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Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Flex space
2151 Whitfield Industrial Way Sarasota, FL 34243-4047
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4832665
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Construction
CONCRETE
Total area
38,960 SF
Lot
1.56 ac (67,779 SF)
Zoning code
HM
APN
18683.0740-4
UPID
US18-4832665
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
-
Ackerman Plumbing Inc Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.81M
CAP Approach
CAP
$5.04M
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$4.70M
Owner & transaction history
Screp II Ind Spe LLC · 1 yrs held
Screp II Ind Spe LLC
since 2025
Last sale
$6.0M
4 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
$3,730,000
ML approach
$3,810,000
CAP Approach
CAP Return
Estimation
6%
$5,465,000
6.5%
$5,040,000
7%
$4,680,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,885,000
Current use
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±10% · vs last sale $6.00M (Nov 24 2024)
Last sale anchor
$6.00M
Nov 24 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
$121 / 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
$50,112
Tax year 2023
Assessed value
$2,913,187
Assessed 2023
Previous assessed
$2,719,217
+7.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$357,884
Assessed improvement
$2,555,303
Land market value
$357,884
Improvement market value
$2,555,303
Total market value
$2,913,187
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Total area
38,960 SF
Lot
1.56 ac (67,779 SF)
Zoning code
HM
APN
18683.0740-4
UPID
US18-4832665
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Screp II Ind Spe LLC
Entity
Free & Clear · 1 yrs held
Mailing address
19433 NEWLANE PL, BRADENTON, FL 34202-4612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
$6,000,000
Screp II Ind Spe LLC
Ej Ackerman Properties LLC
Warranty Deed
—
Nov 8, 2023
$3,450,000
E J Ackerman Properties LLC
Kruse Brothers Investments INC
Warranty Deed
$2,587,500 · Gulfside Bank
Sep 22, 1998
$922,000
Kruse Brothers Investments INC
Hoveround Corp
Grant Deed
—
—
—
Hoveround Corp
—
Deed Of Trust
related
$1,500,000 · Bankboston NA Ttee
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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