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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Amusement parks
3701 Bay Shr Rd Sarasota, FL 34234-5211
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4733174
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1973
Total area
5,402 SF
Lot
9.44 ac (411,372 SF)
Zoning code
RSFE
APN
2004-14-0003
UPID
US18-4733174
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 Jungle Gardens Zoo Botanical Garden
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$715k
Owner & transaction history
Sarasota Jungle Gardens INC · 9 yrs held
Sarasota Jungle Gardens INC
since 2016
3 recorded transactions
Zoning & alternative use
RSFE · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home | City of Sarasota
Top alternative use upside
Restaurant
$1.1M
+86.9%
Auto repair, garage
$1.1M
+78.3%
Office building
$770,000
+25.5%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$610,000
Current use
RESTAURANT
$1,145,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,090,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$760,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$132 / 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
$38,306
Tax year 2023
Assessed value
$2,218,800
Assessed 2023
Previous assessed
$2,128,200
+4.3% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,341,900
Assessed improvement
$876,900
Land market value
$1,341,900
Improvement market value
$876,900
Total market value
$2,218,800
Applied tax rate
200.0000
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
WALL UNIT
Buildings
6
Stories
1
Rooms
22
Bathrooms
3
Total area
5,402 SF
Lot
9.44 ac (411,372 SF)
Zoning code
RSFE
APN
2004-14-0003
UPID
US18-4733174
Jurisdiction
SARASOTA
Zoning & alternative use
RSFE · Sarasota, FLZoning RSFE · permitted uses
RSFE · 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
$610,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$770,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
RETAIL STORES
Est. value
$695,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1973
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Rooms
22
Bathrooms
3
Lot
9.44 ac
Current owner
From public records · entity-resolved
Sarasota Jungle Gardens INC
Entity
Mailing address
3701 BAY SHR RD, SARASOTA, FL 34234-5211
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2016
—
Sarasota Jungle Gardens INC
—
Deed
related
$292,000 · Jpmorgan Chase Bank NA
—
—
Sarasota Jungle Gardens INC
—
Deed Of Trust
related
$260,000 · Suntrust Bank NA
—
—
Sarasota Jungle Gardens INC
—
Deed Of Trust
related
$341,841 · 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.
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