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Property profile & analytics
FOR SALE
Distribution centers
885 Tallevast Rd Sarasota, FL 34243
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2755066
For Sale
1 / 110
$3,200,000
885 Tallevast Rd, Sarasota, FL 34243
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1999
Construction
CONCRETE
Total area
19,624 SF
Lot
1.41 ac (61,637 SF)
Zoning code
PD-I
APN
66510.0020-7
UPID
US18-2755066
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
-
Trinity Graphic USA Printing Service (Bike/Boat/Book/etc) Store
-
Spot On Electric Electrical Service General Contractor
-
Lapitec USA Inc. Industrial Manufacturer Production Facility
-
Custom Touch (Bike/Boat/Book/etc) Store
-
HavenSmart Sarasota Home Appliance Store IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$3.20M
Owner & transaction history
Tally Ho LLC · 2 yrs held
Tally Ho LLC
since 2023
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
PD-I · Sarasota, FL
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
$3,355,000
ML approach
$3,355,000
CAP Approach
CAP Return
Estimation
6%
$3,340,000
6.5%
$3,085,000
7%
$2,865,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,025,000
Current use
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.10M (Oct 13 2023)
Last sale anchor
$3.10M
Oct 13 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
$163 / 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
$31,081
Tax year 2023
Assessed value
$1,893,810
Assessed 2023
Previous assessed
$1,903,773
-0.5% YoY
Effective rate
1.64%
On assessed value
Assessed land
$237,188
Assessed improvement
$1,656,622
Land market value
$237,188
Improvement market value
$1,656,622
Total market value
$1,893,810
Applied tax rate
302.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
19,624 SF
Lot
1.41 ac (61,637 SF)
Zoning code
PD-I
APN
66510.0020-7
UPID
US18-2755066
Jurisdiction
MANATEE
Zoning & alternative use
PD-I · Sarasota, FLZoning PD-I · permitted uses
PD-I · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
WAREHOUSE, STORAGE 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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Tally Ho LLC
Entity
Free & Clear · 2 yrs held
Mailing address
22041 REGENCY RD #602, LEXINGTON, KY 40503
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
$3,102,500
Tally Ho LLC
885 Tallevast LLC
Special Warranty Deed
—
Jul 26, 2017
$1,120,000
885 Tallevast LLC
Trinitas USA LLC
Warranty Deed
—
May 13, 2004
$1,600,000
Trinitas USA LLC
Federal Warehouse Corp #5
Grant Deed
$1,280,000 · First National Bank Florida
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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