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Property profile & analytics
FOR LEASE
Warehouses
1800 Northgate Blvd Sarasota, FL 34234
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1162764
For Lease
1 / 2
Contact for pricing
1800 Northgate Blvd, Sarasota, FL 34234
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
15,400 SF
Lot
1.6 ac (69,787 SF)
Zoning code
CI
APN
0026-08-0005
UPID
US18-1162764
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
-
Advanced Aesthetic Resources Production Facility
-
Sarasota Box Office Event Planning
-
KingzCrete Construction LLC General Contractor
-
Domenico Belli studio Sculpture
-
Jetthrusterus.com Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.26M
Owner & transaction history
1800 Northgate LLC · 10 yrs held
1800 Northgate LLC
since 2016
2 recorded transactions
Zoning & alternative use
CI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent and purpose of the CI district is to permit and facilitate the proper development of high intensity commercial development
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
91.35 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,665,000
6.5%
$2,460,000
7%
$2,280,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,645,000
Current use
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10%
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
$147 / 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
$28,094
Tax year 2023
Assessed value
$2,106,700
Assessed 2023
Previous assessed
$1,792,100
+17.6% YoY
Effective rate
1.33%
On assessed value
Assessed land
$427,400
Assessed improvement
$1,679,300
Land market value
$427,400
Improvement market value
$1,679,300
Total market value
$2,106,700
Applied tax rate
4,200.0000
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
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1996
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
30
Bathrooms
30
Total area
15,400 SF
Lot
1.6 ac (69,787 SF)
Zoning code
CI
APN
0026-08-0005
UPID
US18-1162764
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FLZoning CI · permitted uses
CI · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent and purpose of the CI district is to permit and facilitate the proper development of high intensity commercial development
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
91.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
WAREHOUSE, STORAGE Current
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
1996
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
30
Bathrooms
30
Lot
1.6 ac
Current owner
From public records · entity-resolved
1800 Northgate LLC
Entity
Free & Clear · 10 yrs held
Mailing address
8730 GEORGIA AVE STE #502, SILVER SPRING, MD 20910-3965
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2016
—
1800 Northgate LLC
Bellamah,andrew R & Gladis E
Warranty Deed
—
Jun 1, 2016
$1,400,000
Andrew R Bellamah
Mario Comparetto LLC
Warranty Deed
—
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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