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Property profile & analytics
OFF-MARKET
Estimated value
$60,000
Apartment buildings
2434 Luther Rd 1 Punta Gorda, FL 33983-2734
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-0569484
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2023
Total area
2,230 SF
Lot
2.48 ac (107,900 SF)
Zoning code
RMF10 MULTI-FAMILY
APN
40-23-17-402-011
UPID
US18-0569484
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$60k
Owner & transaction history
Gust Real Estate LLC · 5 yrs held
Gust Real Estate LLC
since 2020
Last sale
$60,000
6 recorded transactions
Zoning & alternative use
RMF10 MULTI-FAMILY · Punta Gorda, 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 Punta Gorda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Punta Gorda 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
$60,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$60k
Range $54k – $66k · ±10% · vs last sale $60k (Oct 30 2020)
Last sale anchor
$60k
Oct 30 2020
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
$27 / 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
$1,438
Tax year 2023
Assessed value
$55,950
Assessed 2023
Previous assessed
$78,540
-28.8% YoY
Effective rate
2.57%
On assessed value
Land market value
$112,000
Total market value
$112,000
Applied tax rate
104.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2023
Heating
YES
Cooling
YES
Buildings
7
Total area
2,230 SF
Lot
2.48 ac (107,900 SF)
Zoning code
RMF10 MULTI-FAMILY
APN
40-23-17-402-011
UPID
US18-0569484
Jurisdiction
CHARLOTTE
Zoning & alternative use
RMF10 MULTI-FAMILY · Punta Gorda, FLZoning RMF10 MULTI-FAMILY · permitted uses
RMF10 MULTI-FAMILY · Punta Gorda, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2023
Heating
YES
Cooling
Yes
Buildings
7
Lot
2.48 ac
Current owner
From public records · entity-resolved
Gust Real Estate LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3097 NEWBURGH ST, PORT CHARLOTTE, FL 33952-6931
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$60,000
Gust Real Estate LLC
Mark W Gering
Warranty Deed
—
Jun 2, 2016
$38,000
Mark W Gering
Galilee Cattle Co LLC
Warranty Deed
$23,000 · Private Individual
Jun 18, 2013
—
Galilee Cattle Co LLC
Trapp,robert R & Christopher R
Warranty Deed
—
May 18, 2009
$30,000
Robert R Trapp
Brassel,clint E
Warranty Deed
—
Apr 29, 1997
—
Clint Brassel
Brassel,edward W & Marina
Quit Claim Deed
related
—
—
—
Edward W Brassel
—
Deed Of Trust
related
$7,500 · Individual
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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