Entity Owned Property summary
AI-generated overview
This property totals 42,747 square feet, consisting of 40,038 square feet of warehouse space and 2,709 square feet of air-conditioned office space. It is located between Downtown Sarasota and Bradenton, with proximity to Sarasota/Bradenton International Airport, and sits within a gated complex covering more than 19 acres. The warehouse features an eave height of 21 feet 5/8 inches to the bottom of the roof truss and a peak height of 23 feet 11/16 inches. Interior column spacing is 50 feet north-to-south and 41 feet east-to-west. The building includes six grade-level roll-up doors and has heavy 3-phase power available, supported by an on-site parking supply suitable for large-scale vehicle access.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
4,961 SF
Lot
19.15 ac (834,232 SF)
Zoning code
ILW
APN
0026-06-0020
UPID
US18-3931249
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Charitable Organization Social Service Agency
-
Registered General Nurse
-
Real Estate Agency
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.20M
Owner & transaction history
since 2016
7 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
General category
INDUSTRIAL
Top alternative use upside
Medical building
$2.0M
+131.5%
Retail stores
$2.0M
+129.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.20M
Value range
$1.08M – $1.32M
±10% around blend
Estimated value / SF
$242 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$1.08M
blend $1.20M
$1.32M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,961 SF
Lot area
19.15 ac
Year built
1990
Stories
1
APN
0026-06-0020
Zoning
ILW
Assessed value
$10,417,900
Annual tax
$100,818
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.16M
@ 6.5% CAP return
$1.07M
@ 7% CAP return
$990k
4
Sales comparison
Partial preview
Sales approach indication
$1.35M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.8 mi away · 3,919 SF
23.7 mi away · 5,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$172
+41%
Submarket 153 sales
$205
+18%
County 217 sales
$203
+19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $242/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+132%
vs current-use indication
Retail Stores
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
5.10%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$729k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.30M
Move the market yield to see immediate price impact.
Value / SF
$2,882
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.60%5.10%5.60%
$656k
$14.27M
$12.87M
$11.72M
$729k
$15.85M
$14.30M
$13.02M
$802k
$17.44M
$15.73M
$14.32M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.33M
1.7 mi · Dec 2025 · $333/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$100,818
Tax year 2023
Assessed value
$10,417,900
Assessed 2023
Previous assessed
$10,417,900
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$2,804,400
Assessed improvement
$7,613,500
Land market value
$2,804,400
Improvement market value
$7,613,500
Total market value
$10,417,900
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
19
Bathrooms
6
Total area
4,961 SF
Lot
19.15 ac (834,232 SF)
Zoning code
ILW
APN
0026-06-0020
UPID
US18-3931249
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FLZoning ILW · permitted uses
ILW · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
19
Bathrooms
6
Lot
19.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
ILW
INDUSTRIAL
Jurisdiction
Sarasota, FL
Recorded code
ILW
Official district
ILW
Official district profile
What the municipal code says about ILW
Zoning description
The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ILW in Sarasota, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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