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Property profile & analytics
OFF-MARKET
Estimated value
$8,995,000
Strip malls
2438 Laurel E Rd Nokomis, FL 34275-3204
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-7796879
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,600 SF
Lot
9.31 ac (405,478 SF)
Zoning code
LW
APN
0385-01-0016
UPID
US18-7796879
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
-
Publix Super Market at Plaza Venezia Specialty Food Shop Supermarket
-
City National Bank - Presto ATM Bank Loan Service
-
Western Union Bank Credit Union
-
higi Medical Clinic
-
Publix Pharmacy at Plaza Venezia Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.00M
Owner & transaction history
Real Sub LLC · 10 yrs held
Real Sub LLC
since 2016
2 recorded transactions
Zoning & alternative use
LW · Nokomis, 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 Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis 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%
$13,445,000
6.5%
$12,410,000
7%
$11,525,000
Blend value · Realmo final
$9.00M
Range $8.10M – $9.89M · ±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
$197 / 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
$172,816
Tax year 2023
Assessed value
$11,359,000
Assessed 2023
Previous assessed
$11,051,100
+2.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$3,049,200
Assessed improvement
$8,309,800
Land market value
$3,049,200
Improvement market value
$8,309,800
Total market value
$11,359,000
Applied tax rate
300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
45,600 SF
Lot
9.31 ac (405,478 SF)
Zoning code
LW
APN
0385-01-0016
UPID
US18-7796879
Jurisdiction
SARASOTA
Zoning & alternative use
LW · Nokomis, FLZoning LW · permitted uses
LW · Nokomis, 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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
9.31 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2016
$15,450,000
Real Sub LLC
Laurel Pinebrook LLC
Grant Deed
—
Dec 31, 2012
$1,900,000
Laurel Pinebrook LLC
Princeton Laurel Land Company LLC
Special Warranty Deed
$10,940,000 · Wells Fargo Bank NA
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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