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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Apartment buildings
6104 Turnbury Park Dr Sarasota, FL 34243-3107
Entity Owned
12-yr Hold
Property ID
US18-8527306
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1998
Construction
WOOD
Total area
6,322 SF
Lot
31.8 ac (1,385,208 SF)
Zoning code
PD-C,PD-R
APN
20511.0005-9
UPID
US18-8527306
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
-
TGM Palm Aire Apartments Apartment Complex Apartment Building
-
Turnbury Park At Palm Aire Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.16M
Owner & transaction history
Tgm Turnbury LLC · 12 yrs held
Tgm Turnbury LLC
since 2014
7 recorded transactions
Zoning & alternative use
PD-C,PD-R · 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
$1,020,000
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,175,000
7%
$1,095,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$183 / 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
$809,156
Tax year 2023
Assessed value
$54,881,103
Assessed 2023
Previous assessed
$54,881,103
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$7,779,421
Assessed improvement
$47,101,682
Land market value
$7,779,421
Improvement market value
$47,101,682
Total market value
$54,881,103
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
17
Stories
1
Units
286
Bathrooms
1
Total area
6,322 SF
Lot
31.8 ac (1,385,208 SF)
Zoning code
PD-C,PD-R
APN
20511.0005-9
UPID
US18-8527306
Jurisdiction
MANATEE
Zoning & alternative use
PD-C,PD-R · Sarasota, FL
Zoning PD-C,PD-R · permitted uses
PD-C,PD-R · 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
1998
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
17
Units
286
Bathrooms
1
Lot
31.8 ac
Current owner
From public records · entity-resolved
Tgm Turnbury LLC
Entity
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2014
$45,150,000
Tgm Turnbury LLC
Fund Ix-turnbury Park LLC
Grant Deed
$34,125,000 · Walker & Dunlop
Sep 17, 2010
$27,650,000
Fund Ix Turnbury Park LLC
Turnbury Park Apartments Ep320 L L
Special Warranty Deed
—
Dec 18, 2008
$23,738,000
Turnbury Park Apartments-ep320
6104 Turnbury Park Drive LLC
Grant Deed
—
Dec 18, 2008
—
Turnbury Park Apartments Ep320 LLC
6104 Turnbury Park Drive LLC
Quit Claim Deed
related
$18,175,000 · Cwcapital LLC
Jan 29, 2008
$1,000
6104 Turnbury Park Drive LLC
Turnbury Park Acquisitions L
Trustees Deed
related
—
Jan 18, 2008
$1,000
6104 Turnbury Park Drive LLC
Turnbury Park Acquisitions L
Trustees Deed
related
—
Dec 5, 2005
$53,768,000
Turnbury Park Acquisitions LLC
Vinings Trace LLC
Grant Deed
$46,560,000 · Fremont Investment & Loan
Apr 27, 1999
$24,850,000
Vinings Trace LLC
Turnbury Park Apartments Ltd
Grant Deed
—
Mar 4, 1997
$250,000
Turnbury Park Apartments Ltd
Berkes Trust
Grant Deed
$14,702,000 · Amsouth Bank Florida
Mar 4, 1997
$1,800,000
Turnbury Park Apartments Ltd
Diocese Of Venice
Trustees Deed
—
—
—
Vinings Trace LLC
—
Deed Of Trust
related
$18,500,000 · Allstate Life Insurance Co
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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