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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Warehouses
279 Interstate Ct Sarasota, FL 34240-9496
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2352753
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,864 SF
Lot
0.5 ac (21,789 SF)
Zoning code
ILW
APN
0216-04-0007
UPID
US18-2352753
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
-
Traditional Aikido of Sarasota Sports School
-
Northeast Kingdom Jiu-Jitsu Training Center Sports School
-
Coastal Audio Video Electronics & Wireless Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$950k
Owner & transaction history
Interstate 18 LLC · 7 yrs held
Interstate 18 LLC
since 2019
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,430,000
Current use
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$138 / 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
$10,812
Tax year 2023
Assessed value
$829,300
Assessed 2023
Previous assessed
$640,000
+29.6% YoY
Effective rate
1.30%
On assessed value
Assessed land
$254,000
Assessed improvement
$575,300
Land market value
$254,000
Improvement market value
$575,300
Total market value
$829,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
12
Bathrooms
6
Total area
6,864 SF
Lot
0.5 ac (21,789 SF)
Zoning code
ILW
APN
0216-04-0007
UPID
US18-2352753
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
WAREHOUSE, STORAGE 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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
6
Lot
0.5 ac
Current owner
From public records · entity-resolved
Interstate 18 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10828 FRST RUN DR, BRADENTON, FL 34211-9742
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jun 21, 2019
$100
Interstate 18 LLC
Interstate 18 LLC
Warranty Deed
related
—
Jun 23, 2017
$1,390,100
9597 4th Street N LLC
F & H Properties Sarasota LLC
Warranty Deed
—
May 4, 2015
$600,000
F & H Properties Sarasota LLC
Cohn Michael Z & Marjorie L
Warranty Deed
$444,500 · Michael Z & Marjorie L Cohn
—
—
M & M Management Company
—
Deed Of Trust
related
$182,000 · West Coast Bank
—
—
F & H Properties Sarasota LLC
—
Deed Of Trust
related
$930,000 · Sabal Palm Bk
—
—
F & H Properties Sarasota LLC
—
Deed Of Trust
related
$30,000 · Sabal Palm 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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