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Property profile & analytics
OFF-MARKET
Estimated value
$3,535,000
Flex space
2420 Trailmate Dr Sarasota, FL 34243-4069
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4895466
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
CONCRETE
Total area
32,553 SF
Lot
2.16 ac (94,090 SF)
Zoning code
HM
APN
18498.2035-0
UPID
US18-4895466
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
-
Cortec Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$3.54M
Owner & transaction history
Miksic Realty LLC · 12 yrs held
Miksic Realty LLC
since 2014
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,565,000
6.5%
$4,215,000
7%
$3,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,920,000
Current use
Blend value · Realmo final
$3.54M
Range $3.18M – $3.89M · ±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
$109 / 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
$39,439
Tax year 2023
Assessed value
$2,250,219
Assessed 2023
Previous assessed
$2,179,599
+3.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$447,406
Assessed improvement
$1,802,813
Land market value
$447,406
Improvement market value
$1,802,813
Total market value
$2,250,219
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
32,553 SF
Lot
2.16 ac (94,090 SF)
Zoning code
HM
APN
18498.2035-0
UPID
US18-4895466
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
$4.9M
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Miksic Realty LLC
Entity
Mailing address
4119 WHITE BEAR PKWY, SAINT PAUL, MN 55110-7634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
—
Miksic Realty LLC
—
Deed
related
$783,000 · Us Bank NA
Apr 22, 2020
—
Miksic Realty LLC
—
Deed
related
$1,818,343 · Us Bk
Jul 24, 2017
—
Miksic Realty LLC
—
Deed
related
$2,000,000 · Us Bk
May 15, 2014
$1,400,000
Miksic Realty LLC
2420 Trailmate LLC
Warranty Deed
$1,120,000 · Us Bank NA
Jul 7, 2004
$1,700,000
2420 Trailmate LLC
Trailmate Investment Group INC
Warranty Deed
related
$1,445,000 · Coast Bank Of Florida
Dec 22, 2000
$1,350,000
Trailmate Investment Group INC
Cfi Manufacturing INC
Grant Deed
$1,000,000 · Sarasota Commercial Lending
—
—
2420 Trailmate LLC
—
Deed Of Trust
related
$1,000,000 · Coast Bank Of Florida
—
—
Miksic Realty LLC
—
Loan Modification
related
$1,818,343 · Us Bk
—
—
Miksic Realty LLC
—
Loan Modification
related
$2,000,000 · Us Bk
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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