Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1090 Gtwy Ave North Port, FL 34289
    Back to Search
    Property profile & analytics

    1090 Gtwy Ave, North Port, FL 34289

    View on Map
    • Industrial land
    • 1.03 lot acres
    Off-Market
    Last Sale Dec 4, 2023
    $190,000
    Property ID
    US18-4371180
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 1090 Gtwy Ave

    Lot size
    1.03 lot acres
    Zone code
    PCDN
    Property type
    Industrial land
    APN
    0961-13-0290
    APU
    961130290

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 4, 2023 $200,000 Wallis Properties LLC Mida Group LLC Quit Claim Deed · related —
    Apr 10, 2023 $190,000 Mida Group LLC Jea Condos LLC Warranty Deed —
    Aug 30, 2019 $175,000 Jea Condos LLC Anderson,james E Warranty Deed —
    Feb 10, 2010 $175,000 Anderson James E Trust Paul Hartt LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.1423
    Latitude
    27.0821
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,298
    $204,800
    $0.00
    $204,800
    -
    $204,800
    $0.00
    $204,800

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      17875 75th I Sb

      INDUSTRIAL - VACANT LAND
      17875 75th I Sb, North Port, FL 34289
      View Details
    • Value Estimation by Request
      0.09 Acres

      17650 75th I I

      INDUSTRIAL - VACANT LAND
      17650 75th I I, North Port, FL 34289
      View Details
    • Value Estimation by Request
      0.95 Acres

      2865 Commerce Pkwy

      INDUSTRIAL - VACANT LAND
      2865 Commerce Pkwy, North Port, FL 34289-9303
      View Details
    • Value Estimation by Request
      0.64 Acres

      2695 Commerce Pkwy

      INDUSTRIAL - VACANT LAND
      2695 Commerce Pkwy, North Port, FL 34289-9341
      View Details
    • Value Estimation by Request
      0.67 Acres

      2725 Commerce Pkwy

      INDUSTRIAL - VACANT LAND
      2725 Commerce Pkwy, North Port, FL 34289-9374
      View Details
    • Value Estimation by Request
      0.94 Acres

      3255 Commerce Pkwy

      INDUSTRIAL - VACANT LAND
      3255 Commerce Pkwy, North Port, FL 34289
      View Details

    Similar Nearby for Sale

    • $699,900
      1.33 Acres

      North Port Industrial Land Parcel

      Prime 1.32-acre industrial parcel in North Port Park of Commerce.
      2725 Commerce Pkwy, North Port, FL 34289
      View Details
    • Contact for pricing

      North Port Industrial Land Parcel

      1.32-acre industrial land parcel in North Port Park of Commerce.
      2715 Commerce Pkwy, North Port, FL 34289
      View Details
    • $574,700

      Land for Sale

      Land available in North Port, Florida.
      2487 Sycamore St, North Port, FL 34289
      View Details
    • Contact for pricing

      Pad Site Commercial Land

      A 0.88-acre pad site next to a Wendy’s, offered for sale for commercial development.
      1001 Interchange Ave, North Port, FL 34289
      View Details
    • Contact for pricing

      Commercial Land on Toledo Blade

      1.99-acre mixed-use parcel near I-75 and Suncoast Technical College.
      4690 Career Ln, North Port, FL 34289
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      62,291 SF

      Commercial Land on Toledo Blade

      Mixed-use parcels available for lease near I-75.
      4430 Career Ln, North Port, FL 34289
      View Details
    • $16 SF/Yr

      Industrial Warehouse Facility For Sublease

      15,000 SF industrial/warehouse facility with excellent access and exposure.
      2529 Commerce Pkwy, North Port, FL 34289
      View Details
    • Contact for pricing

      Flex Space Near I-75

      Flex space available for lease near I-75 in North Port.
      1077 Innovation Ave, North Port, FL 34289
      View Details
    • $22 SF/Yr

      Flex Space Near I-75

      New flex space with convenient interstate access, available December 2026.
      1001 Innovation Ave, North Port, FL 34289
      View Details
    • $17,676 /Mo

      Professional Office Space Available

      982 SF office space in Toledo Blade Professional Center.
      2563 N Toledo Blade Blvd, North Port, FL 34289
      View Details
    • Contact for pricing
      1,653 SF

      North Port Flex/Industrial Space

      Flex/Industrial space available for lease in North Port, Florida.
      1075 Innovation Ave, North Port, FL 34289
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1090 Gtwy Ave
    North Port, FL 34289
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1090 Gtwy Ave, North Port, FL, 34289
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!