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    Property profile & analytics

    2200 Murphy Ct North Port, FL 34289

    • Warehouses
    • 34,062 SF
    • 2.72 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    May 28, 2024
    $7,500,000
    Value Estimations
    $7,500,000
    Cap Rate Potential
    6.4%
    Warehouses
    Location Intelligence
    Property ID
    US18-5166418
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 2200 Murphy Ct

    Year built
    2004
    Lot size
    2.72 lot acres
    Property size
    34,062 SF
    Zone code
    ILW
    Property type
    Warehouses
    APN
    0962-11-0060
    APU
    962110060

    Description

    This single-tenant industrial facility, located at 2200 Murphy Ct, North Port, FL 34289, offers 41,495 square feet of space. Built in 2004, this one-story building sits on a 2.72-acre lot and features a 25-foot clear ceiling height, ideal for various operational needs. The property boasts 13 overhead doors (12' x 14'), a loading dock with a 10' x 10' overhead door, and 6,000 square feet of dedicated office space. Three-phase power ensures ample energy capacity. The property is zoned ILW (Industrial, Light, and Warehousing) and is conveniently located near I-75 in Sarasota County. Available for sublease in late fall/early summer 2025, this property presents a significant opportunity for businesses requiring substantial industrial space in the North Port area. The property's features include efficient loading and unloading capabilities, ample storage, and on-site administrative space. Its strategic location and robust infrastructure make it an attractive option for a variety of industrial and distribution businesses. The Sarasota County location and proximity to I-75 offer excellent access to transportation networks. The APN is 0962110060.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,500,000
      ML approach
      $7,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,950,000
      6.5%
      $7,340,000
      7%
      $6,815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,567,000
      Market price range: $3.81M - $9.33M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,275,000
      Current use
      MEDICAL BUILDING
      $11,410,000
      Change: +82% Conversion: Difficult
      RETAIL STORES
      $10,015,000
      Change: +60% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.1589
    Latitude
    27.0796
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,663
    $424,100
    $2,376,800
    $2,800,900
    -
    $424,100
    $2,376,800
    $2,800,900

    Comparable in this City

    • Value Estimation
      $3,310,000
      33,563 SF

      1001 Corporate Ave

      MINI-WAREHOUSE, STORAGE • 33,563 SF
      1001 Corporate Ave, North Port, FL 34289-9307
      View Details
    • Value Estimation
      $3,510,000
      35,280 SF

      2625 Commerce Pkwy

      MINI-WAREHOUSE, STORAGE • 35,280 SF
      2625 Commerce Pkwy, North Port, FL 34289-9347
      View Details
    • Value Estimation
      $1,540,000
      7,560 SF

      2845 Commerce Pkwy

      WAREHOUSE, STORAGE • 7,560 SF
      2845 Commerce Pkwy, North Port, FL 34289-9303
      View Details
    • Value Estimation
      $2,080,000
      18,920 SF

      2885 Commerce Pkwy

      WAREHOUSE, STORAGE • 18,920 SF
      2885 Commerce Pkwy, North Port, FL 34289-9321
      View Details
    • Value Estimation
      $3,890,000
      38,350 SF

      2226 Murphy Ct

      WAREHOUSE, STORAGE • 38,350 SF
      2226 Murphy Ct, North Port, FL 34289-9302
      View Details
    • Value Estimation
      $5,805,000
      30,000 SF

      1075 Gtwy Ave

      WAREHOUSE, STORAGE • 30,000 SF
      1075 Gtwy Ave, North Port, FL 34289-1200
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      Pending

      Toledo Blade Boulevard Mixed-Use Parcel

      Mixed-use parcel available for lease near I-75.
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    Similar Nearby for Lease

    • $16 SF/Yr

      Industrial Warehouse Facility For Sublease

      15,000 SF industrial/warehouse facility with excellent access and exposure.
      2529 Commerce Pkwy, North Port, FL 34289
      View Details
    • $16 SF/Yr
      41,495 SF

      North Port Industrial Warehouse

      41,495 SF Warehouse, Office Space, Great Location
      2200 Murphy Ct, North Port, FL 34289
      View Details
    • $20 SF/Yr

      Versatile Flex Space Near I-75

      Flex space with office and warehouse, near major highways.
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      View Details
    • $17 SF/Yr

      Flex Space Near I-75

      Flex space in North Port Park of Commerce, close to I-75.
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      View Details
    • $22 SF/Yr

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      New flex space with convenient interstate access, available December 2026.
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    • $17 SF/Yr
      1,653 SF

      North Port Flex/Industrial Space

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      View Details
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    North Port, FL 34289
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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