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Property profile & analytics
OFF-MARKET
Estimated value
$8,645,000
Retail space
3860 Central Sarasota Pkwy Sarasota, FL 34238-3046
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7948005
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,462 SF
Lot
1.74 ac (75,790 SF)
Zoning code
CSC
APN
0132-03-0007
UPID
US18-7948005
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Cosmetic Store
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.75M
Blend (final)
Blend
$8.65M
Owner & transaction history
Oaks Plaza Of Sarasota LLC · 4 yrs held
Oaks Plaza Of Sarasota LLC
since 2021
Last sale
$8.8M
1 recorded transaction
Zoning & alternative use
CSC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.5M
+77.6%
Commercial (general)
$11.5M
+76.5%
Restaurant
$10.2M
+57.1%
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
RETAIL STORES
$6,500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,545,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,470,000
Change: +76% · Conversion: Easy
RESTAURANT
$10,210,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,235,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$6,760,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$6,545,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.65M
Range $7.78M – $9.51M · ±10% · vs last sale $8.80M (Oct 7 2021)
Last sale anchor
$8.80M
Oct 7 2021
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
$525 / 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
$65,354
Tax year 2023
Assessed value
$5,212,000
Assessed 2023
Previous assessed
$5,182,300
+0.6% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,299,400
Assessed improvement
$2,912,600
Land market value
$2,299,400
Improvement market value
$2,912,600
Total market value
$5,212,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
16,462 SF
Lot
1.74 ac (75,790 SF)
Zoning code
CSC
APN
0132-03-0007
UPID
US18-7948005
Jurisdiction
SARASOTA
Zoning & alternative use
CSC · Sarasota, FL
Zoning CSC · permitted uses
CSC · 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 Current
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$11.5M
RESTAURANT
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
Bathrooms
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Oaks Plaza Of Sarasota LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3980 TAMPA RD STE #205, OLDSMAR, FL 34677-3223
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$8,800,000
Oaks Plaza Of Sarasota LLC
Bldg Sarasota LLC
Special Warranty Deed
—
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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