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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Garden apartment buildings
1410 Magellan Dr Sarasota, FL 34243-4429
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0705475
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
TYPE NOT SPECIFIED
Total area
5,163 SF
Lot
0.34 ac (15,000 SF)
Zoning code
GC
APN
65960.1000-6
UPID
US19-0705475
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
-
The Magell Inn Hotel & Motel Bed & Breakfast
-
King Gods 1410 Magellan Dr apt 7 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.21M
Owner & transaction history
1410 Magellan LLC · 5 yrs held
1410 Magellan LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
GC · Sarasota, 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 Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota 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
$1,590,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.10M (Apr 5 2021)
Last sale anchor
$1.10M
Apr 5 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
$234 / 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
$17,448
Tax year 2023
Assessed value
$927,220
Assessed 2023
Previous assessed
$927,220
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$163,200
Assessed improvement
$764,020
Land market value
$163,200
Improvement market value
$764,020
Total market value
$927,220
Applied tax rate
303.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
16
Total area
5,163 SF
Lot
0.34 ac (15,000 SF)
Zoning code
GC
APN
65960.1000-6
UPID
US19-0705475
Jurisdiction
MANATEE
Zoning & alternative use
GC · Sarasota, FL
Zoning GC · permitted uses
GC · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
16
Lot
0.34 ac
Current owner
From public records · entity-resolved
1410 Magellan LLC
Entity
Mailing address
2374 JAMES LN, SARASOTA, FL 34231-4643
Ownership since
2021
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
Apr 5, 2021
$1,100,000
1410 Magellan LLC
The Magell Inn LLC
Warranty Deed
—
Oct 21, 2019
—
Christopher A Popeck
—
Deed
related
$250,000 · Iberiabank
Dec 1, 2017
—
Magell Inn LLC
—
Deed
related
$100,000 · Harvey Vengroff
Oct 23, 2015
—
Magell Inn LLC
Popeck,christopher A
Quit Claim Deed
related
—
Jan 24, 2013
$143,000
Christopher A Popeck
First Bk
Grant Deed
—
Jun 18, 2010
—
Bk First
Privette,james M Coc
Trustees Deed
related
—
Nov 9, 2006
$595,000
James M Privette
Magellan LLC
Warranty Deed
$488,000 · Coast Bank Of Florida
Dec 11, 2003
$285,000
Magellan LLC
Hamilton,jana L
Grant Deed
$256,500 · Jana L Hamilton
—
—
Christopher A Popeck
—
Deed Of Trust
related
$200,000 · Iberiabank
—
—
Christopher A Popeck
—
Loan Modification
related
$250,000 · Iberiabank
—
—
Magell Inn LLC
—
Deed Of Trust
related
$100,000 · Harvey Vengroff
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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