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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Warehouses
3945 Sawyer Rd Sarasota, FL 34233-1218
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5329283
Property summary
AI-generated overview
This exceptional standalone warehouse complex in Sarasota, Florida, presents a unique investment opportunity. Located at 3945 Sawyer Rd, 34233, this fully fenced property boasts 6,000 square feet of versatile space, easily divisible into two 3,000 square foot units if needed. The main building features 6,000 square feet of fully air-conditioned space, including a showroom/office area with a storefront entrance and a spacious warehouse with multiple access doors. High ceilings and an existing chain-link rack system provide efficient storage solutions. The property benefits from excellent visibility due to its location off Sawyer Road, with ample parking and easy access. Situated south of Bee Ridge Road and west of I-75, this location offers convenient access to major transportation routes. The property has been successfully operated as a storage facility for over 35 years, demonstrating its adaptability and potential for various uses. The well-maintained building and grounds are enhanced by visible signage and a front gate. Attractive seller financing options are available to qualified buyers, making this an even more compelling opportunity. This property is ideal for businesses seeking a flexible and functional space in a prime Sarasota location.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
6,300 SF
Lot
0.54 ac (23,646 SF)
Zoning code
CI
APN
0070-02-0037
UPID
US18-5329283
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
-
Realedyne Group Inc Real Estate Agency
-
Mini-Max Storage Co Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.70M
Owner & transaction history
Sawyer South LLC · 1 yrs held
Sawyer South LLC
since 2024
Last sale
$1.7M
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
Auto repair, garage
$2.8M
+114.2%
Retail stores
$2.5M
+92.5%
Office building
$1.9M
+45.1%
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
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,290,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: +114% · Conversion: Easy
RETAIL STORES
$2,485,000
Change: +92% · Conversion: Moderate
OFFICE BUILDING
$1,875,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Nov 1 2024)
Last sale anchor
$1.70M
Nov 1 2024
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
$270 / 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
$10,224
Tax year 2023
Assessed value
$723,900
Assessed 2023
Previous assessed
$514,200
+40.8% YoY
Effective rate
1.41%
On assessed value
Assessed land
$257,400
Assessed improvement
$466,500
Land market value
$257,400
Improvement market value
$466,500
Total market value
$723,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
12
Bathrooms
1
Total area
6,300 SF
Lot
0.54 ac (23,646 SF)
Zoning code
CI
APN
0070-02-0037
UPID
US18-5329283
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1978
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
12
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Sawyer South LLC
Entity
Mailing address
1550 THICKET LN, SARASOTA, FL 34240-9402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 1, 2024
$1,700,000
Sawyer South LLC
Sawyer Road LLC
Warranty Deed
—
Jun 16, 2021
$550,000
Sawyer Road LLC
Wallace V Erickson
Warranty Deed
—
—
—
Wallace V Erickson
—
Deed Of Trust
related
$309,000 · Sarasota Bank
—
—
Wallace V Erickson
—
Deed Of Trust
related
$245,000 · Sabal Palm 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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