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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Turn key restaurants
7275 Tamiami Trl Sarasota, FL 34231-5555
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-5664022
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,372 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CG
APN
0111-12-0042
UPID
US18-5664022
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
-
Mattison's Catering Company Take-out & Catering Catering Service
-
Mattison’s Forty-One 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
$1.40M
Owner & transaction history
Mattisons 41 LLC · 18 yrs held
Mattisons 41 LLC
since 2007
7 recorded transactions
Zoning & alternative use
CG · 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
$149 / 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
$41,771
Tax year 2023
Assessed value
$3,268,600
Assessed 2023
Previous assessed
$2,905,400
+12.5% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,563,600
Assessed improvement
$1,705,000
Land market value
$1,563,600
Improvement market value
$1,705,000
Total market value
$3,268,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
11
Bathrooms
2
Total area
9,372 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CG
APN
0111-12-0042
UPID
US18-5664022
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FL
Zoning CG · permitted uses
CG · 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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
Mattisons 41 LLC
Entity
Mailing address
7275 S TAMIAMI TRL, SARASOTA, FL 34231-5555
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2007
$3,500,000
Mattisons 41 LLC
Patapis Invs Of Sarasota
Warranty Deed
$1,789,000 · First Priority Bank
Apr 22, 2005
$1,839,700
Patapis Investments Of Sarasota L
Patapis Penelope Trust
Warranty Deed
—
—
—
Mattison 41 LLC
—
Deed Of Trust
related
$1,111,500 · Hancock Bk
—
—
Mattisons 41 LLC
—
Deed Of Trust
related
$1,000,000 · Fifth Third Bank
—
—
Mattisons 41 LLC
—
Deed Of Trust
related
$599,900 · Hancock Bk/al
—
—
Mattisons 41 LLC
—
Deed Of Trust
related
$60,000 · Hancock Whitney Bk
—
—
Mattisons 41 LLC
—
Deed Of Trust
related
$1,250,000 · Fifth Third 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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