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Property profile & analytics
OFF-MARKET
Estimated value
$16,430,000
Retail properties & Spaces
4020 Central Sarasota Pkwy Sarasota, FL 34238-6692
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3026255
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2012
Total area
111,041 SF
Lot
20 ac (871,250 SF)
Zoning code
CG
APN
0132-02-0001
UPID
US18-3026255
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
-
Lowe's Garden Center Garden Center
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Installation Services General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.68M
Blend (final)
Blend
$16.43M
Owner & transaction history
Lowes Home Centers INC · 17 yrs held
Lowes Home Centers INC
since 2008
2 recorded transactions
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CG district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial General
General category
COMMERCIAL
Zone area
54.76 ac
Source
Realmo
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
Blend value · Realmo final
$16.43M
Range $14.79M – $18.07M · ±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
$148 / 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
$172,919
Tax year 2023
Assessed value
$11,629,100
Assessed 2023
Previous assessed
$12,275,500
-5.3% YoY
Effective rate
1.49%
On assessed value
Assessed land
$5,171,200
Assessed improvement
$6,457,900
Land market value
$5,171,200
Improvement market value
$6,457,900
Total market value
$11,629,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
111,041 SF
Lot
20 ac (871,250 SF)
Zoning code
CG
APN
0132-02-0001
UPID
US18-3026255
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FLZoning CG · permitted uses
CG · 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 CG district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial General
General category
COMMERCIAL
Zone area
54.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2012
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
20 ac
Current owner
From public records · entity-resolved
Lowes Home Centers INC
Entity
Free & Clear · 17 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2008
$14,739,000
Lowes Home Centers INC
Quorn Hounds INC
Grant Deed
—
May 25, 2005
—
Quorn Hounds INC
Palmer Ranch Holdings Ltd
Warranty Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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