Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail space
622 Central Ave Sarasota, FL 34236-4017
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-8942066
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,136 SF
Lot
0.18 ac (7,925 SF)
Zoning code
DTE
APN
2026-06-0041
UPID
US18-8942066
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
-
Eco Mattress Store Furniture & Home Goods
-
The Sarasota Collection Home Store Furniture & Home Goods Home Decor Store
-
Kozi Mattress Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$635k
Owner & transaction history
Sarasota Collection Hm Store L · 20 yrs held
Sarasota Collection Hm Store L
since 2005
6 recorded transactions
Zoning & alternative use
DTE · 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
$440,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$202 / 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
$13,451
Tax year 2023
Assessed value
$814,300
Assessed 2023
Previous assessed
$725,700
+12.2% YoY
Effective rate
1.65%
On assessed value
Assessed land
$271,300
Assessed improvement
$543,000
Land market value
$271,300
Improvement market value
$543,000
Total market value
$814,300
Applied tax rate
200.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
6
Bathrooms
4
Total area
3,136 SF
Lot
0.18 ac (7,925 SF)
Zoning code
DTE
APN
2026-06-0041
UPID
US18-8942066
Jurisdiction
SARASOTA
Zoning & alternative use
DTE · Sarasota, FL
Zoning DTE · permitted uses
DTE · 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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Sarasota Collection Hm Store L
Individual
Mailing address
622 CENTRAL AVE, SARASOTA, FL 34236-4017
Ownership since
2005
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
Aug 9, 2021
—
The Sarasota Collection Home Store
—
Deed
related
$570,000 · Bankunited NA
Jun 6, 2016
—
Sarasota Collection Hms Store
—
Deed
related
—
Aug 22, 2005
$613,000
Sarasota Collection Hm Store L
Bt Partners LLC
Grant Deed
$630,000 · Landmark Bk/fl
Sep 2, 2003
$370,000
Bt Partners LLC
Augustine,melton L
Grant Deed
$320,000 · Bank Of Commerce
Jul 21, 1999
$135,000
Melton Augustine
Kluver Trust
Grant Deed
—
—
—
Sarasota Collection Hms Store
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 622 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
