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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Warehouses
390 Indiana Ave Englewood, FL 34223-2954
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0707191
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
7,650 SF
Lot
2.61 ac (113,868 SF)
Zoning code
CI
APN
0497-01-0014
UPID
US19-0707191
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
$1.85M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.73M
Owner & transaction history
Oceanside Investment Properties LLC · 3 yrs held
Oceanside Investment Properties LLC
since 2023
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
CI · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+92.3%
Retail stores
$2.2M
+82.7%
Commercial (general)
$1.7M
+42.8%
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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$1,740,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,180,000
Current use
OFFICE BUILDING
$2,265,000
Change: +92% · Conversion: Difficult
RETAIL STORES
$2,155,000
Change: +83% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,685,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.73M (Jun 7 2023)
Last sale anchor
$1.73M
Jun 7 2023
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
$226 / 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
$16,780
Tax year 2023
Assessed value
$1,191,300
Assessed 2023
Previous assessed
$808,500
+47.3% YoY
Effective rate
1.41%
On assessed value
Assessed land
$728,600
Assessed improvement
$462,700
Land market value
$728,600
Improvement market value
$462,700
Total market value
$1,191,300
Applied tax rate
1,500.0000
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
1978
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
14
Bathrooms
4
Total area
7,650 SF
Lot
2.61 ac (113,868 SF)
Zoning code
CI
APN
0497-01-0014
UPID
US19-0707191
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Englewood, FL
Zoning CI · permitted uses
CI · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
14
Bathrooms
4
Lot
2.61 ac
Current owner
From public records · entity-resolved
Oceanside Investment Properties LLC
Entity
Mailing address
390 N INDIANA AVE, ENGLEWOOD, FL 34223-2954
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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 7, 2023
$1,725,000
Oceanside Investment Properties LLC
Weber Stone Co INC
Warranty Deed
$878,000 · Crews Bank & Trust
Jun 17, 2011
$425,000
Weber Stone Co INC
Federal Deposit Ins Corp
Grant Deed
—
Sep 28, 2009
$2,301
Florida Cmnty Bk
Slavic Christian Fellows Coc
Trustees Deed
related
—
May 18, 2006
$1,540,000
Christian Fellowship In Slavic
Dearborn LLC
Warranty Deed
$1,155,000 · Florida Community Bank
Jul 15, 2004
$412,000
Dearborn LLC
Lasbury,tr
Grant Deed
$337,000 · Lasbury Trust
Jul 14, 2004
$420,000
Dearborn LLC
Sariana INC
Warranty Deed
$336,000 · Charlotte State Bank
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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