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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Automotive properties
5611 Tamiami Trl Sarasota, FL 34231-4140
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4245667
Property summary
AI-generated overview
This exceptional 1,077 sq ft retail property, located at 5611 S Tamiami Trail, Sarasota, FL 34231, is situated on a highly visible 0.89-acre corner lot with 239 feet of frontage on S Tamiami Trail and 129 feet on Constitution Boulevard. The property features three buildings on one story, built in 1960 and renovated in 2024, boasting 100% occupancy. Zoned CI (Commercial Intensive), it offers ample parking and significant expansion potential. Its strategic location near Sarasota Memorial Hospital and major retail centers, just a mile from the Gateway to Siesta Key, makes it ideal for a variety of uses, including QSR, restaurant, storefront, or car/boat sales. The asking price is $1,900,000 ($1,764.16/sq ft). Three separate ingress and egress points provide convenient access. This property presents a compelling investment opportunity in Sarasota's thriving market. The APN is 0086130013.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,077 SF
Lot
0.89 ac (38,616 SF)
Zoning code
CI
APN
0086-13-0013
UPID
US18-4245667
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
-
MV1 of Sarasota Car Rental Facility
-
New BraunAbility Wheelchair Vans for Sale Production Facility
-
United Access (formerly Ability Center) Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Srq2020 LLC · 6 yrs held
Srq2020 LLC
since 2020
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
CI · 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
$2,045,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $1.84M (Feb 5 2025)
Last sale anchor
$1.84M
Feb 5 2025
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
$1,778 / 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
$18,067
Tax year 2023
Assessed value
$1,424,800
Assessed 2023
Previous assessed
$1,288,100
+10.6% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,197,100
Assessed improvement
$227,700
Land market value
$1,197,100
Improvement market value
$227,700
Total market value
$1,424,800
Applied tax rate
4,800.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
1,077 SF
Lot
0.89 ac (38,616 SF)
Zoning code
CI
APN
0086-13-0013
UPID
US18-4245667
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Srq2020 LLC
Entity
Mailing address
118 12TH AVE E, PALMETTO, FL 34221-4265
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2020
—
Srq2020 LLC
Off Lease Cars Only LLC
Warranty Deed
—
Oct 23, 2019
$675,000
Florida First Cap Fin Corp
Lease Cars Only LLC
Grant Deed
related
$816,700 · Centerstate Bk NA
Aug 27, 2019
$1,600,000
Off Lease Cars Only LLC
Campbell Motores INC
Warranty Deed
$653,360 · Centerstate Bank Of Florida NA
—
—
Campbell Motors INC
—
Deed Of Trust
related
$200,000 · Regions Bank
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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