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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Warehouses
321 Hague Dr Ellenton, FL 34222-3427
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-6104928
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD (JUNK, SALVAGE)
Year built
1957
Construction
TYPE NOT SPECIFIED
Total area
3,168 SF
Lot
60.92 ac (2,653,675 SF)
Zoning code
RSMH-6
APN
8307.0000-1
UPID
US18-6104928
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$660k
Owner & transaction history
Mhc Colony Cove Acquisition Ll · 12 yrs held
Mhc Colony Cove Acquisition Ll
since 2014
4 recorded transactions
Zoning & alternative use
RSMH-6 · Ellenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+51.0%
Office building
$525,000
+49.4%
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 Ellenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellenton 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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$535,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$208 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$322,652
Tax year 2022
Assessed value
$17,940,860
Assessed 2023
Previous assessed
$17,940,860
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$6,472,750
Assessed improvement
$11,468,110
Land market value
$6,472,750
Improvement market value
$11,468,110
Total market value
$17,940,860
Applied tax rate
1.0000
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
STORAGE YARD (JUNK, SALVAGE)
Status
Off-Market
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Stories
1
Units
367
Total area
3,168 SF
Lot
60.92 ac (2,653,675 SF)
Zoning code
RSMH-6
APN
8307.0000-1
UPID
US18-6104928
Jurisdiction
MANATEE
Zoning & alternative use
RSMH-6 · Ellenton, FL
Zoning RSMH-6 · permitted uses
RSMH-6 · Ellenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING
Est. value
$525,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1957
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
367
Lot
60.92 ac
Current owner
From public records · entity-resolved
Mhc Colony Cove Acquisition Ll
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 617877, CHICAGO, IL 60661
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2014
—
Mhc Colony Cove LLC
—
Loan Modification
related
$115,000,000 · Miscellaneous Ins Co
Mar 13, 2014
$11,414,000
Mhc Colony Cove Acquisition Ll
Edmonds Trust 4
Grant Deed
—
Mar 13, 2014
—
Mhc Colony Cove Acquisition Ll
Edmonds Trust 4
Quit Claim Deed
related
—
Aug 9, 2011
—
Mhc Colony Cove LLC
Colony Cove Spe LLC
Quit Claim Deed
related
—
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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