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Property profile & analytics
OFF-MARKET
Estimated value
$6,825,000
Super regional malls
6507 Tamiami Trl Sarasota, FL 34231-4827
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3166299
Property summary
AI-generated overview
Located in Sarasota, Florida, at the highly visible intersection of S. Tamiami Trail and Stickney Point Road – one of only two access points to Siesta Key, consistently ranked among the nation's top beaches. This prime retail location boasts a total of 346,829 square feet within a 34.79-acre lot. The Sarasota Pavilion offers multiple spaces for lease, ranging from a minimum of 1,095 square feet to a maximum contiguous space of 38,165 square feet. Currently, four spaces are available, with sizes ranging from 1,484 to 5,000 square feet. The center benefits from excellent accessibility with multiple points of ingress and egress, ensuring convenient access for customers and employees. This established retail center is anchored by a strong lineup of national retailers including Publix, Old Navy, Ross, World Market, Nordstrom Rack, PetSmart, and Michaels, creating a vibrant and high-traffic shopping environment. The property's strategic location and impressive tenant mix provide an exceptional opportunity for businesses seeking high visibility and strong foot traffic in a thriving Sarasota community. The address is 6507 S Tamiami Trail, Sarasota, FL 34231.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,424 SF
Lot
34.74 ac (1,513,253 SF)
Zoning code
CG
APN
0104-02-0018
UPID
US18-3166299
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
-
Sarasota Pavilion Shopping Center & Mall
-
Hooters Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.83M
Owner & transaction history
Sephora USA INC · 2 yrs held
Sephora USA INC
since 2024
4 recorded transactions
Zoning & alternative use
CG · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,265,000
6.5%
$8,550,000
7%
$7,940,000
Blend value · Realmo final
$6.83M
Range $6.14M – $7.51M · ±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
$217 / 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
$513,162
Tax year 2023
Assessed value
$35,428,400
Assessed 2023
Previous assessed
$35,428,400
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$29,031,800
Assessed improvement
$6,396,600
Land market value
$29,031,800
Improvement market value
$6,396,600
Total market value
$35,428,400
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
8
Stories
1
Rooms
65
Bathrooms
35
Total area
31,424 SF
Lot
34.74 ac (1,513,253 SF)
Zoning code
CG
APN
0104-02-0018
UPID
US18-3166299
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FL
Zoning CG · permitted uses
CG · 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Rooms
65
Bathrooms
35
Lot
34.74 ac
Current owner
From public records · entity-resolved
Sephora USA INC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
—
Sephora USA INC
Ia Sarasota Tamiami LLC
Lease
—
Mar 10, 2010
$44,667,389
Ia Sarasota Tamiami LLC
Ddrtc Sarasota Pavilion LLC
Grant Deed
—
Mar 6, 2007
—
Ddrtc Sarasota Pavilion LLC
Inland Southeast Sarasota LLC
Quit Claim Deed
related
$40,425,230 · Bank Of America NA
Oct 3, 1997
$10,750,000
Fourth Quarter Properties Xvi
Tcw Realty Fund Va Holding Co
Grant Deed
$10,250,000 · Southtrust Bank NA
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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