Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,380,000
Manufacturing properties
1800 University Pkwy Sarasota, FL 34243-2247
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7741757
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
103,400 SF
Lot
7.5 ac (326,887 SF)
Zoning code
ILW
APN
0024-02-0002
UPID
US18-7741757
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
-
Pascale Engineering LLC Engineer
-
Herald-Tribune Publishing House Newspaper & Magazine
-
Sublimation & Stitch Printing Service (Bike/Boat/Book/etc) Store
-
Sarasota Fl Warehouse & Storage
-
Apparel Forge Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.77M
Blend (final)
Blend
$10.38M
Owner & transaction history
1800 University Pkwy Owner LLC · 4 yrs held
1800 University Pkwy Owner LLC
since 2022
Last sale
$9.0M
6 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 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
$11,990,000
ML approach
$11,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,620,000
Current use
Blend value · Realmo final
$10.38M
Range $9.34M – $11.42M · ±10% · vs last sale $9.00M (Feb 24 2022)
Last sale anchor
$9.00M
Feb 24 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
$100 / 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
$83,005
Tax year 2023
Assessed value
$7,178,000
Assessed 2023
Previous assessed
$7,178,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,989,600
Assessed improvement
$5,188,400
Land market value
$1,989,600
Improvement market value
$5,188,400
Total market value
$7,178,000
Applied tax rate
100.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Bathrooms
4
Total area
103,400 SF
Lot
7.5 ac (326,887 SF)
Zoning code
ILW
APN
0024-02-0002
UPID
US18-7741757
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FLZoning ILW · permitted uses
ILW · 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 ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$15.6M
INDUSTRIAL (GENERAL) 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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
7.5 ac
Current owner
From public records · entity-resolved
1800 University Pkwy Owner LLC
Entity
Mailing address
10275 W HIGGINS RD STE #810, ROSEMONT, IL 60018-5601
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
$8,996,300
1800 University Pkwy Owner LLC
Usip III Sarasota LLC
Special Warranty Deed
$374,000,000 · Citi Real Estate Funding INC
Oct 24, 2017
$6,593,500
Usip III Sarasota LLC
Ub III University LLC
Grant Deed
$120,537,149 · Barclays Bk/plc
Jul 17, 2013
$5,196,900
Ub III University LLC
Nl Ventures Viii Univ LLC
Trustees Deed
$99,900,000 · Royal Bk/scotland Plc
Jan 17, 2012
$2,250,000
Nl Ventures Viii Univ LLC
New York Times Co
Grant Deed
—
Jan 17, 2012
—
Nl Ventures Viii Univ LLC
Nyt Management Services INC
Quit Claim Deed
related
—
—
—
Nl Ventures Viii Univ LLC
—
Deed Of Trust
related
$2,925,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1800 University Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
