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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Warehouses
1049 Endeavor Ct North Venice, FL 34275-3622
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4787240
Property summary
AI-generated overview
This exceptional 10,000-square-foot industrial property, situated on a 1.45-acre lot in Nokomis, Florida's desirable Knights Trail Industrial Park, presents a unique owner-user opportunity. Built in 2000, this single-story building boasts a 24-foot ceiling height, eight grade-level loading docks (14' tall x 12' wide), and is constructed of durable concrete block and stucco (up to 8 feet), with fireproof structural steel columns and beams and a galvanized metal roof. The warehouse features multiple office areas and bathrooms, along with insulated walls and ceilings, ensuring a comfortable and efficient workspace. The property's zoning is PID, and the 2022 property taxes were $13,000. Approximately half an acre of additional land is available for expansion, parking, or outdoor storage. This prime location near I-75 is experiencing rapid development, making this an excellent investment. The lease expires February 29, 2024, and seller financing is available. The APN is 0378090003.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
10,000 SF
Lot
1.56 ac (68,158 SF)
Zoning code
PID
APN
0378-09-0003
UPID
US18-4787240
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
-
Gautier Fabrication Inc General Contractor
-
Gautier Trailer Company Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.50M
Owner & transaction history
Joc Properties LLC · 2 yrs held
Joc Properties LLC
since 2024
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
PID · North Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+89.1%
Office building
$3.7M
+80.8%
Retail stores
$3.5M
+73.7%
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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Venice 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
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,030,000
Current use
MEDICAL BUILDING
$3,840,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$3,670,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$3,525,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Apr 5 2024)
Last sale anchor
$2.50M
Apr 5 2024
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
$250 / 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
$13,451
Tax year 2023
Assessed value
$884,100
Assessed 2023
Previous assessed
$884,100
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$373,700
Assessed improvement
$510,400
Land market value
$373,700
Improvement market value
$510,400
Total market value
$884,100
Applied tax rate
300.0000
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
2000
Heating
YES
Cooling
YES
Stories
1
Total area
10,000 SF
Lot
1.56 ac (68,158 SF)
Zoning code
PID
APN
0378-09-0003
UPID
US18-4787240
Jurisdiction
SARASOTA
Zoning & alternative use
PID · North Venice, FLZoning PID · permitted uses
PID · North Venice, 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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Joc Properties LLC
Entity
Mailing address
1049 ENDEAVOR CT, NORTH VENICE, FL 34275-3622
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$2,500,000
Joc Properties LLC
Michael Gautier
Warranty Deed
$2,325,000 · South State Bank NA
Apr 22, 2020
—
Michael Gautier
—
Deed
related
$500,000 · Charlotte St Bk&tr
Sep 8, 1998
$150,000
Michael Gautier
Waterford North INC
Grant Deed
$40,000 · Seller
—
—
Michael Gautier
—
Deed Of Trust
related
$500,000 · Charlotte St Bk&tr
—
—
Michael Gautier
—
Deed Of Trust
related
$200,000 · Englewood Bank
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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