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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Manufacturing properties
1805 Apex Rd Sarasota, FL 34240-2306
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5593837
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
16,000 SF
Lot
1.3 ac (56,458 SF)
Zoning code
PID
APN
0238-06-0002
UPID
US18-5593837
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
-
Super-Sensitive Musical String Co. Industrial Manufacturer Production Facility
-
Manufacturing Facility not a retail store. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.91M
Owner & transaction history
Sarasota Cnty · 5 yrs held
Sarasota Cnty
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
PID · Sarasota, FL
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
$3,125,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$3,075,000
6.5%
$2,840,000
7%
$2,635,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,705,000
Current use
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10% · vs last sale $1.90M (Sep 25 2020)
Last sale anchor
$1.90M
Sep 25 2020
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
$182 / 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
Assessed value
$1,791,200
Assessed 2023
Previous assessed
$1,753,800
+2.1% YoY
Assessed land
$453,400
Assessed improvement
$1,337,800
Land market value
$453,400
Improvement market value
$1,337,800
Total market value
$1,791,200
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
1997
Heating
YES
Cooling
YES
Stories
1
Total area
16,000 SF
Lot
1.3 ac (56,458 SF)
Zoning code
PID
APN
0238-06-0002
UPID
US18-5593837
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Sarasota, FLZoning PID · permitted uses
PID · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
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
1997
Heating
YES
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Sarasota Cnty
Individual
Mailing address
PO BOX 8TH 8, SARASOTA, FL 34230-0008
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
$1,900,000
Sarasota Cnty
Alnic Properties LLC
Warranty Deed
—
Sep 25, 2020
—
Alnic Properties LLC
Cavanaugh V J & S L F/tr
Correction Deed
related
—
Sep 2, 2020
—
Cavanaugh,v J & S L Fam Trust
John V Cavanaugh
Correction Deed
related
—
Jul 15, 2019
—
Alnic Propereties LLC A Flokida LLC
—
Deed
related
$455,000 · A&d Mortgage LLC
Oct 15, 2018
$100
Alnic Properties LLC
Cavanaugh V J & S L F/tr
Grant Deed
—
—
—
Cavanaugh,john V Tr
—
Deed Of Trust
related
$9,735 · American Bank
—
—
John V Cavanaugh Trustee
—
Deed Of Trust
related
$200,000 · American Bank
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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