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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Community centers
5211 Ocean Blvd, Sarasota, FL 34242-3310
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US19-0589619
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,214 SF
Lot
0.38 ac (16,485 SF)
Zoning code
CG; SKOD
APN
0080-17-0033
UPID
US19-0589619
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 Farmers Market Specialty Food Shop Farmer's Market
-
Beach Bazaar Swimwear Store
-
LimeCotton Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$815k
Owner & transaction history
Beach Bazaar Of Sarasota INC · 21 yrs held
Beach Bazaar Of Sarasota INC
since 2005
5 recorded transactions
Zoning & alternative use
CG; SKOD · 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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$193 / 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
$29,651
Tax year 2023
Assessed value
$1,917,100
Assessed 2023
Previous assessed
$1,735,900
+10.4% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,461,000
Assessed improvement
$456,100
Land market value
$1,461,000
Improvement market value
$456,100
Total market value
$1,917,100
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
8
Bathrooms
4
Total area
4,214 SF
Lot
0.38 ac (16,485 SF)
Zoning code
CG; SKOD
APN
0080-17-0033
UPID
US19-0589619
Jurisdiction
SARASOTA
Zoning & alternative use
CG; SKOD · Sarasota, FL
Zoning CG; SKOD · permitted uses
CG; SKOD · 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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
4
Lot
0.38 ac
Current owner
From public records · entity-resolved
Beach Bazaar Of Sarasota INC
Entity
Mailing address
5211 OCEAN BLVD, SARASOTA, FL 34242-3310
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
May 24, 2005
$358,100
Beach Bazaar Of Sarasota INC
Long Bight Ents Lc
Warranty Deed
$900,000 · Colonial Bk
Jan 29, 2003
$558,200
Beach Bazaar Sarasota INC
Balas,michael J & Susan E
Grant Deed
—
—
—
Beach Bazaar Of Sarasota INC
—
Deed Of Trust
related
$788,039 · Suntrust Bank NA
—
—
Beach Bazaar Of Sarasota INC
—
Loan Modification
related
$591,054 · Suntrust Bk
—
—
Beach Bazaar Of Sarasota INC
—
Loan Modification
related
$402,694 · Truist 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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