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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Warehouses
2033 Princeton St Sarasota, FL 34237-3423
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2006578
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,360 SF
Lot
2.01 ac (87,394 SF)
Zoning code
ICD
APN
2023-12-0098
UPID
US18-2006578
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
-
EpoxyFloorsOfSarasota.com General Contractor Renovation Specialist
-
Closed inc Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.26M
Owner & transaction history
Ivy Business Center LLC · 15 yrs held
Ivy Business Center LLC
since 2011
5 recorded transactions
Zoning & alternative use
ICD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intensive Commercial district (ICD) is intended to provide areas where a wide range of employment opportunities without potential conflicts from interspersed residential uses
Zone name
Intensive Commercial District
General category
COMMERCIAL
Zone area
207.33 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10%
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
$102 / 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
$13,825
Tax year 2023
Assessed value
$753,100
Assessed 2023
Previous assessed
$618,400
+21.8% YoY
Effective rate
1.84%
On assessed value
Assessed land
$720,600
Assessed improvement
$32,500
Land market value
$720,600
Improvement market value
$32,500
Total market value
$753,100
Applied tax rate
200.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
10
Bathrooms
6
Total area
12,360 SF
Lot
2.01 ac (87,394 SF)
Zoning code
ICD
APN
2023-12-0098
UPID
US18-2006578
Jurisdiction
SARASOTA
Zoning & alternative use
ICD · Sarasota, FLZoning ICD · permitted uses
ICD · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intensive Commercial district (ICD) is intended to provide areas where a wide range of employment opportunities without potential conflicts from interspersed residential uses
Zone name
Intensive Commercial District
General category
COMMERCIAL
Zone area
207.33 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
10
Bathrooms
6
Lot
2.01 ac
Current owner
From public records · entity-resolved
Ivy Business Center LLC
Entity
Mailing address
4233 CLARK RD STE #25, SARASOTA, FL 34233-2440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2011
$1,300,000
Ivy Business Center LLC
The Bank Of Commerce
Warranty Deed
$910,000 · Bank Of Commerce
Jan 19, 2011
—
Bank Of Commerce
Goldstein,robert C Coc
Trustees Deed
related
—
—
—
Ivy Business Center
—
Loan Modification
related
—
—
—
Robert C Goldstein
—
Deed Of Trust
related
—
—
—
Robert C Goldstein
—
Deed Of Trust
related
—
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.
Try Rey
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