Financial
Distress signals
Property profile

1800 Northgate Blvd Sarasota, FL 34234

FOR LEASE
Other warehouses
Property ID
US18-1162764
15,400 SF 1.6 ac lot Built 1996
Last sale Jun 2016 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This flex space in Gateway Industrial Park (Northgate Center Business Park) in Northgate, Sarasota is located just off US 301, south of University Parkway and north of Downtown Sarasota. Unit A9 provides approximately 1,400 square feet total, consisting of a 1,000-square-foot warehouse and a 400-square-foot office/showroom area that is open and air-conditioned. The unit includes two handicap-accessible restrooms—one located in the office/showroom area and one in the warehouse—and the warehouse

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$2.11M
Assessed land$427k
Assessed improvement$1.68M
Effective rate1.33%

Value estimate

· Sep 2026
$2.26M
$2.03M – $2.49M
CAP approach$2.46M
Sales comparison$2.12M
NOI build-up
Gross scheduled income$237k
Vacancy & credit loss−$9k
Operating expenses−$69k
NOI · 968,745.45% cap applied$160k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$116 – $237

Cap rate analysis

How does the asset earn?
968,745.45%
$160k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CI
The intent and purpose of the CI district is to permit and facilitate the proper development of high intensity commercial development
General categoryCOMMERCIAL
JurisdictionSARASOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.8
Dental Office27.8
Restaurant23.1

Location

1800 Northgate Blvd Sarasota, FL 34234
County assessor Recorded deeds · 2 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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