Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,085,000
Retail space
1009 Sumter Blvd North Port, FL 34286-8073
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0837618
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,499 SF
Lot
1.5 ac (65,312 SF)
Zoning code
PCDN
APN
0977-07-0010
UPID
US18-0837618
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
$5.64M
CAP Approach
CAP
$3.49M
Comparable Approach
Comparable
$6.28M
Blend (final)
Blend
$5.09M
Owner & transaction history
Walgreen Co · 2 yrs held
Walgreen Co
since 2023
Last sale
$4.9M
3 recorded transactions
Zoning & alternative use
PCDN · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.3M
+95.5%
Neighborhood: shopping center
$6.5M
+53.5%
Industrial (general)
$6.3M
+47.8%
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
$4,975,000
ML approach
$5,635,000
CAP Approach
CAP Return
Estimation
6%
$3,775,000
6.5%
$3,485,000
7%
$3,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,265,000
Current use
AUTO REPAIR, GARAGE
$8,330,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,545,000
Change: +54% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,300,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$4,855,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$3,865,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $4.94M (Dec 15 2023)
Last sale anchor
$4.94M
Dec 15 2023
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
$351 / 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
$68,459
Tax year 2023
Assessed value
$3,672,400
Assessed 2023
Previous assessed
$3,852,800
-4.7% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,428,100
Assessed improvement
$2,244,300
Land market value
$1,428,100
Improvement market value
$2,244,300
Total market value
$3,672,400
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
14,499 SF
Lot
1.5 ac (65,312 SF)
Zoning code
PCDN
APN
0977-07-0010
UPID
US18-0837618
Jurisdiction
SARASOTA
Zoning & alternative use
PCDN · North Port, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 2 yrs held
Mailing address
12439 WATERSLEA LN, KNOXVILLE, TN 37934-4112
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
—
Walgreen Co
Liberty Holdings LLC
Lease
—
Dec 15, 2023
$4,939,900
Liberty Holdings LLC
Walgreen Co
Special Warranty Deed
—
Oct 14, 2004
$1,850,000
Walgreen Co
Win-heron Ltd
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1009 Sumter Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
