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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Manufacturing properties
959 Lime Ave Sarasota, FL 34237-3510
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4620108
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,320 SF
Lot
0.37 ac (15,933 SF)
Zoning code
DTE
APN
2028-03-0017
UPID
US18-4620108
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
-
Atlantic Sail Traders Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.77M
Owner & transaction history
Douglas A Fisher INC · 13 yrs held
Douglas A Fisher INC
since 2013
5 recorded transactions
Zoning & alternative use
DTE · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Edge (DTE) district is a densely mixed-use area typically located along a pedestrian way or a roadway within a neighborhood
Zone name
Downtown Edge
General category
MIXED_USE
Zone area
314.15 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,655,000
7%
$1,535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,045,000
Current use
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±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
$189 / 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
$11,119
Tax year 2023
Assessed value
$658,400
Assessed 2023
Previous assessed
$597,000
+10.3% YoY
Effective rate
1.69%
On assessed value
Assessed land
$345,800
Assessed improvement
$312,600
Land market value
$345,800
Improvement market value
$312,600
Total market value
$658,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
9,320 SF
Lot
0.37 ac (15,933 SF)
Zoning code
DTE
APN
2028-03-0017
UPID
US18-4620108
Jurisdiction
SARASOTA
Zoning & alternative use
DTE · Sarasota, FLZoning DTE · permitted uses
DTE · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown Edge (DTE) district is a densely mixed-use area typically located along a pedestrian way or a roadway within a neighborhood
Zone name
Downtown Edge
General category
MIXED_USE
Zone area
314.15 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Douglas A Fisher INC
Entity
Mailing address
957 N LIME AVE, SARASOTA, FL 34237-3510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2020
—
Douglas A Fisher INC
—
Deed
related
$1,450,000 · Cadence Bk NA
Aug 1, 2017
—
Douglas A Fisher INC
—
Deed
related
$850,000 · Cadence Bank NA
Mar 25, 2013
—
Douglas A Fisher INC
Douglas A Fisher INC
Quit Claim Deed
related
$500,000 · Cadence Bank
Sep 10, 2004
$516,000
Ullmans Sails Fl
Seymour Music Co INC
Warranty Deed
$412,800 · Regions Bank
—
—
Douglas A Fisher INC
—
Loan Modification
related
$1,450,000 · Cadence Bk NA
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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