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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Turn key restaurants
3926 Tamiami Trl Sarasota, FL 34231-3622
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1151130
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,545 SF
Lot
0.89 ac (38,584 SF)
Zoning code
CGD
APN
0076-01-0003
UPID
US18-1151130
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
-
Sonny's BBQ Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$3.47M
Owner & transaction history
Harlee 3926 LLC · 3 yrs held
Harlee 3926 LLC
since 2022
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
CGD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.9M
+13.1%
Commercial (general)
$3.9M
+12.4%
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
$3,800,000
ML approach
$3,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,440,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,890,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,865,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±10% · vs last sale $2.85M (Dec 29 2022)
Last sale anchor
$2.85M
Dec 29 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
$625 / 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
$33,725
Tax year 2023
Assessed value
$2,148,800
Assessed 2023
Previous assessed
$1,814,500
+18.4% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,626,700
Assessed improvement
$522,100
Land market value
$1,626,700
Improvement market value
$522,100
Total market value
$2,148,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
7
Bathrooms
1
Total area
5,545 SF
Lot
0.89 ac (38,584 SF)
Zoning code
CGD
APN
0076-01-0003
UPID
US18-1151130
Jurisdiction
SARASOTA
Zoning & alternative use
CGD · Sarasota, FL
Zoning CGD · permitted uses
CGD · 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
RESTAURANT Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Harlee 3926 LLC
Entity
Mailing address
2333 GULF OF MEXICO DR UNIT A2, LONGBOAT KEY, FL 34228-3263
Ownership since
2022
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
Dec 29, 2022
$2,850,000
Harlee 3926 LLC
Sarasota Retail LLC
Special Warranty Deed
—
Feb 18, 2021
$2,400,000
Sarasota Retail LLC
Southwest Bar B Q INC
Special Warranty Deed
$1,750,000 · Bridgewater Bank
Jan 5, 1999
$1,200,000
Arvee Dona Bay INC
Woods,mickie L
Grant Deed
$1,785,000 · Suntrust Bank Gulf Coast
—
—
Southwest Bar-b-q INC
—
Deed Of Trust
related
$500,000 · Allen Lewis
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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