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Property profile & analytics
FOR LEASE
Turn key restaurants
115 W Dearborn St Englewood, FL 34223
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7460316
For Lease
1 / 14
$615,000
115 W Dearborn St, Englewood, FL 34223
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,720 SF
Lot
0.29 ac (12,646 SF)
Zoning code
MSOD; CG
APN
0503-01-0001
UPID
US18-7460316
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$615k
Owner & transaction history
Maluma Wom LLC · 4 yrs held
Maluma Wom LLC
since 2022
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
MSOD; CG · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$520,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $725k (Jan 3 2022)
Last sale anchor
$725k
Jan 3 2022
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
$226 / 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
$7,690
Tax year 2023
Assessed value
$526,300
Assessed 2023
Previous assessed
$514,400
+2.3% YoY
Effective rate
1.46%
On assessed value
Assessed land
$212,700
Assessed improvement
$313,600
Land market value
$212,700
Improvement market value
$313,600
Total market value
$526,300
Applied tax rate
1,500.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
9
Bathrooms
2
Total area
2,720 SF
Lot
0.29 ac (12,646 SF)
Zoning code
MSOD; CG
APN
0503-01-0001
UPID
US18-7460316
Jurisdiction
SARASOTA
Zoning & alternative use
MSOD; CG · Englewood, FL
Zoning MSOD; CG · permitted uses
MSOD; CG · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Maluma Wom LLC
Entity
Mailing address
306 BAYVIEW PKWY, NOKOMIS, FL 34275-3909
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$725,000
Maluma Wom LLC
H & R Property Group INC
Warranty Deed
$507,000 · Sabal Palm Bank
Jun 10, 2019
$75,000
Douglas Harris
Russo,cara
Quit Claim Deed
related
—
Jun 10, 2019
$100
H & R Property Group INC
Russo,paul
Quit Claim Deed
related
—
Dec 30, 2011
$125,000
Cara Russo
Suncoast Educational Broadcast
Warranty Deed
$93,750 · Charlotte St Bk&tr
Jul 7, 2009
—
Carl Markmiller
Markmiller,mary E
Affidavit Of Death
related
—
Jun 30, 2009
$115,000
Suncoast Educational Broadcast
B & E Investments Of Englewood LLC
Warranty Deed
$90,000 · Fellowship Church INC
Feb 17, 2009
—
B & E Invs Of Englewood LLC
Jcrm Ents LLC Coc
Trustees Deed
related
—
Apr 17, 2006
$575,000
Jcrm Ents LLC
B & E Invs Of Englewood LLC
Warranty Deed
—
Mar 31, 2005
$375,000
B&e Investments Of Englewood LLC
Janice Marie Dunn
Warranty Deed
$300,000 · Community National Bank Of Sarasota
—
—
Ralph P Mercier
—
Deed Of Trust
related
$525,000 · B&e Invs Of Englewood LLC
—
—
Cara Russo
—
Loan Modification
related
$214,000 · Charlotte St Bk&tr
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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