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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Flex space
1851 67th E Ave Sarasota, FL 34243-4149
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7952172
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Total area
49,350 SF
Lot
4.08 ac (177,855 SF)
Zoning code
HM
APN
18514.0110-9
UPID
US18-7952172
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
-
Coating Application Technologies, Inc. Powder Coating Service Sandblasting Service
-
Fusion Powder Coating Powder Coating Service
-
Cat Sandblasting & powdercoating Powder Coating Service Sandblasting Service
-
Casual Craft Patio Furniture Powder Coating Service Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$4.15M
Owner & transaction history
Florida First Capital Finance Corp · 4 yrs held
Florida First Capital Finance Corp
since 2022
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
HM · 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
$4,330,000
ML approach
$4,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $3.00M (Nov 12 2021)
Last sale anchor
$3.00M
Nov 12 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
$84 / 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
$45,366
Tax year 2023
Assessed value
$2,251,008
Assessed 2023
Previous assessed
$2,028,654
+11.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$242,078
Assessed improvement
$2,008,930
Land market value
$242,078
Improvement market value
$2,008,930
Total market value
$2,251,008
Applied tax rate
303.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
49,350 SF
Lot
4.08 ac (177,855 SF)
Zoning code
HM
APN
18514.0110-9
UPID
US18-7952172
Jurisdiction
MANATEE
Zoning & alternative use
HM · Sarasota, FL
Zoning HM · permitted uses
HM · 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.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Free & Clear · 4 yrs held
Mailing address
1851 67TH AVE E UNIT #2, SARASOTA, FL 34243-4149
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$1,255,000
Florida First Capital Finance Corp
Coating Application Technologies In
Assignment Of Lease (leasehold Sale)
—
Nov 12, 2021
$3,000,000
Coating Properties LLC
H Bakker LLC
Warranty Deed
$1,523,200 · South State Bank NA
Jun 8, 2006
$653,400
Central Park Of Commerce LLC
H Bakker LLC
Warranty Deed
$4,555,000 · First Priority Bk
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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