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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Amusement parks
5500 Tamiami Trl Sarasota, FL 34243-2142
Individually Owned
18-yr Hold
Free & Clear
Property ID
US18-5134255
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,878 SF
Lot
3.8 ac (165,459 SF)
Zoning code
NT
APN
0001-14-0001
UPID
US18-5134255
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
-
Phillippi Estate Park Park
-
Phillippi Mansion Hotel & Motel Resort
-
Sarasota Fine Art Show by Hot Works Art Gallery
-
Phillippi Farmhouse Market Specialty Food Shop Farmer's Market
-
Sarasota Classic Car Museum Museum Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.42M
Owner & transaction history
Board Of Tes/internal Improvement · 18 yrs held
Board Of Tes/internal Improvement
since 2007
1 recorded transaction
Zoning & alternative use
NT · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the NT district is to permit a mix of neighborhood scale commercial; cultural and educational facilities; tourist accommodations and attractions; multifamily residential and mixed uses and to facilitate their proper development and use
Zone name
North Trail
General category
MIXED_USE
Zone area
149.76 ac
Source
Realmo
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
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$36 / 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
Assessed value
$2,968,900
Assessed 2023
Previous assessed
$2,943,800
+0.9% YoY
Assessed land
$1,713,300
Assessed improvement
$1,255,600
Land market value
$1,713,300
Improvement market value
$1,255,600
Total market value
$2,968,900
Applied tax rate
200.0000
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
8
Bathrooms
4
Total area
39,878 SF
Lot
3.8 ac (165,459 SF)
Zoning code
NT
APN
0001-14-0001
UPID
US18-5134255
Jurisdiction
SARASOTA
Zoning & alternative use
NT · Sarasota, FLZoning NT · permitted uses
NT · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the NT district is to permit a mix of neighborhood scale commercial; cultural and educational facilities; tourist accommodations and attractions; multifamily residential and mixed uses and to facilitate their proper development and use
Zone name
North Trail
General category
MIXED_USE
Zone area
149.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
8
Bathrooms
4
Lot
3.8 ac
Current owner
From public records · entity-resolved
Board Of Tes/internal Improvement
Individual
Free & Clear · 18 yrs held
Mailing address
3900 COMMONWEALTH BLVD, TALLAHASSEE, FL 32399-6575
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2007
—
Board Of Tes/internal Improvement
Sarasota Manatee Arpt Authorit
Grant 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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