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,347 SF
Lot
0.17 ac (7,500 SF)
Zoning code
DTC
APN
2027-01-0018
UPID
US18-0811381
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
-
Laura T. Keitel CPA Accounting Firm Tax Preparation
-
Spectrum Authorized Retailer Telecommunications Service
-
Bavaro's Pizza Napoletana & Pastaria Restaurant
-
Del Posto Lounge Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bavaro Realty Holdings Sarasot · 9 yrs held
Bavaro Realty Holdings Sarasot
since 2017
7 recorded transactions
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in DTC zone district and simplify approval process, and make minor text revisions to site plan criteria, site plans in the downtown, and condit…
Zone name
Downtown Core
General category
MIXED_USE
Zone area
248.50 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,242
Tax year 2023
Assessed value
$1,044,000
Assessed 2023
Previous assessed
$928,000
+12.5% YoY
Effective rate
0.41%
On assessed value
Assessed land
$541,600
Assessed improvement
$502,400
Land market value
$541,600
Improvement market value
$502,400
Total market value
$1,044,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
12
Bathrooms
4
Total area
1,347 SF
Lot
0.17 ac (7,500 SF)
Zoning code
DTC
APN
2027-01-0018
UPID
US18-0811381
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FLZoning DTC · permitted uses
DTC · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in DTC zone district and simplify approval process, and make minor text revisions to site plan criteria, site plans in the downtown, and conditional use criteria. 22-5414 (PDF, 6MB) 22-5415 Primary Grid Streets (22-ZTA-02) - A
Zone name
Downtown Core
General category
MIXED_USE
Zone area
248.50 ac
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
12
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Bavaro Realty Holdings Sarasot
Entity
Mailing address
514 N FRANKLIN ST STE #101, TAMPA, FL 33602-4801
Ownership since
2017
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
Apr 25, 2018
—
Bavaro Realty Hldgs Sarasota L
—
Deed
related
$320,000 · Usameribank
Jul 13, 2017
$19,000
Bavaro Realty Holdings Sarasot
Minhkieu LLC
Warranty Deed
$1,115,000 · Usameribank
Apr 14, 2015
$500,000
Minhkieu LLC
27 Fletcher LLC
Warranty Deed
—
Feb 14, 2011
$427,700
27 Fletcher LLC
Finkelstein,david N
Warranty Deed
$180,000 · Synovus Bank
Feb 26, 1998
$393,500
David N Finkelstein Pa
Marti,gregory W & Donna L
Grant Deed
$295,000 · Northern Trust Bank Of Florida
—
—
27 Fletcher LLC
—
Deed Of Trust
related
$180,000 · Synovus Bank
—
—
Bavaro Realty Hldgs Sarasota L
—
Loan Modification
related
$320,000 · Usameribank
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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