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Property profile & analytics
FOR LEASE
Turn key restaurants
300 John Ringling Blvd Sarasota, FL 34236
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3292750
For Lease
1 / 2
$8,575,000
300 John Ringling Blvd, Sarasota, FL 34236
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,024 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CT
APN
2014-05-0129
UPID
US18-3292750
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
-
Tommy Bahama Restaurant, Bar & Store Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.57M
Blend (final)
Blend
$8.58M
Owner & transaction history
4086 Davison Property LLC · 3 yrs held
4086 Davison Property LLC
since 2022
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
CT · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.4M
+27.7%
Neighborhood: shopping center
$5.6M
+13.1%
Commercial (general)
$5.6M
+12.4%
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
$10,660,000
ML approach
$10,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,355,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,630,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,590,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$8.58M
Range $7.72M – $9.43M · ±10% · vs last sale $8.00M (Oct 3 2022)
Last sale anchor
$8.00M
Oct 3 2022
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
$1,069 / 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
$88,525
Tax year 2023
Assessed value
$5,276,200
Assessed 2023
Previous assessed
$3,994,800
+32.1% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,378,000
Assessed improvement
$3,898,200
Land market value
$1,378,000
Improvement market value
$3,898,200
Total market value
$5,276,200
Applied tax rate
9,100.0000
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
For Lease
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
6
Bathrooms
4
Total area
8,024 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CT
APN
2014-05-0129
UPID
US18-3292750
Jurisdiction
SARASOTA
Zoning & alternative use
CT · Sarasota, FL
Zoning CT · permitted uses
CT · 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
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
4086 Davison Property LLC
Entity
Mailing address
220 PARK ST STE #102, BIRMINGHAM, MI 48009-3477
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$8,000,000
4086 Davison Property LLC
James L Xarras
Deed
$5,600,000 · The Farmers & Merchants State Bank
Dec 5, 2016
$6,800,000
James L Xarras
Howard W Rooks
Warranty Deed
—
Sep 29, 2010
—
W Howard Rooks
—
Trustees Deed
related
$3,174,400 · Synovus Bank Of Florida
Aug 6, 2008
—
W Howard Rooks
—
Deed Of Trust
related
$4,000,000 · Synovus Bank
Jul 16, 2003
$4,300,000
W H Rooks
Tropical Partners INC
Grant Deed
$3,440,000 · Orion Bank
Jun 28, 1996
$1,306,200
Tropical Ptnr INC
S A P Assoc
Grant Deed
—
—
—
W Howard Rooks
—
Deed Of Trust
related
$3,749,982 · Synovus Bank
—
—
W Howard Rooks
—
Deed Of Trust
related
$3,749,842 · Synovus Bank
—
—
W Howard Rooks
—
Deed Of Trust
related
$75,000 · Synovus Bank
—
—
W Howard Rooks
—
Deed Of Trust
related
$280,000 · Synovus 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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