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Property profile & analytics
OFF-MARKET
Estimated value
$8,020,000
Warehouses
3500 Laurel E Rd, North Venice, FL 34275-3269
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5345064
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,600 SF
Lot
3.22 ac (140,431 SF)
Zoning code
LE
APN
0387-01-0005
UPID
US18-5345064
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.92M
CAP Approach
CAP
$8.56M
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$8.02M
Owner & transaction history
Ps Florida One INC · 6 yrs held
Ps Florida One INC
since 2020
Last sale
$6.8M
5 recorded transactions
Zoning & alternative use
LE · North Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Venice 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
$10,190,000
ML approach
$8,920,000
CAP Approach
CAP Return
Estimation
6%
$9,265,000
6.5%
$8,555,000
7%
$7,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,880,000
Current use
Blend value · Realmo final
$8.02M
Range $7.22M – $8.82M · ±10% · vs last sale $6.75M (Apr 15 2020)
Last sale anchor
$6.75M
Apr 15 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
$150 / 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
$93,725
Tax year 2023
Assessed value
$6,464,300
Assessed 2023
Previous assessed
$6,464,300
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$735,100
Assessed improvement
$5,729,200
Land market value
$735,100
Improvement market value
$5,729,200
Total market value
$6,464,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Rooms
7
Bathrooms
3
Total area
53,600 SF
Lot
3.22 ac (140,431 SF)
Zoning code
LE
APN
0387-01-0005
UPID
US18-5345064
Jurisdiction
SARASOTA
Zoning & alternative use
LE · North Venice, FL
Zoning LE · permitted uses
LE · North Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Venice. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.9M
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Rooms
7
Bathrooms
3
Lot
3.22 ac
Current owner
From public records · entity-resolved
Ps Florida One INC
Entity
Free & Clear · 6 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2020
$6,750,000
Ps Florida One INC
Laurel Road Storage LLC
Warranty Deed
—
Feb 12, 2020
—
Laurel Commons LLC
Laurel Road Storage LLC
Quit Claim Deed
related
—
May 2, 2016
$1,525,000
Laurel Road Storage LLC
Knights Associates Lllp
Warranty Deed
—
May 16, 2005
$2,550,000
Knights Associates Lllp
One Putt Associates Ltd
Warranty Deed
—
Jul 12, 2000
$635,000
Michael C Herdey
Hackett,kathleen R
Grant Deed
—
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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