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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
2021 Englewood Rd Englewood, FL 34223-1700
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4974839
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,502 SF
Lot
0.42 ac (18,081 SF)
Zoning code
OPI
APN
0485-03-0023
UPID
US18-4974839
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
$675k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$675k
Owner & transaction history
2021 Holdings LLC · 2 yrs held
2021 Holdings LLC
since 2024
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
OPI · Englewood, 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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,040,000
Current use
RETAIL STORES
$985,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Jun 27 2024)
Last sale anchor
$675k
Jun 27 2024
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
$193 / 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
$4,388
Tax year 2023
Assessed value
$256,000
Assessed 2023
Previous assessed
$239,900
+6.7% YoY
Effective rate
1.71%
On assessed value
Assessed land
$44,400
Assessed improvement
$211,600
Land market value
$44,400
Improvement market value
$211,600
Total market value
$256,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
4
Total area
3,502 SF
Lot
0.42 ac (18,081 SF)
Zoning code
OPI
APN
0485-03-0023
UPID
US18-4974839
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Englewood, FL
Zoning OPI · permitted uses
OPI · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
OFFICE BUILDING Current
RETAIL STORES
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
2021 Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
320 BAY VIS AVE, OSPREY, FL 34229-9576
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$675,000
2021 Holdings LLC
J L K Properties INC
Warranty Deed
—
Feb 1, 2021
$280,000
Loving Care LLC
Mccullough Legal Services
Warranty Deed
—
Nov 20, 2019
—
Road,englewood 2021 Land Trust
Loving Care LLC
Correction Deed
related
—
May 22, 2019
$100
Steinie LLC
Loving Care LLC
Quit Claim Deed
related
—
Feb 26, 2014
$448,000
Loving Care LLC
Iolitibi LLC
Warranty Deed
$448,000 · Englewood Bk & Tr
Nov 12, 2010
—
Iolitibi LLC
—
Trustees Deed
related
$80,000 · Jakab Trust (pt)
Mar 29, 2005
$625,000
Iolitibi LLC
Ryan,edmond J
Warranty Deed
$500,000 · First State Bank
—
—
Iolitibi LLC
—
Deed Of Trust
related
$70,000 · Jakab Trust (pt)
—
—
Iolitibi LLC
—
Deed Of Trust
related
$132,760 · First State Bank
—
—
Iolitibi LLC
—
Deed Of Trust
related
$130,000 · Jakab Trust (tr)
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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