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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Warehouses
2885 Commerce Pkwy North Port, FL 34289-9321
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-3926356
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
18,920 SF
Lot
1.53 ac (66,442 SF)
Zoning code
PCDN
APN
0961-13-0440
UPID
US18-3926356
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
$2.08M
Owner & transaction history
North Port Commerce Ptrs LLC · 20 yrs held
North Port Commerce Ptrs LLC
since 2006
6 recorded transactions
Zoning & alternative use
PCDN · North Port, 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 North Port submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Port 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
$110 / 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
$22,537
Tax year 2023
Assessed value
$1,475,000
Assessed 2023
Previous assessed
$1,439,400
+2.5% YoY
Effective rate
1.53%
On assessed value
Assessed land
$270,900
Assessed improvement
$1,204,100
Land market value
$270,900
Improvement market value
$1,204,100
Total market value
$1,475,000
Applied tax rate
500.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Stories
1
Total area
18,920 SF
Lot
1.53 ac (66,442 SF)
Zoning code
PCDN
APN
0961-13-0440
UPID
US18-3926356
Jurisdiction
SARASOTA
Zoning & alternative use
PCDN · North Port, FL
Zoning PCDN · permitted uses
PCDN · North Port, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Port. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
North Port Commerce Ptrs LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 62670, FORT MYERS, FL 33906-2670
Ownership since
2006
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
Nov 1, 2019
—
North Port Cmrc Ptrs LLC
—
Deed
related
$1,620,000 · Capital Mortgage Solutions Ltd
Feb 13, 2006
—
North Port Commerce Ptrs LLC
4-m Properties
Quit Claim Deed
related
—
Jan 15, 2003
—
4-m Properties
—
Trustees Deed
related
$1,600,000 · Old Florida Bank
May 20, 2002
$230,600
4-m Properties
North Port Park Of Commerce Lc
Grant Deed
—
—
—
North Port Cmrc Ptrs LLC
—
Deed Of Trust
related
$1,620,000 · Capital Mortgage Solutions Ltd
—
—
North Port Commerce Ptrs LLC
—
Deed Of Trust
related
$1,025,000 · Sun Life Assurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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