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Property profile & analytics
OFF-MARKET
Industrial land
1808 Apex Rd Sarasota, FL 34240-2305
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2167762
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.79 ac (34,409 SF)
Zoning code
PID
APN
0238-06-0006
UPID
US18-2167762
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1808 Apex Road LLC · 4 yrs held
1808 Apex Road LLC
since 2022
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,784
Tax year 2023
Assessed value
$324,700
Assessed 2023
Previous assessed
$288,100
+12.7% YoY
Effective rate
1.17%
On assessed value
Assessed land
$324,700
Land market value
$324,700
Total market value
$324,700
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.79 ac (34,409 SF)
Zoning code
PID
APN
0238-06-0006
UPID
US18-2167762
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
1808 Apex Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1808 APEX RD, SARASOTA, FL 34240-2305
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
—
1808 Apex Road LLC
Richard Daniel Cornelius
Warranty Deed
—
Apr 27, 2022
—
Richard Daniel Cornelius
Richard Daniel Cornelius
Intrafamily Transfer
related
—
Apr 22, 2022
—
Richard Daniel Cornelius
Suncoast Commercial Door & Hardware
Warranty Deed
—
Jun 21, 2021
$350,000
Suncoast Commercial Door & Hardware
Apex18 Investment LLC
Warranty Deed
—
Sep 20, 2018
$192,500
Apex18 Investment LLC
Champlain LLC
Warranty Deed
—
Jan 15, 2016
$150,000
Champlain LLC
Apex Road LLC
Warranty Deed
—
Jan 28, 2014
$250,000
Apex Road LLC
Yoder,dennis L
Warranty Deed
$125,000 · Dennis L Yoder
Oct 8, 2013
$150,000
Dennis L Yoder
Ranch Holdings LP
Warranty Deed
—
Jul 22, 2010
—
J Russell Klosner
Sandpiper Of Sarasota INC
Warranty Deed
—
Jan 8, 2007
$420,000
Sandpiper Of Sarasota INC
P & Pl Investments INC
Warranty Deed
—
Dec 20, 2001
$75,000
P & Pl Investments INC
4011 Shell Road
Grant Deed
$155,000 · Landmark Bank Of Florida
Jan 25, 1999
$147,000
4011 Shell Road
Lawrence M Hankin Trustee
Grant Deed
—
Apr 1, 1997
$88,000
Lawrence M Hankin Trustee
Vsz Co
Grant 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.
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