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    Property profile & analytics

    4953 Trott Cir North Port, FL 34287-3411

    • Warehouses
    • 8,364 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2556297
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 4953 Trott Cir

    Year built
    2004
    Lot size
    1.25 lot acres
    Property size
    8,364 SF
    Zone code
    ILW
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0996-00-3007
    APU
    996003007

    Description

    This exceptional investment opportunity presents a fully leased, 16,164 square foot mini-storage warehouse complex in North Port, Florida. The property boasts 39 units occupied by 25 tenants, enjoying a five-year history of 100% occupancy. Strategically located near major roadways including US-41, S. Biscayne, and Pan American Blvd, this well-maintained complex offers significant upside potential. Built in 2004, the property features fireproof steel construction, a galvanized metal roof, and metal siding across four buildings. Recent improvements include new overhead doors, updated weather stripping, and a fully air-conditioned 800 sq ft unit. Security features include a camera system and perimeter fencing. The property also benefits from a recently resealed parking lot (2023) and meticulously maintained landscaping. The current gross lease structure and absence of automotive tenants provide a stable income stream, with a strong 5.59% cap rate and a substantial NOI of $251,764. Priced at $4,500,000 ($278.40/sq ft and $115,384.62/unit), this is an ideal acquisition for investors seeking a low-maintenance, high-return mini-storage portfolio in a rapidly growing market. The property's strong tenant history and recent upgrades ensure a secure and profitable investment.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2449
    Latitude
    27.0531
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,971
    $136,300
    $1,177,800
    $1,314,100
    -
    $136,300
    $1,177,800
    $1,314,100

    Comparable in this City

    • Value Estimation
      $670,000
      7,601 SF

      5074 Trott Cir

      MINI-WAREHOUSE, STORAGE • 7,601 SF
      5074 Trott Cir, North Port, FL 34287-3415
      View Details
    • Value Estimation
      $290,000
      5,100 SF

      4964 Trott Cir

      MINI-WAREHOUSE, STORAGE • 5,100 SF
      4964 Trott Cir, North Port, FL 34287-3422
      View Details
    • Value Estimation by Request
      5,250 SF

      5055 Pan American Blvd

      MINI-WAREHOUSE, STORAGE • 5,250 SF
      5055 Pan American Blvd, North Port, FL 34287-3410
      View Details
    • Value Estimation by Request
      26,910 SF

      12560 Tamiami S Trl

      MINI-WAREHOUSE, STORAGE • 26,910 SF
      12560 Tamiami S Trl, North Port, FL 34287-1416
      View Details
    • Value Estimation
      $1,020,000
      10,000 SF

      5084 Trott Cir

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      5084 Trott Cir, North Port, FL 34287-3407
      View Details
    • Value Estimation
      $385,000
      7,500 SF

      5159 Trott Cir

      MINI-WAREHOUSE, STORAGE • 7,500 SF
      5159 Trott Cir, North Port, FL 34287-3400
      View Details

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    North Port, FL 34287-3411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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