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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
1810 Seeds Ave Sarasota, FL 34234-1923
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1436507
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,784 SF
Lot
0.27 ac (11,800 SF)
Zoning code
CI
APN
0043-14-0002
UPID
US18-1436507
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
-
M&M Motorsports LLC Auto Parts Store
-
Choice Marine Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$515k
Owner & transaction history
Steel Dog Holdings LLC · 4 yrs held
Steel Dog Holdings LLC
since 2021
Last sale
$459,000
3 recorded transactions
Zoning & alternative use
CI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$665,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$480,000
Current use
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $459k (Aug 2 2021)
Last sale anchor
$459k
Aug 2 2021
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
$185 / 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
$4,103
Tax year 2023
Assessed value
$292,800
Assessed 2023
Previous assessed
$217,900
+34.4% YoY
Effective rate
1.40%
On assessed value
Assessed land
$212,300
Assessed improvement
$80,500
Land market value
$212,300
Improvement market value
$80,500
Total market value
$292,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
1
Bathrooms
1
Total area
2,784 SF
Lot
0.27 ac (11,800 SF)
Zoning code
CI
APN
0043-14-0002
UPID
US18-1436507
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$480,000
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Steel Dog Holdings LLC
Entity
Mailing address
2704 BEE RDG RD STE #208, SARASOTA, FL 34239-6403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
$459,000
Steel Dog Holdings LLC
Choice Marine Service INC
Warranty Deed
—
Jun 13, 2019
—
Robert A Lehman
—
Deed
related
$170,000 · Sabal Palm Bank
Jun 26, 2001
$140,000
Choice Marine Service INC
Matin,danny D & Timothy S
Grant Deed
$112,000 · Southtrust Bank NA
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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