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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Warehouses
4386 Independence Ct Sarasota, FL 34234-4711
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4714338
Property summary
AI-generated overview
This exceptional 8,500-square-foot industrial flex space presents a unique investment opportunity in Sarasota, Florida's desirable Northgate Center Industrial Park. Located at 4386 Independence Ct, Sarasota, FL 34234, this single-tenant property sits on a 24,388-square-foot lot (APN 0026060001) and boasts a fully insulated steel warehouse structure built in 1989. The building features four 14' x 14' overhead doors, providing convenient access for loading and unloading, and includes an enclosed loading dock complete with a truck ramp. Currently configured for single-tenant occupancy, the property's design allows for easy subdivision into three separately metered units, offering significant flexibility for multi-tenant use or expansion. The secure, fenced yard offers ample parking and storage space, ideal for trucks and equipment. Zoned ILW, this property is perfectly suited for a variety of industrial or distribution businesses. The asking price is $1,690,000. Don't miss this chance to acquire a versatile and well-located industrial property in a thriving Sarasota market.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
8,001 SF
Lot
0.56 ac (24,396 SF)
Zoning code
ILW
APN
0026-06-0001
UPID
US18-4714338
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
-
EVO Pro Detailing - Sarasota Ceramic Coating - PPF - Wraps Car Wash
-
Paint Correction Car Wash
-
Bonaventura LLC Hardware & Home Improvement Home Appliance Store
-
Standfast-USA Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$925k
Owner & transaction history
Kernan Industrial Props LLC · 10 yrs held
Kernan Industrial Props LLC
since 2015
5 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,375,000
Current use
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$116 / 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
$9,045
Tax year 2023
Assessed value
$573,700
Assessed 2023
Previous assessed
$512,600
+11.9% YoY
Effective rate
1.58%
On assessed value
Assessed land
$207,000
Assessed improvement
$366,700
Land market value
$207,000
Improvement market value
$366,700
Total market value
$573,700
Applied tax rate
4,200.0000
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
1989
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
8,001 SF
Lot
0.56 ac (24,396 SF)
Zoning code
ILW
APN
0026-06-0001
UPID
US18-4714338
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
1989
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Kernan Industrial Props LLC
Entity
Mailing address
213 LOUELLA LN, NOKOMIS, FL 34275-3021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Nov 17, 2015
$385,000
Kernan Industrial Props LLC
Shaul,daniel C & Diana R
Warranty Deed
$218,068 · Gateway Bk/sw Fl
Sep 30, 1997
$295,000
Daniel C Shaul
Protek Electronics INC
Grant Deed
$265,500 · Nationsbank
—
—
Shaul,daniel C & Diana R
—
Deed Of Trust
related
$100,000 · First Fsb/fl
—
—
Kernan Industrial Props LLC
—
Deed Of Trust
related
$218,068 · Gateway Bk/sw Fl
—
—
Daniel C Shaul
—
Deed Of Trust
related
$256,000 · Bank Of America
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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