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Property profile & analytics
FOR LEASE
Warehouses
2147 Porter Lake Dr Sarasota, FL 34240
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3270178
For Lease
$16.80 SF/Yr
2147 Porter Lake Dr, Sarasota, FL 34240
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
22,148 SF
Lot
1.39 ac (60,718 SF)
Zoning code
PID
APN
0238-13-0002
UPID
US18-3270178
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
-
Florida Concealed Carry Classes & Safety Training Gun Classes Sarasota Training Center Vocational School
-
Neat Print Inc (Bike/Boat/Book/etc) Store Printing Service
-
SignatureTshirts Clothing Store
-
Tadlock Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
$3.54M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.63M
Owner & transaction history
Mms2 Properties LLC · 6 yrs held
Mms2 Properties LLC
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
PID · 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
$3,635,000
ML approach
$3,570,000
CAP Approach
CAP Return
Estimation
6%
$3,830,000
6.5%
$3,535,000
7%
$3,280,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,610,000
Current use
Blend value · Realmo final
$3.63M
Range $3.26M – $3.99M · ±10% · vs last sale $2.21M (Apr 30 2020)
Last sale anchor
$2.21M
Apr 30 2020
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
$164 / 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
$28,158
Tax year 2023
Assessed value
$2,031,000
Assessed 2023
Previous assessed
$1,698,900
+19.5% YoY
Effective rate
1.39%
On assessed value
Assessed land
$479,000
Assessed improvement
$1,552,000
Land market value
$479,000
Improvement market value
$1,552,000
Total market value
$2,031,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1990
Heating
YES
Cooling
YES
Stories
1
Rooms
14
Bathrooms
14
Total area
22,148 SF
Lot
1.39 ac (60,718 SF)
Zoning code
PID
APN
0238-13-0002
UPID
US18-3270178
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Sarasota, FL
Zoning PID · permitted uses
PID · 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
$4.6M
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
1990
Heating
YES
Cooling
Yes
Stories
1
Rooms
14
Bathrooms
14
Lot
1.39 ac
Current owner
From public records · entity-resolved
Mms2 Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2025 PORTER LK DR, SARASOTA, FL 34240-8834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2020
$2,211,900
Mms2 Properties LLC
Michael B Schwartz
Grant Deed
—
Apr 30, 2020
—
Mms2 Properties LLC
—
Deed
related
$2,355,000 · Centerstate Bk NA
Jun 26, 2019
$100
Michael B Schwartz
Schwartz Manny Living Trust
Grant Deed
related
—
Jun 21, 2019
$100
Schwartz,manny Living Trust
Schwartz Manny M
Grant Deed
—
Nov 29, 2010
—
Mms Properties LLP
—
Deed Of Trust
related
$3,132,243 · Landmark Bank Of Florida
Oct 14, 2010
—
Mms Properties LLP
—
Deed Of Trust
related
$3,132,243 · Landmark Bank Of Florida
Oct 8, 2009
—
Mms Properties LLP
—
Deed Of Trust
related
$3,187,148 · Landmark Bank Of Florida
—
—
Mms2 Properties LLC
—
Loan Modification
related
$2,355,000 · Centerstate Bk NA
—
—
Manny Schwartz
—
Deed Of Trust
related
$995,599 · Landmark Bank Of Florida
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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