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Property profile & analytics
OFF-MARKET
Estimated value
$5,805,000
Warehouses
1075 Gtwy Ave North Port, FL 34289-1200
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-5225593
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
30,000 SF
Lot
5.66 ac (246,738 SF)
Zoning code
PCDN
APN
0961-13-0150
UPID
US18-5225593
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
$6.32M
CAP Approach
CAP
$6.47M
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$5.81M
Owner & transaction history
Gateway Re 1075 LLC
Gateway Re 1075 LLC
since 2026
Last sale
$4.8M
6 recorded transactions
Zoning & alternative use
PCDN · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+59.6%
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 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
$5,855,000
ML approach
$6,320,000
CAP Approach
CAP Return
Estimation
6%
$7,000,000
6.5%
$6,465,000
7%
$6,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,525,000
Current use
RETAIL STORES
$8,820,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$5.81M
Range $5.22M – $6.39M · ±10% · vs last sale $4.76M (Dec 28 2021)
Last sale anchor
$4.76M
Dec 28 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
$194 / 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
$49,426
Tax year 2023
Assessed value
$3,349,600
Assessed 2023
Previous assessed
$2,893,600
+15.8% YoY
Effective rate
1.48%
On assessed value
Assessed land
$736,300
Assessed improvement
$2,613,300
Land market value
$736,300
Improvement market value
$2,613,300
Total market value
$3,349,600
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Stories
1
Total area
30,000 SF
Lot
5.66 ac (246,738 SF)
Zoning code
PCDN
APN
0961-13-0150
UPID
US18-5225593
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
WAREHOUSE, STORAGE Current
Est. value
$5.5M
RETAIL STORES
Est. value
$8.8M
WAREHOUSE, STORAGE Current
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
2021
Heating
YES
Cooling
Yes
Stories
1
Lot
5.66 ac
Current owner
From public records · entity-resolved
Gateway Re 1075 LLC
Entity
Mailing address
681 VERNON ST, OAKLAND, CA 94610-1419
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 16, 2026
$4,900,000
Gateway Re 1075 LLC
Wallis Properties LLC
Special Warranty Deed
$2,900,000 · Connectone Bank
Dec 28, 2021
$4,760,000
Wallis Properties LLC
Akm Np LLC
Warranty Deed
$2,973,750 · Trustone Financial Cu
Feb 6, 2020
$340,000
Mida Group I LLC
Toledo Blade Developers LLC
Warranty Deed
—
Dec 11, 2019
$850,000
Toledo Blade Developers LLC
Sof-viti-ft Pk Of Cmrc N Port LLC
Warranty Deed
$552,500 · First Sthrn Bk
Aug 6, 2012
—
Sof-viii-ft Park Of Commerce Nort
North Port Park Of Commer Coc
Quit Claim Deed
related
—
Apr 10, 2009
—
North Port Park Of Commerce Lc
—
Grant Deed
related
$5,302,055 · Fifth Third 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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