Back to Search
Property profile & analytics
FOR SALE
Warehouses
5654 Sarah Ave Sarasota, FL 34233
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5301231
For Sale
1 / 20
$1,700,000
5654 Sarah Ave, Sarasota, FL 34233
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Total area
7,500 SF
Lot
0.54 ac (23,500 SF)
Zoning code
I
APN
0092-12-0017
UPID
US18-5301231
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
-
Wilger Testing Company Factory Production Facility
-
Product Safety Consulting and Testing Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$438k
Blend (final)
Blend
$520k
Owner & transaction history
Gerald M Plank JR · 1 yrs held
Gerald M Plank JR
since 2025
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
I · 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $625k (Oct 31 2024)
Last sale anchor
$625k
Oct 31 2024
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
$69 / 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
$8,496
Tax year 2023
Assessed value
$582,500
Assessed 2023
Previous assessed
$536,400
+8.6% YoY
Effective rate
1.46%
On assessed value
Assessed land
$301,300
Assessed improvement
$281,200
Land market value
$301,300
Improvement market value
$281,200
Total market value
$582,500
Applied tax rate
100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1982
Heating
YES
Cooling
YES
Stories
1
Rooms
9
Bathrooms
4
Total area
7,500 SF
Lot
0.54 ac (23,500 SF)
Zoning code
I
APN
0092-12-0017
UPID
US18-5301231
Jurisdiction
SARASOTA
Zoning & alternative use
I · Sarasota, FL
Zoning I · permitted uses
I · 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
1982
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Gerald M Plank JR
Individual
Mailing address
5654 SARAH AVE, SARASOTA, FL 34233-3444
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$625,000
Gerald M Plank JR
Wilger Liaison Comlpany INC
Special Warranty Deed
—
Jul 2, 2004
$175,000
Wilger Liaison Com Fla INC
Plank,gerard M & June A
Grant Deed
$135,000 · Rbc Centura Bank
Sep 25, 1997
$320,000
Gerard M Plank
Paluck,george & Marge
Grant Deed
$278,000 · Seller
—
—
Wilger Liaison Co INC
—
Deed Of Trust
related
$286,000 · Rbc Centura Bank
—
—
Stanley R Shake
—
Deed Of Trust
related
$28,000 · Homebanc Mortgage Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
