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Property profile & analytics
OFF-MARKET
Estimated value
$9,790,000
Warehouses
1003 Orange Ave Sarasota, FL 34236-4102
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2168663
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
67,036 SF
Lot
0.4 ac (17,625 SF)
Zoning code
I
APN
2025-14-1004
UPID
US18-2168663
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
-
SAWA MANAGEMENT Property Management Company
-
The Lock Up Self Storage Storage Facility
-
Statecity Marketing & Advertising Advertising Agency
-
Leader Design Studio Architect
-
Sawa Design Studio Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.70M
Comparable Approach
Comparable
$9.28M
Blend (final)
Blend
$9.79M
Owner & transaction history
Lock Up Sarasota-downtown LLC · 19 yrs held
Lock Up Sarasota-downtown LLC
since 2007
6 recorded transactions
Zoning & alternative use
I · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the I district is to permit heavy industrial uses which have the potential of producing extensive adverse impacts on surrounding land uses or resources and to facilitate the proper development and use Such uses include those that produce noise, odors or increased hazards of fire, or are generally incompatible with lower-intensity la…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
34.57 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%
$11,590,000
6.5%
$10,700,000
7%
$9,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,750,000
Current use
Blend value · Realmo final
$9.79M
Range $8.81M – $10.77M · ±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
$146 / 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
$104,680
Tax year 2023
Assessed value
$9,530,100
Assessed 2023
Previous assessed
$9,530,100
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$755,400
Assessed improvement
$8,774,700
Land market value
$755,400
Improvement market value
$8,774,700
Total market value
$9,530,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
4
Total area
67,036 SF
Lot
0.4 ac (17,625 SF)
Zoning code
I
APN
2025-14-1004
UPID
US18-2168663
Jurisdiction
SARASOTA
Zoning & alternative use
I · Sarasota, FLZoning I · permitted uses
I · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the I district is to permit heavy industrial uses which have the potential of producing extensive adverse impacts on surrounding land uses or resources and to facilitate the proper development and use Such uses include those that produce noise, odors or increased hazards of fire, or are generally incompatible with lower-intensity land uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
34.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.8M
WAREHOUSE, STORAGE 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
2006
Heating
YES
Cooling
Yes
Stories
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Lock Up Sarasota-downtown LLC
Entity
Mailing address
800 W FRONTAGE RD, NORTHFIELD, IL 60093-1205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2010
—
Lock Up Sarasota-downtown LLC
—
Deed Of Trust
related
$5,325,000 · J P Morgan Chase Bank
May 4, 2010
—
Lock Up Sarasota-downtown LLC
—
Grant Deed
related
$5,300,000 · J P Morgan Chase Bank
Feb 7, 2007
$6,400,000
Lock Up Sarasota-downtown LLC
Historic Waterworks LLC
Grant Deed
$5,300,000 · J P Morgan Chase Bank
—
—
Lock Up Sarasota-downtown LLC
—
Deed Of Trust
related
$131,700,000 · Miscellaneous Ins Co
—
—
Lock Up Sarasota-downtown LLC
—
Loan Modification
related
$20,000,000 · Miscellaneous Ins Co
—
—
Lock Up Sarasota-downtown LLC
—
Deed Of Trust
related
$92,180,000 · Us Bank NA #2005-pwr8 (ce)
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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