Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,265,000
Flex space
2221 Murphy Ct North Port, FL 34289-9314
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-1861379
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
25,040 SF
Lot
3.05 ac (132,832 SF)
Zoning code
ILW
APN
0962-11-0020
UPID
US18-1861379
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.44M
Comparable Approach
Comparable
$7.46M
Blend (final)
Blend
$6.27M
Owner & transaction history
North Port Land Holdings Adams · 15 yrs held
North Port Land Holdings Adams
since 2010
7 recorded transactions
Zoning & alternative use
ILW · North Port, 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 North Port submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Port 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%
$4,810,000
6.5%
$4,440,000
7%
$4,125,000
Blend value · Realmo final
$6.27M
Range $5.64M – $6.89M · ±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
$250 / 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
$43,544
Tax year 2023
Assessed value
$2,897,500
Assessed 2023
Previous assessed
$2,643,700
+9.6% YoY
Effective rate
1.50%
On assessed value
Assessed land
$466,100
Assessed improvement
$2,431,400
Land market value
$466,100
Improvement market value
$2,431,400
Total market value
$2,897,500
Applied tax rate
500.0000
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
2000
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
25,040 SF
Lot
3.05 ac (132,832 SF)
Zoning code
ILW
APN
0962-11-0020
UPID
US18-1861379
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · North Port, FL
Zoning ILW · permitted uses
ILW · North Port, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Port. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.05 ac
Current owner
From public records · entity-resolved
North Port Land Holdings Adams
Entity
Free & Clear · 15 yrs held
Mailing address
2221 MURPHY CT, NORTH PORT, FL 34289-9314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2013
—
North Port Land Holdings Adams
—
Deed Of Trust
related
$1,850,000 · Fifth Third Bank
Dec 17, 2010
$1,920,000
North Port Land Holdings Adams
Uebelacker,matthew M & Diana R
Warranty Deed
—
Dec 17, 2010
—
Matthew M Uebelacker
—
Deed Of Trust
related
$1,920,000 · Charlotte State Bank
Aug 27, 1999
$310,000
Matthew M Uebelacker
North Port Park Of Commerce Lc
Grant Deed
—
Apr 27, 1999
$782,900
North Port Park Of Commerce Lc
Progress Trust
Grant Deed
$1,000,000 · Fifth Third Bank
—
—
Matthew M Uebelacker
—
Deed Of Trust
related
$1,352,000 · Charlotte State Bank
—
—
Busy Bee Cabinets INC
—
Deed Of Trust
related
$400,000 · Charlotte State Bank
—
—
Matthew M Uebelacker
—
Deed Of Trust
related
$250,000 · Charlotte State Bank
—
—
Matthew M Uebelacker
—
Deed Of Trust
related
$126,000 · Charlotte State Bank
—
—
Busy Bee Cabinets INC
—
Deed Of Trust
related
$633,000 · Charlotte State Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2221 Murphy Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
