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Property profile & analytics
OFF-MARKET
Estimated value
$10,425,000
Warehouses
1001 Executive Ave North Port, FL 34289-9323
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2533252
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
15,275 SF
Lot
5.73 ac (249,664 SF)
Zoning code
PCDN
APN
0961-13-0100
UPID
US18-2533252
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
$11.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.43M
Owner & transaction history
Life Storage LP · 5 yrs held
Life Storage LP
since 2021
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
PCDN · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.7M
+351.7%
Restaurant
$11.1M
+293.6%
Auto repair, garage
$8.8M
+211.9%
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 North Port submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Port 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
$11,610,000
ML approach
$11,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,710,000
Change: +352% · Conversion: Difficult
RESTAURANT
$11,075,000
Change: +294% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,775,000
Change: +212% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,025,000
Change: +185% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,895,000
Change: +145% · Conversion: Moderate
Blend value · Realmo final
$10.43M
Range $9.38M – $11.47M · ±10% · vs last sale $9.44M (Mar 11 2021)
Last sale anchor
$9.44M
Mar 11 2021
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
$682 / 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
$124,467
Tax year 2023
Assessed value
$9,210,700
Assessed 2023
Previous assessed
$9,210,700
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,327,800
Assessed improvement
$7,882,900
Land market value
$1,327,800
Improvement market value
$7,882,900
Total market value
$9,210,700
Applied tax rate
500.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Total area
15,275 SF
Lot
5.73 ac (249,664 SF)
Zoning code
PCDN
APN
0961-13-0100
UPID
US18-2533252
Jurisdiction
SARASOTA
Zoning & alternative use
PCDN · North Port, FL
Zoning PCDN · permitted uses
PCDN · North Port, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Port. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$12.7M
RESTAURANT
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Lot
5.73 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
—
Life Storage LP
Big Jim IV LLC
Quit Claim Deed
related
—
Mar 11, 2021
$9,440,000
Life Storage LP
Big Jim IV LLC
Special Warranty Deed
—
Dec 12, 2016
—
Big Jim IV LLC
—
Deed
related
$3,000,000 · Branch Bk&tr
Feb 7, 2012
$2,050,000
Big Jim IV LLC
Aerl Lc
Warranty Deed
—
Aug 30, 2011
$160,601
Aerl LLC
Toledo Blade Self Storage Ll
Trustees Deed
related
—
Jun 21, 2006
$972,400
Toledo Blade Self Storage LLC
North Port Park Of Commerce Lc
Warranty Deed
—
—
—
Toledo Blade Self Storage LLC
—
Deed Of Trust
related
$3,750,000 · American Equity Inv Life Ins
—
—
Big Jim IV LLC
—
Deed Of Trust
related
$3,000,000 · Branch Bk&tr
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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