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Property profile & analytics
OFF-MARKET
Drive through restaurants
6224 Lockwood Rdg Rd Sarasota, FL 34243-2529
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0837631
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,228 SF
Lot
0.82 ac (35,632 SF)
Zoning code
CG
APN
0020-02-0005
UPID
US18-0837631
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
-
Freddy's Frozen Custard & Steakburgers Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ipx 6224 N Lockwood Ridge Rd L · 6 yrs held
Ipx 6224 N Lockwood Ridge Rd L
since 2020
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CG district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial General
General category
COMMERCIAL
Zone area
54.76 ac
Source
Realmo
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
—
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
$17,059
Tax year 2023
Assessed value
$1,355,200
Assessed 2023
Previous assessed
$1,355,200
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$647,400
Assessed improvement
$707,800
Land market value
$647,400
Improvement market value
$707,800
Total market value
$1,355,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
3,228 SF
Lot
0.82 ac (35,632 SF)
Zoning code
CG
APN
0020-02-0005
UPID
US18-0837631
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FLZoning CG · permitted uses
CG · 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 CG district is to permit medium scale commercial facilities and to facilitate their proper development and use
Zone name
Commercial General
General category
COMMERCIAL
Zone area
54.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Ipx 6224 N Lockwood Ridge Rd L
Individual
Mailing address
9109 WATSON RD, SAINT LOUIS, MO 63126-2245
Ownership since
2020
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
Jan 8, 2020
$1,400,000
Ipx 6224 N Lockwood Ridge Rd L
Shelton Ents INC
Correction Deed
related
—
Nov 4, 2019
$1,100,000
Ipx 6224 N Lockwood Ridge Rd LLC
Shelton Enterprises INC
Special Warranty Deed
$225,000 · Great Southern Bank
Oct 27, 2014
$1,000,000
Shelton Enterprises INC
Jrn INC
Special Warranty Deed
$821,512 · Intrust Bank NA
Aug 27, 2007
$905,000
Jrn INC
Cjh Hospitality Sarasota INC
Warranty Deed
—
Dec 30, 2002
—
Cjh Hospitality Sarasota INC
Ferber & Sons INC
Grant Deed
related
—
—
—
Jrn INC
—
Deed Of Trust
related
$33,500,000 · Bmo Harris 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.
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