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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
6886 15th E St Sarasota, FL 34243-3209
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-3676645
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Total area
2,640 SF
Lot
0.52 ac (22,600 SF)
Zoning code
NC-S
APN
66203.1000-0
UPID
US18-3676645
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
-
7-Eleven Grocery & Convenience Store
-
Cardtronics Atm
-
Citibank ATM Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
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
Cherry,ernest M JR Trust · 6 yrs held
Cherry,ernest M JR Trust
since 2019
5 recorded transactions
Zoning & alternative use
NC-S · 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
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
$6,768
Tax year 2023
Assessed value
$417,269
Assessed 2023
Previous assessed
$331,639
+25.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$155,720
Assessed improvement
$261,549
Land market value
$155,720
Improvement market value
$261,549
Total market value
$417,269
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
2,640 SF
Lot
0.52 ac (22,600 SF)
Zoning code
NC-S
APN
66203.1000-0
UPID
US18-3676645
Jurisdiction
MANATEE
Zoning & alternative use
NC-S · Sarasota, FL
Zoning 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
Sarasota. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Cherry,ernest M JR Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 181, HAMPTON FALLS, NH 03844-0181
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
$2,280,000
Cherry,ernest M JR Trust
Mng Cap 1 Sweat LLC
Warranty Deed
—
Oct 28, 2016
—
Mng Cap 1 Sweat LLC
Midtown National Group LP
Grant Deed
—
Dec 27, 2013
$512,200
Victoria Land Partners LP
Mng Bayview LLC
Grant Deed
—
Aug 1, 2013
$991,400
Mng Bayview LLC
Japage Ptshp
Grant Deed
—
Sep 11, 2001
$380,000
Pacific Florida Trust
Us Trust Co NA Trustee
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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