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Property profile & analytics
FOR LEASE
Manufacturing properties
5715 Pinkney Ave Sarasota, FL 34233
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0859312
For Lease
1 / 2
$1,435,000
5715 Pinkney Ave, Sarasota, FL 34233
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Total area
5,496 SF
Lot
0.77 ac (33,538 SF)
Zoning code
ILW
APN
0090-16-0021
UPID
US18-0859312
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
-
Armor Cycles Inc. Motorcycle Shop
-
Gilmore Cabinets General Contractor Renovation Specialist
-
Florida Elevator General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.44M
Owner & transaction history
Jayco Srq LLC · 5 yrs held
Jayco Srq LLC
since 2020
Last sale
$890,000
6 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.2M
+79.9%
Office building
$1.6M
+35.7%
Medical building
$1.6M
+35.1%
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
$1,465,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,205,000
Current use
RETAIL STORES
$2,170,000
Change: +80% · Conversion: Moderate
OFFICE BUILDING
$1,635,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$1,630,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $890k (Nov 3 2020)
Last sale anchor
$890k
Nov 3 2020
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
$261 / 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
$12,088
Tax year 2023
Assessed value
$810,200
Assessed 2023
Previous assessed
$754,900
+7.3% YoY
Effective rate
1.49%
On assessed value
Assessed land
$399,100
Assessed improvement
$411,100
Land market value
$399,100
Improvement market value
$411,100
Total market value
$810,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1972
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
5
Bathrooms
4
Total area
5,496 SF
Lot
0.77 ac (33,538 SF)
Zoning code
ILW
APN
0090-16-0021
UPID
US18-0859312
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FLZoning ILW · permitted uses
ILW · 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 ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1972
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
Jayco Srq LLC
Entity
Mailing address
4230 DEREK WAY, SARASOTA, FL 34233-2414
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2020
$890,000
Jayco Srq LLC
Trent R Lewis
Warranty Deed
$712,000 · Bmo Harris Bank NA
Dec 14, 2011
—
Diane M Schoenauer
Lewis Kurt F
Quit Claim Deed
related
—
Jan 21, 2000
$425,000
Rsj Investments
Hollingsworth,fred
Grant Deed
$361,250 · Seller
—
—
Diane M Schoenauer
—
Deed Of Trust
related
$290,000 · Rains Family Trust (pt)
—
—
Diane M Schoenauer
—
Deed Of Trust
related
—
—
—
Kurt F Lewis
—
Deed Of Trust
related
$360,000 · First State 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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