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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Commercial land
75 Beneva Rd Sarasota, FL 34232-1452
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0153594
Property summary
AI-generated overview
This exceptional 42,919 square foot commercial land parcel presents a prime retail or commercial development opportunity in Sarasota, Florida. Strategically located on Beneva Road, it boasts over 135 feet of frontage, providing unparalleled visibility and accessibility. The property is situated adjacent to the Fruitville Forum Retail Center, benefiting from its established commercial activity and high traffic volume. Access to the parcel is via a shared driveway off Beneva Road, with additional access from Fruitville Road through easements within the Fruitville Forum parking lot. This location is ideal for a variety of uses, including neighborhood retail, casual dining establishments, or quick-service restaurants. The asking price for this highly sought-after parcel is $950,000. This represents a lucrative investment potential in Sarasota's dynamic market. The property's address is 75 S Beneva Rd, Sarasota, FL 34232. Don't miss this chance to secure a prominent location in a thriving commercial area.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1984
Total area
2,966 SF
Lot
0.99 ac (42,919 SF)
Zoning code
CN
APN
2031-01-0009
UPID
US18-0153594
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
$390k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
The Wasifs Property LLC · 2 yrs held
The Wasifs Property LLC
since 2024
7 recorded transactions
Zoning & alternative use
CN · 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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$815,000
7%
$755,000
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
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
$204 / 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
$5,380
Tax year 2023
Assessed value
$357,400
Assessed 2023
Previous assessed
$334,500
+6.8% YoY
Effective rate
1.51%
On assessed value
Assessed land
$357,400
Land market value
$357,400
Total market value
$357,400
Applied tax rate
200.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1984
Heating
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
2,966 SF
Lot
0.99 ac (42,919 SF)
Zoning code
CN
APN
2031-01-0009
UPID
US18-0153594
Jurisdiction
SARASOTA
Zoning & alternative use
CN · Sarasota, FL
Zoning CN · permitted uses
CN · 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
1984
Heating
YES
Stories
1
Rooms
6
Bathrooms
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
The Wasifs Property LLC
Entity
Mailing address
10173 W PO BOX 51297TH CT, SARASOTA, FL 34232-0331
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2024
$775,000
The Wasifs Property LLC
Tenth Way Corporation
Special Warranty Deed
—
Oct 26, 2018
$300,000
Tenth Way Corportion
Lcs Family Ventures INC
Warranty Deed
—
Apr 4, 2018
—
Tenth Way Corp
—
Deed
related
$111,479 · George N Nikias
Mar 29, 2018
$250,000
Lcs Family Ventures INC
Tenth Way Corp
Warranty Deed
—
Jun 30, 2017
—
Tenth Way Corp
—
Loan Modification
related
$5,268,420 · American Sportsman Realty Hldg
Dec 4, 2009
—
Tenth Way Corp
—
Deed Of Trust
related
$4,325,000 · Gabbert Investments Group LLC
Feb 11, 2009
—
Tenth Way Corp
—
Deed Of Trust
related
$4,000,000 · Gabbert Investments Group LLC
Jan 23, 2006
$1,150,000
Tenth Way Corp
Nikias,george N
Warranty Deed
$750,000 · Suncoast Bank
Jul 5, 2002
$600,000
George N Nikias
Boutros,ramzi A
Grant Deed
$480,000 · First State Bank
—
—
Tenth Way Corp
—
Loan Modification
related
$4,825,000 · Gabbert Investments Group LLC
—
—
Tenth Way Corp
—
Loan Modification
related
$5,268,420 · American Sportsman Realty Hold
—
—
Tenth Way Corp
—
Deed Of Trust
related
$4,825,000 · Gabbert Investments Group LLC
—
—
Tenth Way Corp
—
Deed Of Trust
related
$4,325,000 · Gabbert Investments Group LLC
—
—
Boutros Trust
—
Deed Of Trust
related
$250,000 · Premier Community Bank Florida
—
—
Tenth Way Corp
—
Deed Of Trust
related
$4,825,000 · Gabbert Investments Group LLC
—
—
Tenth Way Corp
—
Loan Modification
related
$111,479 · George N Nikias
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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