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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Bars & Pubs
3877 Clark Rd, Sarasota, FL 34233-2302
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-5392216
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,749 SF
Lot
0.89 ac (38,837 SF)
Zoning code
CG; OPI
APN
0090-14-0028
UPID
US18-5392216
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
-
Paddy Wagon Irish Pub Bar & Pub Nightclub
-
Alday's BBQ Take-out & Catering Catering Service
-
Casa de Campo Argentinian Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$525k
Owner & transaction history
Tr Bigs LLC · 21 yrs held
Tr Bigs LLC
since 2004
1 recorded transaction
Zoning & alternative use
CG; OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$470,000
+19.0%
Office building
$460,000
+17.1%
Medical building
$415,000
+4.8%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$395,000
Current use
COMMERCIAL (GENERAL)
$470,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$460,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$415,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$355,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$325,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$300 / 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
$12,730
Tax year 2023
Assessed value
$1,088,100
Assessed 2023
Previous assessed
$602,500
+80.6% YoY
Effective rate
1.17%
On assessed value
Assessed land
$867,000
Assessed improvement
$221,100
Land market value
$867,000
Improvement market value
$221,100
Total market value
$1,088,100
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
5
Bathrooms
3
Total area
1,749 SF
Lot
0.89 ac (38,837 SF)
Zoning code
CG; OPI
APN
0090-14-0028
UPID
US18-5392216
Jurisdiction
SARASOTA
Zoning & alternative use
CG; OPI · Sarasota, FL
Zoning CG; OPI · permitted uses
CG; 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.
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$470,000
OFFICE BUILDING
Est. value
$460,000
MEDICAL BUILDING
Est. value
$415,000
RETAIL STORES
Est. value
$355,000
AUTO REPAIR, GARAGE
Est. value
$325,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
3
Lot
0.89 ac
Current owner
From public records · entity-resolved
Tr Bigs LLC
Entity
Mailing address
3877 CLARK RD, SARASOTA, FL 34233-2302
Ownership since
2004
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
Jul 27, 2004
$550,000
Tr Bigs LLC
Herzog Viola H Trust
Warranty Deed
$450,000 · Herzog Viola H Trust (tr)
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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