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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
2828 Clark Rd Sarasota, FL 34231-6220
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0770446
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,801 SF
Lot
0.53 ac (23,028 SF)
Zoning code
CG
APN
0101-04-0063
UPID
US18-0770446
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
-
Sarasota Hair Co Hair Salon Nail Salon
-
Coral Connection (Bike/Boat/Book/etc) Store Pet Store & Service
-
Central Park Realty Property Management Company
-
Oxygen & Respiratory Therapy Pharmacy
-
La Bodega Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.18M
Owner & transaction history
Cdlk Family Ventures LLC · 3 yrs held
Cdlk Family Ventures LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+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
$1,190,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,155,000
7%
$1,070,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,675,000
Current use
MEDICAL BUILDING
$1,910,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,490,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.10M (Mar 1 2023)
Last sale anchor
$1.10M
Mar 1 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
$245 / 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
$16,976
Tax year 2023
Assessed value
$1,290,000
Assessed 2023
Previous assessed
$1,015,600
+27.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$644,600
Assessed improvement
$645,400
Land market value
$644,600
Improvement market value
$645,400
Total market value
$1,290,000
Applied tax rate
1,000.0000
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
11
Bathrooms
13
Total area
4,801 SF
Lot
0.53 ac (23,028 SF)
Zoning code
CG
APN
0101-04-0063
UPID
US18-0770446
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
$1.7M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
11
Bathrooms
13
Lot
0.53 ac
Current owner
From public records · entity-resolved
Cdlk Family Ventures LLC
Entity
Mailing address
3726 SPYGLASS HL RD, SARASOTA, FL 34238-2822
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$1,100,000
Cdlk Family Ventures LLC
Tee Holdings LLC
Warranty Deed
$400,000 · Tee Holdings LLC
Oct 26, 2017
$830,000
Byb Property Holdings Land Trust
J B Holdings Of Sarasota LLC
Warranty Deed
$200,000 · J B Holdings Of Sarasota LLC
Feb 1, 2005
$1,350,000
J B Holdings Of Sarasota LLC
Frank H Kovach
Warranty Deed
$635,000 · Peoples Community Bank Of The West
Oct 22, 2001
$1,220,000
Frank H Kovach
Marko INC
Grant Deed
—
Feb 1, 2001
$740,000
Marko INC
Brad S Lerner Trustee
Grant Deed
$250,000 · Seller
—
—
Frank H Kovach
—
Deed Of Trust
related
$725,000 · American Bank
—
—
Frank H Kovach
—
Deed Of Trust
related
$7,150,000 · Comerica 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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