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Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Retail space
4050 Washington Blvd Sarasota, FL 34234-4837
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US19-0478362
Property summary
AI-generated overview
This exceptional 2,000-square-foot Class A retail space, located at 4050 N Washington Blvd in Sarasota, Florida (zip code 34234), is situated on a 1.38-acre lot (60,093 sq ft) and boasts excellent visibility. Built in 2008 and renovated in 2019, the single-story building offers a flexible open floor plan ideal for various business types. The property includes 47 parking spaces and benefits from its location between Myrtle and DeSoto Roads. Zoned ILW (Industrial Light Warehouse, including retail), this property presents a unique opportunity in the Manatee County submarket, specifically the Bradenton, Palmetto, Venice cluster. The single-tenant occupancy provides a clean and well-maintained environment. This is an exceptional opportunity for businesses seeking high visibility and a prime location in a thriving area. The APN is 0027120003.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,000 SF
Lot
1.38 ac (60,093 SF)
Zoning code
ILW
APN
0027-12-0003
UPID
US19-0478362
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
-
Guest Chest Murphy Beds Furniture & Home Goods Home Decor Store
-
Royal Palm Construction Services Construction Company General Contractor
-
ICONIC Stone Design Hardware & Home Improvement Interior Design
-
Jamestown Kitchens Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.85M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$3.37M
Owner & transaction history
Rw Properties LLC · 22 yrs held
Rw Properties LLC
since 2003
6 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,165,000
6.5%
$3,845,000
7%
$3,570,000
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±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
$211 / 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
$33,281
Tax year 2023
Assessed value
$2,746,000
Assessed 2023
Previous assessed
$1,950,900
+40.8% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,032,700
Assessed improvement
$1,713,300
Land market value
$1,032,700
Improvement market value
$1,713,300
Total market value
$2,746,000
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
3
Total area
16,000 SF
Lot
1.38 ac (60,093 SF)
Zoning code
ILW
APN
0027-12-0003
UPID
US19-0478362
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FL
Zoning ILW · permitted uses
ILW · 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.
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
Rw Properties LLC
Entity
Mailing address
PO BOX 25544, SARASOTA, FL 34277-2544
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2016
—
James Gerard
—
Deed
related
$250,000
Jul 11, 2016
—
Rw Properties LLC
—
Deed
related
$170,206 · Bank Of Commerce
Oct 16, 2003
$500,000
Rw Properties LLC
Sherr,s
Grant Deed
$425,000 · S Sherr
—
—
Rw Properties LLC
—
Deed Of Trust
related
$1,300,000 · Bank Of Commerce
—
—
Rw Properties LLC
—
Loan Modification
related
$170,206 · Bank Of Commerce
—
—
James Gerard
—
Deed Of Trust
related
$250,000
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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