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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Bars & Pubs
975 Cattlemen Rd, Sarasota, FL 34232-2809
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-9070344
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1939
Total area
2,399 SF
Lot
2.04 ac (88,950 SF)
Zoning code
CI
APN
0048-09-0030
UPID
US18-9070344
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
-
Origin pizza express Restaurant
-
Sarasota Axe Throwing Club Gym & Fitness Center Sports Field & Court
-
Big Top Brewing's Cock N Bull LIVE Production Facility Brewery & Distillery
-
C & B ~ Bagels, Pizza & Tasting Room Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$590k
Owner & transaction history
F&h Properties Sarasota LLC
F&h Properties Sarasota LLC
since 2026
2 recorded transactions
Zoning & alternative use
CI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+31.0%
Commercial (general)
$645,000
+19.0%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$540,000
Current use
MEDICAL BUILDING
$710,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$246 / 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
$13,031
Tax year 2023
Assessed value
$1,305,100
Assessed 2023
Previous assessed
$703,400
+85.5% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,124,300
Assessed improvement
$180,800
Land market value
$1,124,300
Improvement market value
$180,800
Total market value
$1,305,100
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1939
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
2,399 SF
Lot
2.04 ac (88,950 SF)
Zoning code
CI
APN
0048-09-0030
UPID
US18-9070344
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · 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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$540,000
MEDICAL BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$645,000
OFFICE BUILDING
Est. value
$485,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1939
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
F&h Properties Sarasota LLC
Entity
Mailing address
4420 VIOLET AVE, SARASOTA, FL 34233-1825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$3,350,000
F&h Properties Sarasota LLC
Howard Hochberg
Warranty Deed
$2,750,000 · Howard Hochberg Etal
Aug 13, 2001
$1,069,200
Howard Hochberg
West Coast Warehousing INC
Grant Deed
$1,000,000 · West Coast Warehousing INC
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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