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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Outlet malls
7100 Fruitville Rd Sarasota, FL 34240-9728
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-8131589
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,428 SF
Lot
0.84 ac (36,503 SF)
Zoning code
ILW
APN
0217-11-0019
UPID
US18-8131589
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.50M
Owner & transaction history
Zela Properties LLC · 3 yrs held
Zela Properties LLC
since 2023
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+11.3%
Medical building
$3.0M
+0.7%
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
$2,755,000
ML approach
$2,995,000
CAP Approach
CAP Return
Estimation
6%
$1,935,000
6.5%
$1,785,000
7%
$1,660,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,935,000
Current use
AUTO REPAIR, GARAGE
$3,265,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$2,955,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$2,395,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.55M (May 8 2023)
Last sale anchor
$2.55M
May 8 2023
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
$336 / 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
$22,521
Tax year 2023
Assessed value
$1,856,700
Assessed 2023
Previous assessed
$1,450,800
+28.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$607,000
Assessed improvement
$1,249,700
Land market value
$607,000
Improvement market value
$1,249,700
Total market value
$1,856,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
7,428 SF
Lot
0.84 ac (36,503 SF)
Zoning code
ILW
APN
0217-11-0019
UPID
US18-8131589
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
RETAIL STORES Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Zela Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4950 HAYWOOD RUFFIN RD, SAINT CLOUD, FL 34771-8204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$2,550,000
Zela Properties LLC
Palmetto Sarasota Fruitville Rd LLC
Special Warranty Deed
—
Jun 15, 2018
$595,000
Palmetto Sarasota Fruitville Rd LLC
Fruitville PC LLC
Warranty Deed
$1,710,000 · Ameris Bank
—
—
Palmetto Sarasota Fruitville R
—
Loan Modification
related
$1,592,343 · Ameris Bk
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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