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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Golf courses & driving ranges
3101 Longmeadow Sarasota, FL 34235-6905
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-5211917
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,664 SF
Lot
310.26 ac (13,515,117 SF)
Zoning code
RSF2; PUD
APN
0031-01-0002
UPID
US18-5211917
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
-
Golf Yoga Fitness Gym & Fitness Center
-
Longmeadow Country Club Restaurant
-
The Meadows HOA Homeowners' Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Meadows Community Assn INC · 8 yrs held
Meadows Community Assn INC
since 2018
5 recorded transactions
Zoning & alternative use
RSF2; PUD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home | City of Sarasota
Top alternative use upside
Industrial (general)
$3.4M
+39.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$2,455,000
Current use
INDUSTRIAL (GENERAL)
$3,415,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$97 / 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
$139,438
Tax year 2023
Assessed value
$8,234,500
Assessed 2023
Previous assessed
$7,100,000
+16.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$4,050,000
Assessed improvement
$4,184,500
Land market value
$4,050,000
Improvement market value
$4,184,500
Total market value
$8,234,500
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
13
Stories
2
Rooms
61
Bathrooms
11
Total area
21,664 SF
Lot
310.26 ac (13,515,117 SF)
Zoning code
RSF2; PUD
APN
0031-01-0002
UPID
US18-5211917
Jurisdiction
SARASOTA
Zoning & alternative use
RSF2; PUD · Sarasota, FLZoning RSF2; PUD · permitted uses
RSF2; PUD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
INDUSTRIAL (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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
13
Rooms
61
Bathrooms
11
Lot
310.26 ac
Current owner
From public records · entity-resolved
Meadows Community Assn INC
Entity
Mailing address
2004 LONGMEADOW, SARASOTA, FL 34235-1844
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
$6,000,000
Meadows Community Assn INC
Meadows Country Club INC
Warranty Deed
related
—
Sep 27, 2016
—
Meadows Country Club INC
—
Deed
related
$1,075,000 · Meadows Loan Trustee LLC
—
—
Meadows Country Club INC
—
Deed Of Trust
related
$900,000 · Synovus Bank
—
—
Meadows Country Club INC
—
Deed Of Trust
related
$500,000 · Synovus Bank
—
—
Meadows Country Club INC
—
Deed Of Trust
related
$1,075,000 · Meadows Loan Trustee LLC
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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