New search
Property profile & analytics
OFF-MARKET
Flex space
2225 Industrial Blvd Sarasota, FL 34234-3119
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1204680
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
FRAME
Total area
11,131 SF
Lot
1.24 ac (53,838 SF)
Zoning code
ILW
APN
0023-11-0003
UPID
US18-1204680
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
-
NuFlow East Coast Training Center Training Center
-
Sarasota Arch Salvage Waste Management Facility Recycling Center
-
ICONIC Stone Design Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Del T Halverson LLC · 3 yrs held
Del T Halverson LLC
since 2023
Last sale
$446,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,176
Tax year 2023
Assessed value
$810,800
Assessed 2023
Previous assessed
$810,800
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$318,800
Assessed improvement
$492,000
Land market value
$318,800
Improvement market value
$492,000
Total market value
$810,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
4
Total area
11,131 SF
Lot
1.24 ac (53,838 SF)
Zoning code
ILW
APN
0023-11-0003
UPID
US18-1204680
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.
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
4
Lot
1.24 ac
Current owner
From public records · entity-resolved
Del T Halverson LLC
Entity
Mailing address
4800 COUNTY RD H H, CALEDONIA, WI 53126-9491
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Del T Halverson LLC
Del T Halverson
Intrafamily Transfer
related
$500,000 · Crews Bank & Trust
Jun 15, 2004
$446,000
Del T Halverson
Wise,carl S & Paula H
Grant Deed
$180,000 · Northern Trust Bank Of Florida
Apr 22, 1999
$360,000
Carl S Wise
Goldstein,robert C
Grant Deed
$320,000 · Seller
—
—
Del T Halverson
—
Deed Of Trust
related
$188,000 · Insignia Bank
—
—
Carl S Wise
—
Deed Of Trust
related
$15,000 · Premier Community Bank
—
—
Carl S Wise
—
Deed Of Trust
related
$80,000 · Iltis Lending Group
—
—
Del T Halverson
—
Loan Modification
related
$50,000 · Centennial Bk
—
—
Del T Halverson
—
Loan Modification
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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