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Property profile & analytics
FOR SALE
Manufacturing properties
215 Interstate Blvd Sarasota, FL 34240
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1817453
For Sale
1 / 2
$3,250,000
215 Interstate Blvd, Sarasota, FL 34240
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
14,997 SF
Lot
1 ac (43,569 SF)
Zoning code
ILW
APN
0216-04-0002
UPID
US18-1817453
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
-
Badger Bob's Services HVAC Service General Contractor
-
Lawrence Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.10M
Owner & transaction history
Sunshine Nova LLC · 2 yrs held
Sunshine Nova LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
ILW · 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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$2,880,000
6.5%
$2,660,000
7%
$2,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,475,000
Current use
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Jan 29 2024)
Last sale anchor
$2.10M
Jan 29 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
$140 / 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
$16,827
Tax year 2023
Assessed value
$1,079,700
Assessed 2023
Previous assessed
$1,079,700
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$376,000
Assessed improvement
$703,700
Land market value
$376,000
Improvement market value
$703,700
Total market value
$1,079,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1986
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
14,997 SF
Lot
1 ac (43,569 SF)
Zoning code
ILW
APN
0216-04-0002
UPID
US18-1817453
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FL
Zoning ILW · permitted uses
ILW · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
INDUSTRIAL (GENERAL) 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
1986
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Sunshine Nova LLC
Entity
Mailing address
2115 LYCHEE LN, NOKOMIS, FL 34275-3433
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$2,100,000
Sunshine Nova LLC
Rmk Of Sarasota LLC
Warranty Deed
—
Dec 26, 2019
—
Rmk Of Sarasota LLC
—
Deed
related
$657,615 · Regions Bk
Nov 2, 2016
—
Rmk Of Sarasota LLC
—
Deed
related
$300,000 · C Darien Davenport
Mar 12, 2012
$675,000
Rmk Of Sarasota LLC
Phoenix Ents
Warranty Deed
$550,000 · Phoenix Ents
—
—
Rmk Of Sarasota LLC
—
Deed Of Trust
related
$557,515 · Regions Bank
—
—
Rmk Of Sarasota LLC
—
Loan Modification
related
$657,615 · Regions Bk
—
—
Rmk Of Sarasota LLC
—
Deed Of Trust
related
$300,000 · C Darien Davenport
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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