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Property profile & analytics
OFF-MARKET
Estimated value
$46,120,000
Warehouses
1 Cheney Way Punta Gorda, FL 33982-4401
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-6025067
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Total area
344,723 SF
Lot
33.12 ac (1,442,707 SF)
Zoning code
ECAP
APN
41-23-16-200-007
UPID
US18-6025067
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$46.12M
Blend (final)
Blend
$46.12M
Owner & transaction history
Cheney Bros INC · 1 yrs held
Cheney Bros INC
since 2024
7 recorded transactions
Zoning & alternative use
ECAP · Punta Gorda, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$69.3M
+33.6%
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 Punta Gorda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Punta Gorda 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$51,870,000
Current use
OFFICE BUILDING
$69,320,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$46.12M
Range $41.51M – $50.73M · ±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
$134 / 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
$380,633
Tax year 2023
Assessed value
$31,527,388
Assessed 2023
Previous assessed
$31,665,377
-0.4% YoY
Effective rate
1.21%
On assessed value
Land market value
$4,305,600
Improvement market value
$38,177,689
Total market value
$42,483,289
Applied tax rate
107.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
2
Stories
1
Total area
344,723 SF
Lot
33.12 ac (1,442,707 SF)
Zoning code
ECAP
APN
41-23-16-200-007
UPID
US18-6025067
Jurisdiction
CHARLOTTE
Zoning & alternative use
ECAP · Punta Gorda, FL
Zoning ECAP · permitted uses
ECAP · Punta Gorda, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Punta Gorda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$51.9M
OFFICE BUILDING
Est. value
$69.3M
WAREHOUSE, STORAGE Current
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
2015
Heating
NONE
Stories
1
Buildings
2
Lot
33.12 ac
Current owner
From public records · entity-resolved
Cheney Bros INC
Entity
Mailing address
1 CHENEY WAY, RIVIERA BEACH, FL 33404-7000
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
—
Cheney Bros INC
—
Deed
related
$500,000,000 · Wells Fargo Bank NA
Feb 18, 2020
—
Cheney Bros INC
—
Deed
related
$35,404,045 · Synovus Bk
Sep 10, 2019
—
Cheney Bros INC
—
Deed
related
$31,000,000 · Synovus Bk
Aug 7, 2014
—
Cheney Bros INC
—
Grant Deed
related
$32,000,000 · Florida Cmnty Bk
—
—
Cheney Bros INC
—
Loan Modification
related
$31,000,000 · Synovus Bk
—
—
Cheney Bros INC
—
Loan Modification
related
$32,130,000 · Florida Cmnty Bk
—
—
Cheney Bros INC
—
Loan Modification
related
$35,404,045 · Synovus Bk
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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