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Property profile & analytics
FOR SALE
Commercial land
3401 Desoto Rd Sarasota, FL 34235
Entity Owned
Free & Clear
Property ID
US18-9699091
For Sale
1 / 2
$2,250,000
3401 Desoto Rd, Sarasota, FL 34235
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Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1953
Total area
1,516 SF
Lot
8.27 ac (360,241 SF)
Zoning code
OPI
APN
0020-15-0003
UPID
US18-9699091
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.87M
Owner & transaction history
Servisfirst Bank
Servisfirst Bank
since 2026
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
OPI · 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
$4,800,000
ML approach
$5,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.60M (Nov 15 2022)
Last sale anchor
$3.60M
Nov 15 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
$2,553 / 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
$23,569
Tax year 2023
Assessed value
$2,035,700
Assessed 2023
Previous assessed
$1,077,700
+88.9% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,035,700
Land market value
$2,035,700
Total market value
$2,035,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1953
Heating
YES
Cooling
WINDOW A/C
Stories
1
Rooms
6
Bathrooms
1
Total area
1,516 SF
Lot
8.27 ac (360,241 SF)
Zoning code
OPI
APN
0020-15-0003
UPID
US18-9699091
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Sarasota, FL
Zoning OPI · permitted uses
OPI · 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
1953
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
8.27 ac
Current owner
From public records · entity-resolved
Servisfirst Bank
Entity
Free & Clear · 0 yrs held
Mailing address
100 SHEPPARD AVE 502ND XX
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2026
$927,001
Servisfirst Bank
Lockwood Ridge Road Partners LP
Deed
—
Nov 15, 2022
$3,600,000
Lockwood Ridge Road Partners LP
Lockwood Ridge Land LP
Warranty Deed
$1,000,000 · Richard Goldberg
Apr 4, 2019
—
Lockwood Ridge Land LP
—
Deed
related
$650,000 · Delrin Investments INC
Oct 1, 2018
—
Lockwood Ridge Land LP
—
Deed
related
$3,560,000 · Revere High Yield Fund LP
Apr 1, 2016
$2,333,800
Lockwood Ridge Land LP
Lewis,kurt F
Grant Deed
—
Jun 6, 2002
$200,000
Kurt F Lewis Trustee
Becker,henry C & Marie S
Grant Deed
—
—
—
Lockwood Ridge Land LP
—
Deed Of Trust
related
$650,000 · Delrin Investments INC
—
—
Desoto Road Trust
—
Deed Of Trust
related
$632,500 · Florida Bank Of Sarasota
—
—
Lockwood Ridge Land LP
—
Deed Of Trust
related
$3,560,000 · Revere High Yield Fund LP
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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