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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
5221 Ocean Blvd Sarasota, FL 34242-3316
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3198650
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,381 SF
Lot
0.15 ac (6,385 SF)
Zoning code
SKOD; CG
APN
0080-17-0034
UPID
US18-3198650
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
-
Sea Pleasures & Treasures (Bike/Boat/Book/etc) Store
-
Siesta Key Watersports Retail and Booking Center (Bike/Boat/Book/etc) Store
-
Colleen Finnegan, RE/MAX ALLIANCE GROUP Real Estate Agency
-
Ginger Sutton Real Estate Agency
-
Larry Brzostek, CRS, CLHMS Broker Associate RE/MAX Alliance Group, Sarasota, FL Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$330k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$525k
Owner & transaction history
Tidal Yoga LLC · 1 yrs held
Tidal Yoga LLC
since 2025
6 recorded transactions
Zoning & alternative use
SKOD; CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$605,000
+11.3%
Office building
$565,000
+4.0%
Medical building
$550,000
+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
by Request
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$360,000
6.5%
$330,000
7%
$310,000
Alternative Use
Use
Estimation
RETAIL STORES
$545,000
Current use
AUTO REPAIR, GARAGE
$605,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$550,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$380 / 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
$12,826
Tax year 2023
Assessed value
$891,400
Assessed 2023
Previous assessed
$740,000
+20.5% YoY
Effective rate
1.44%
On assessed value
Assessed land
$640,800
Assessed improvement
$250,600
Land market value
$640,800
Improvement market value
$250,600
Total market value
$891,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
2
Bathrooms
2
Total area
1,381 SF
Lot
0.15 ac (6,385 SF)
Zoning code
SKOD; CG
APN
0080-17-0034
UPID
US18-3198650
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
RETAIL STORES Current
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING
Est. value
$550,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Tidal Yoga LLC
Entity
Free & Clear · 1 yrs held
Mailing address
570 DELAWARE AVE, BUFFALO, NY 14202-1206
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Tidal Yoga LLC
5221 Ocean Blvd LLC
Deed
—
Mar 17, 2025
—
Wash & Cloth INC
5221 Ocean Blvd LLC
Deed
—
Feb 10, 2011
$300,000
5221 Ocean Blvd LLC
Hafam Fl 5221 LLC
Grant Deed
—
Feb 10, 2011
—
5221 Ocean Blvd LLC
Hafam Fl 5221 LLC
Quit Claim Deed
related
—
Jul 15, 2008
—
Hafam Fl 5221 LLC
Hanna Rentals LLC
Warranty Deed
—
Jul 11, 2007
—
Hanna Rentals LLC
Hanna Jane K Living Trust
Quit Claim Deed
—
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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