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Property profile & analytics
OFF-MARKET
Estimated value
$12,860,000
Flex space
7110 21st E St Sarasota, FL 34243-3916
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0045040
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1968
Construction
CONCRETE
Total area
70,578 SF
Lot
9.88 ac (430,373 SF)
Zoning code
HM
APN
19856.0000-4
UPID
US19-0045040
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.81M
CAP Approach
CAP
$9.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.86M
Owner & transaction history
Bfs Real Estate LLC · 3 yrs held
Bfs Real Estate LLC
since 2023
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
HM · 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
$14,860,000
ML approach
$12,810,000
CAP Approach
CAP Return
Estimation
6%
$9,895,000
6.5%
$9,135,000
7%
$8,480,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,660,000
Current use
Blend value · Realmo final
$12.86M
Range $11.57M – $14.15M · ±10% · vs last sale $13.75M (Jun 20 2023)
Last sale anchor
$13.75M
Jun 20 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
$182 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$47,139
Tax year 2022
Assessed value
$2,112,820
Assessed 2023
Previous assessed
$2,112,820
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$928,313
Assessed improvement
$1,184,507
Land market value
$928,313
Improvement market value
$1,184,507
Total market value
$2,112,820
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
70,578 SF
Lot
9.88 ac (430,373 SF)
Zoning code
HM
APN
19856.0000-4
UPID
US19-0045040
Jurisdiction
MANATEE
Zoning & alternative use
HM · Sarasota, FL
Zoning HM · permitted uses
HM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$10.7M
INDUSTRIAL (GENERAL) 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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
9.88 ac
Current owner
From public records · entity-resolved
Bfs Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6031 CONNECTION DR STE #400, IRVING, TX 75039-2605
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
$13,750,000
Bfs Real Estate LLC
Rodney Dessberg
Special Warranty Deed
—
Mar 31, 2023
—
Rodney Dessberg
—
Deed
related
$2,100,000 · Two County Capital Partners LLC
Sep 15, 2016
—
Rodney Dessberg
3303 S Trail LLC
Quit Claim Deed
—
Oct 9, 2015
—
3303 S Trail LLC
Real Estate Parking Co
Grant Deed
—
Jun 19, 2015
$1,350,000
Real Estate Parking Co
Td Bk NA
Grant Deed
—
Jun 5, 2015
—
Td Bk NA
Kimmell Lee H Coc
Trustees Deed
related
—
Jun 5, 2015
$100
Td Bk NA
Deputy Clerk Of Manatee County|pro Line Boats LLC
Trustees Deed
related
—
Oct 30, 2001
$2,950,000
Pro Line Boats INC
American Marine Holdings INC
Grant Deed
$4,000,000 · Florida Bank
—
—
Pro-line Boats LLC
—
Deed Of Trust
related
$36,500,000 · First Capital Corp
—
—
Pro-line Boats LLC
—
Deed Of Trust
related
$4,731,000 · Brunswick Corp
—
—
American Marine Holdings LLC
—
Deed Of Trust
related
$5,800,000 · Brunswick Corp
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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