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Property profile & analytics
OFF-MARKET
Estimated value
$7,035,000
Retail residential properties
52 Lemon Ave Sarasota, FL 34236-5765
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5847227
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Total area
7,972 SF
Zoning code
DTC
APN
2027-03-4016
UPID
US18-5847227
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
-
Bank of the West Bank Loan Service
-
BMO Bank N.A Branches Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$7.04M
Owner & transaction history
Perkins Sarasota Investors LLC · 5 yrs held
Perkins Sarasota Investors LLC
since 2021
Last sale
$6.2M
2 recorded transactions
Zoning & alternative use
DTC · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+13.7%
Neighborhood: shopping center
$5.6M
+0.7%
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
$8,880,000
ML approach
$8,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,555,000
Current use
RETAIL STORES
$6,315,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,590,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$5,040,000
Change: -9% · Conversion: Easy
RESTAURANT
$4,945,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$7.04M
Range $6.33M – $7.74M · ±10% · vs last sale $6.15M (Jun 1 2021)
Last sale anchor
$6.15M
Jun 1 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
$882 / 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
$77,405
Tax year 2023
Assessed value
$4,516,600
Assessed 2023
Previous assessed
$4,516,600
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed improvement
$4,516,600
Improvement market value
$4,516,600
Total market value
$4,516,600
Applied tax rate
9,500.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Stories
1
Total area
7,972 SF
Zoning code
DTC
APN
2027-03-4016
UPID
US18-5847227
Jurisdiction
SARASOTA
Zoning & alternative use
DTC · Sarasota, FL
Zoning DTC · permitted uses
DTC · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.6M
RETAIL STORES
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
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
2019
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Perkins Sarasota Investors LLC
Entity
Mailing address
1200 4TH ST #226, KEY WEST, FL 33040-3763
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$6,150,000
Perkins Sarasota Investors LLC
Mark Retail 1 LLC
Special Warranty Deed
$1,800,000 · Whitney Bank
Dec 13, 2019
$2,273,445
Mark Retail 1 LLC
Kt State & Lemon Lllp
Grant Deed
$3,654,967 · Hancock Whitney Bk
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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