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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Golf courses & driving ranges
421 Tatum N Rd Sarasota, FL 34240-8945
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4498813
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1988
Total area
4,999 SF
Lot
206.48 ac (8,994,430 SF)
Zoning code
RE1
APN
0209-03-0001
UPID
US18-4498813
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
-
Tatum Ridge Golf Links Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.32M
Owner & transaction history
New Pope Holdco III LLC · 5 yrs held
New Pope Holdco III LLC
since 2020
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
RE1 · Sarasota, FL
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$663 / 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
$37,318
Tax year 2023
Assessed value
$2,460,200
Assessed 2023
Previous assessed
$2,406,100
+2.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$660,200
Land market value
$1,800,000
Improvement market value
$660,200
Total market value
$2,460,200
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
11
Bathrooms
10
Total area
4,999 SF
Lot
206.48 ac (8,994,430 SF)
Zoning code
RE1
APN
0209-03-0001
UPID
US18-4498813
Jurisdiction
SARASOTA
Zoning & alternative use
RE1 · Sarasota, FLZoning RE1 · permitted uses
RE1 · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
11
Bathrooms
10
Lot
206.48 ac
Current owner
From public records · entity-resolved
New Pope Holdco III LLC
Entity
Mailing address
PO BOX 7000, ELLENTON, FL 34222
Ownership since
2020
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
Dec 23, 2020
$2,944,000
New Pope Holdco III LLC
Tatum Ridge Golf Links INC
Grant Deed
$1,000,000 · Tatum Ridge Golf Links INC
Dec 11, 1998
$1,100,000
Centex Homes
Tatum Ridge Golf Links INC
Grant 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.
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