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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Banks
3511 Clark Rd Sarasota, FL 34231-8407
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-4536114
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,328 SF
Lot
0.87 ac (37,921 SF)
Zoning code
CI
APN
0088-16-0050
UPID
US18-4536114
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
-
Chase Bank Bank Loan Service
-
Chase Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$650k
Owner & transaction history
Clark Road 72 LLC · 12 yrs held
Clark Road 72 LLC
since 2014
4 recorded transactions
Zoning & alternative use
CI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CI district is to permit and facilitate the proper development of high intensity commercial development
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
91.35 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.0M
+111.8%
Auto repair, garage
$930,000
+91.6%
Office building
$845,000
+74.0%
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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$485,000
Current use
COMMERCIAL (GENERAL)
$1,030,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$195 / 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
$26,545
Tax year 2023
Assessed value
$2,153,600
Assessed 2023
Previous assessed
$2,149,900
+0.2% YoY
Effective rate
1.23%
On assessed value
Assessed land
$994,700
Assessed improvement
$1,158,900
Land market value
$994,700
Improvement market value
$1,158,900
Total market value
$2,153,600
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
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
3,328 SF
Lot
0.87 ac (37,921 SF)
Zoning code
CI
APN
0088-16-0050
UPID
US18-4536114
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FLZoning CI · permitted uses
CI · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the CI district is to permit and facilitate the proper development of high intensity commercial development
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
91.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$930,000
OFFICE BUILDING
Est. value
$845,000
MEDICAL BUILDING
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
RETAIL STORES
Est. value
$650,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Clark Road 72 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
4816 BENCHMARK CT, SARASOTA, FL 34238-3301
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2014
—
Clark Road 72 LLC
3511 Clark LLC
Quit Claim Deed
—
Jan 22, 2003
—
New York Waterford LLC
Mcclain,douglas C & Sandra L
Grant Deed
related
—
—
—
Douglas C Mcclain
—
Deed Of Trust
related
$247,000 · Amsouth Bank Florida
—
—
3511 Clark LLC
—
Deed Of Trust
related
$250,000 · Amsouth 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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