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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Auto shops
5947 Brookhill Blvd Sarasota, FL 34232-6302
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0838399
Property summary
AI-generated overview
This exceptional investment opportunity presents a 7,104 square foot Tire Kingdom, operating under an absolute triple-net (NNN) lease, located at 5947 Brookhill Blvd, Sarasota, FL 34232. The property sits on a 0.705-acre lot and boasts a 10.4-year remaining lease term (expiring 6/30/2035), with three 5-year renewal options at market rates. Built in 2010, this single-tenant building enjoys 100% occupancy and benefits from a corporate guaranty. The property generates a strong NOI of $232,284, representing a 6.00% cap rate. The location is strategically positioned on a high-traffic stretch of Brookhill Blvd, offering excellent visibility and accessibility. This fee-simple ownership includes both land and building, providing a secure and stable investment with significant long-term potential. The property's strong performance, coupled with the long-term lease and favorable location, makes it an attractive investment for discerning buyers seeking a reliable, high-performing asset in a thriving market. The lease commenced July 1, 2020. Rent increases are tied to market adjustments.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,104 SF
Lot
0.7 ac (30,690 SF)
Zoning code
ILW
APN
0047-01-0010
UPID
US18-0838399
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
-
Tire Kingdom (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$3.64M
Owner & transaction history
The Wedding Fund LLC · 1 yrs held
The Wedding Fund LLC
since 2025
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.0M
+59.6%
Commercial (general)
$5.0M
+58.6%
Restaurant
$4.4M
+41.1%
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
$4,045,000
ML approach
$3,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,120,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,985,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,950,000
Change: +59% · Conversion: Moderate
RESTAURANT
$4,405,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$2,920,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$2,825,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$2,805,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±10% · vs last sale $3.63M (Jun 5 2025)
Last sale anchor
$3.63M
Jun 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
$512 / 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
$17,287
Tax year 2023
Assessed value
$1,352,600
Assessed 2023
Previous assessed
$1,149,100
+17.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$506,200
Assessed improvement
$846,400
Land market value
$506,200
Improvement market value
$846,400
Total market value
$1,352,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
7,104 SF
Lot
0.7 ac (30,690 SF)
Zoning code
ILW
APN
0047-01-0010
UPID
US18-0838399
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FL
Zoning ILW · permitted uses
ILW · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
The Wedding Fund LLC
Entity
Mailing address
PO BOX 52427, ATLANTA, GA 30355-0427
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
$3,630,000
The Wedding Fund LLC
Tbm Kingdom LLC
Special Warranty Deed
$2,178,000 · Midflorida Cu
Jan 18, 2011
$2,432,000
Tbm Kingdom LLC
Bts Investors LLC
Grant Deed
$1,400,000 · Farm Bureau Life Ins Michigan
Feb 17, 2010
$775,000
Bts Investors LLC
Lohpm LLC
Warranty Deed
—
Feb 24, 2006
$458,300
Lohpm LLC
Gold Bank
Warranty Deed
—
—
—
Bts Investors LLC
—
Deed Of Trust
related
$1,425,938 · Bank Plus INC
—
—
Lohpm LLC
—
Deed Of Trust
related
$325,000 · Sabal Palm 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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