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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Bars & Pubs
5151 Ocean Blvd, Sarasota, FL 34242-1674
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-5355445
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,248 SF
Lot
0.26 ac (11,541 SF)
Zoning code
SKOD; CG
APN
0080-17-0019
UPID
US18-5355445
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
-
Siesta Key Charters Tour Operator Travel Agency
-
The Beach Club Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
5151 Beach Club Of Sarasota LLC · 19 yrs held
5151 Beach Club Of Sarasota LLC
since 2006
4 recorded transactions
Zoning & alternative use
SKOD; CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+31.0%
Retail stores
$1.4M
+21.7%
Commercial (general)
$1.4M
+19.0%
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
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$1,180,000
Current use
MEDICAL BUILDING
$1,550,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,440,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,405,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: +9% · Conversion: Difficult
RESTAURANT
$1,110,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,055,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$206 / 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
$28,003
Tax year 2023
Assessed value
$2,033,700
Assessed 2023
Previous assessed
$1,526,700
+33.2% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,089,100
Assessed improvement
$944,600
Land market value
$1,089,100
Improvement market value
$944,600
Total market value
$2,033,700
Applied tax rate
1,894.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
3
Total area
5,248 SF
Lot
0.26 ac (11,541 SF)
Zoning code
SKOD; CG
APN
0080-17-0019
UPID
US18-5355445
Jurisdiction
SARASOTA
Zoning & alternative use
SKOD; CG · Sarasota, FL
Zoning SKOD; CG · permitted uses
SKOD; CG · 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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NIGHTCLUB (COCKTAIL LOUNGE) Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
5151 Beach Club Of Sarasota LLC
Entity
Mailing address
313 LOOKOUT PT DR, OSPREY, FL 34229-9798
Ownership since
2006
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
Aug 9, 2006
$3,725,000
5151 Beach Club Of Sarasota LLC
The Beach Club Of Siesta Key LLC
Warranty Deed
—
Oct 3, 2005
$3,390,000
Beach Club Of Siesta Key LLC
Ocean Blvd Ents INC
Warranty Deed
$3,200,000 · Witzer Stephen A (te)
Jul 21, 1998
$775,000
Ocean Blvd Enterprises INC
Foley,jay D
Grant Deed
$697,500 · Seller
—
—
Ocean Blvd Ents INC
—
Deed Of Trust
related
$800,000 · Fifth Third 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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