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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Manufacturing properties
5960 Deacon Rd Sarasota, FL 34238-2778
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4435553
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1961
Total area
3,358 SF
Lot
2.87 ac (124,855 SF)
Zoning code
I
APN
0097-05-0015
UPID
US18-4435553
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$800k
Owner & transaction history
Argos Ready Mix LLC · 12 yrs held
Argos Ready Mix LLC
since 2014
3 recorded transactions
Zoning & alternative use
I · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the I district is to permit heavy industrial uses which have the potential of producing extensive adverse impacts on surrounding land uses or resources and to facilitate the proper development and use Such uses include those that produce noise, odors or increased hazards of fire, or are generally incompatible with lower-intensity la…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
34.57 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.3M
+79.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$735,000
Current use
RETAIL STORES
$1,325,000
Change: +80% · Conversion: Moderate
WAREHOUSE, STORAGE
$690,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$238 / 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
$13,736
Tax year 2023
Assessed value
$1,207,000
Assessed 2023
Previous assessed
$1,120,600
+7.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,180,400
Assessed improvement
$26,600
Land market value
$1,180,400
Improvement market value
$26,600
Total market value
$1,207,000
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
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1961
Heating
NONE
Rooms
2
Bathrooms
2
Total area
3,358 SF
Lot
2.87 ac (124,855 SF)
Zoning code
I
APN
0097-05-0015
UPID
US18-4435553
Jurisdiction
SARASOTA
Zoning & alternative use
I · Sarasota, FLZoning I · permitted uses
I · 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 I district is to permit heavy industrial uses which have the potential of producing extensive adverse impacts on surrounding land uses or resources and to facilitate the proper development and use Such uses include those that produce noise, odors or increased hazards of fire, or are generally incompatible with lower-intensity land uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
34.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$735,000
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$690,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1961
Heating
NONE
Rooms
2
Bathrooms
2
Lot
2.87 ac
Current owner
From public records · entity-resolved
Argos Ready Mix LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3015 WINDWARD PLZ STE #300, ALPHARETTA, GA 30005-8713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2014
$1,216,100
Argos Ready Mix LLC
Florida Rock Industries INC
Grant Deed
—
Sep 13, 2004
$790,000
Florida Rock Industries INC
Brannen Prestress
Warranty Deed
—
Nov 29, 2001
$1,380,000
Florida Rock Concrete INC
Brannen Prestress Co
Grant Deed
—
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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