Back to Search
Property profile & analytics
OFF-MARKET
Drive through restaurants
6850 15th E St Sarasota, FL 34243-3209
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2593280
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Total area
1,120 SF
Lot
0.7 ac (30,600 SF)
Zoning code
NC-S
APN
66203.0000-1
UPID
US18-2593280
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
-
GOGO SUBS Restaurant
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
Walter R Tracy II · 13 yrs held
Walter R Tracy II
since 2012
6 recorded transactions
Zoning & alternative use
NC-S · Sarasota, FL
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
$3,948
Tax year 2023
Assessed value
$259,417
Assessed 2023
Previous assessed
$184,760
+40.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$189,040
Assessed improvement
$70,377
Land market value
$189,040
Improvement market value
$70,377
Total market value
$259,417
Applied tax rate
303.0000
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
1979
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
1,120 SF
Lot
0.7 ac (30,600 SF)
Zoning code
NC-S
APN
66203.0000-1
UPID
US18-2593280
Jurisdiction
MANATEE
Zoning & alternative use
NC-S · Sarasota, FLZoning NC-S · permitted uses
NC-S · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Walter R Tracy II
Individual
Mailing address
3724 72ND AVE E, SARASOTA, FL 34243-5149
Ownership since
2012
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
Oct 2, 2012
$185,000
Walter R Tracy II
Dreams Three LLC
Warranty Deed
$135,000 · Dreams Three LLC
Apr 2, 2012
$95,000
Dreams Three LLC
Branch Bkng & Trust Co
Grant Deed
—
Oct 11, 2011
$100
Branch Bkng & Trust Co
Dalton Realty LLC Coc
Trustees Deed
related
—
Feb 9, 2005
$355,000
Dalton Realty LLC
Dolen,gloria
Warranty Deed
$284,000 · Branch Banking & Trust Co
Feb 1, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Dalton Realty LLC
—
Deed Of Trust
related
$50,000 · Branch Banking & Trust 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.
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 6850 15th E St?
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.
