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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Parking lots & garages
5899 Whitfield Ave Sarasota, FL 34243-6152
Trust Owned
27-yr Hold
Free & Clear
Property ID
US18-2653508
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1985
Total area
11,900 SF
Lot
3.5 ac (152,460 SF)
Zoning code
PD-C
APN
20517.7000-2
UPID
US18-2653508
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
-
Smile Centre: Stanley Richard DDS Dental Office
-
The Smile Centre Dental Office
-
A Lash Above Hair Salon Nail Salon
-
Jennette Properties Property Management Company
-
Intraespa Inc Language School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Kalin Trust · 27 yrs held
Kalin Trust
since 1998
6 recorded transactions
Zoning & alternative use
PD-C · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$142 / 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
$85,180
Tax year 2023
Assessed value
$5,370,684
Assessed 2023
Previous assessed
$5,203,460
+3.2% YoY
Effective rate
1.59%
On assessed value
Assessed land
$1,465,910
Assessed improvement
$3,904,774
Land market value
$1,465,910
Improvement market value
$3,904,774
Total market value
$5,370,684
Applied tax rate
119.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1985
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
11,900 SF
Lot
3.5 ac (152,460 SF)
Zoning code
PD-C
APN
20517.7000-2
UPID
US18-2653508
Jurisdiction
MANATEE
Zoning & alternative use
PD-C · Sarasota, FL
Zoning PD-C · permitted uses
PD-C · 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
1985
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Kalin Trust
Trust
Free & Clear · 27 yrs held
Mailing address
555 S OSPREY AVE, SARASOTA, FL 34236-7560
Ownership since
1998
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
Dec 4, 2012
—
Palm Aire Plaza Ptshp Ltd
—
Deed Of Trust
related
$2,761,540 · Northern Trust Co
Nov 17, 1998
$952,100
Kalin Trust
Palm-aire Plaza Group Ltd
Trustees Deed
—
Nov 17, 1998
$4,000,000
Palm Aire Plaza Partnership Lt
Kalin Trust
Trustees Deed
$1,011,465 · Nationsbank NA (south)
Feb 11, 1997
$200,000
Palm Aire Plaza Group Ltd
Kalin Enterprises INC
Grant Deed
—
—
—
Palm Aire Plaza Ptshp
—
Deed Of Trust
related
$3,200,000 · Northern Trust Co
—
—
Palm Aire Plaza Ptshp Ltd
—
Loan Modification
related
$2,392,829 · Wells Fargo Bk
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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