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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Warehouses
6551 Palmer Park Cir Sarasota, FL 34238-7727
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-3305706
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
20,400 SF
Lot
1.59 ac (69,372 SF)
Zoning code
ILW
APN
0098-04-0007
UPID
US18-3305706
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
-
R F Carlson Co Logistics Company Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.97M
Owner & transaction history
Whetsel Enterprises LLC · 20 yrs held
Whetsel Enterprises LLC
since 2006
7 recorded transactions
Zoning & alternative use
ILW · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,185,000
Current use
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±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
$145 / 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
$31,942
Tax year 2023
Assessed value
$2,178,800
Assessed 2023
Previous assessed
$2,112,700
+3.1% YoY
Effective rate
1.47%
On assessed value
Assessed land
$706,000
Assessed improvement
$1,472,800
Land market value
$706,000
Improvement market value
$1,472,800
Total market value
$2,178,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Stories
1
Bathrooms
6
Total area
20,400 SF
Lot
1.59 ac (69,372 SF)
Zoning code
ILW
APN
0098-04-0007
UPID
US18-3305706
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FL
Zoning ILW · permitted uses
ILW · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.2M
WAREHOUSE, STORAGE Current
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
1997
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.59 ac
Current owner
From public records · entity-resolved
Whetsel Enterprises LLC
Entity
Mailing address
6551 PALMER PARK CIR, SARASOTA, FL 34238-7727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Whetsel Enterprises LLC
—
Deed
related
$960,000 · Regions Bank
Dec 26, 2023
—
Whetsel Enterprises LLC
—
Deed
related
$550,000 · Regions Bank
Oct 6, 2023
—
Whetsel Enterprises LLC
—
Deed
related
$350,000 · Englewood Bank & Trust
Sep 13, 2023
—
Whetsel Enterprises LLC
—
Deed
related
$368,500 · Englewood Bank & Trust
Aug 6, 2018
—
Whetsel Ents LLC
—
Deed
related
$200,000 · Englewood Bk & Tr
Jan 27, 2017
—
Whetsel Ents LLC
—
Deed
related
$1,055,000 · Englewood Bk & Tr
Jan 3, 2006
$680,100
Whetsel Enterprises LLC
R F Carlson Co
Quit Claim Deed
related
$1,400,000 · Wachovia Bank NA
Oct 13, 1999
—
R F Carlson Co
—
Grant Deed
related
$220,000 · Southtrust Bank NA
—
—
Whetsel Ents LLC
—
Deed Of Trust
related
$1,055,000 · Englewood Bk & Tr
—
—
Whetsel Ents LLC
—
Deed Of Trust
related
$200,000 · Englewood Bk & Tr
—
—
R F Carlson Co
—
Deed Of Trust
related
$200,000 · Southtrust Bank NA
—
—
Whetsel Ents LLC
—
Deed Of Trust
related
$1,020,000 · Regions 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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