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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Parking lots & garages
5160 Calle Minorga Sarasota, FL 34242-1566
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1104813
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1940
Total area
2,008 SF
Lot
0.24 ac (10,500 SF)
Zoning code
SKOD; OPI
APN
0080-16-0009
UPID
US18-1104813
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Read Street Warehousing LLC · 4 yrs held
Read Street Warehousing LLC
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
SKOD; OPI · 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
$2,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.50M (Sep 27 2021)
Last sale anchor
$1.50M
Sep 27 2021
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
$779 / 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
$12,704
Tax year 2023
Assessed value
$864,300
Assessed 2023
Previous assessed
$757,400
+14.1% YoY
Effective rate
1.47%
On assessed value
Assessed land
$846,500
Assessed improvement
$17,800
Land market value
$846,500
Improvement market value
$17,800
Total market value
$864,300
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1940
Heating
NONE
Rooms
2
Bathrooms
4
Total area
2,008 SF
Lot
0.24 ac (10,500 SF)
Zoning code
SKOD; OPI
APN
0080-16-0009
UPID
US18-1104813
Jurisdiction
SARASOTA
Zoning & alternative use
SKOD; OPI · Sarasota, FL
Zoning SKOD; OPI · permitted uses
SKOD; OPI · 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
1940
Heating
NONE
Rooms
2
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Read Street Warehousing LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8 WESTERN AVE, KENNEBUNK, ME 04043-7756
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
$1,500,000
Read Street Warehousing LLC
5160 Calle Minorga LLC
Special Warranty Deed
—
Sep 1, 2011
$450,000
5160 Calle Minorga LLC
Lambco Corp INC
Warranty Deed
—
Dec 28, 2004
—
Lambco Corp INC
Real Estate Parking
Grant Deed
related
—
Dec 10, 2004
$740,000
Real Estate Parking Co
Snodell,marilyn A
Warranty Deed
—
Feb 6, 2001
$625,000
Marilyn A Snodell
Gulfcoast Healthstyle Corp
Grant Deed
$500,000 · Southtrust Mortgage Corp
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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