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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Warehouses
440 Tamiami Trl Osprey, FL 34229-9312
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4214203
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,120 SF
Lot
0.6 ac (26,197 SF)
Zoning code
CG
APN
0143-02-0004
UPID
US18-4214203
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
-
Bullseye Home Services - Leland Plumbing Plumbing Service General Contractor
-
TAX CENTERS.US Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
440 Tamiami LLC · 3 yrs held
440 Tamiami LLC
since 2022
Last sale
$753,300
5 recorded transactions
Zoning & alternative use
CG · Osprey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$930,000
+309.9%
Neighborhood: shopping center
$505,000
+122.3%
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 Osprey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Osprey 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
$910,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$930,000
Change: +310% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: +122% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $753k (Oct 5 2022)
Last sale anchor
$753k
Oct 5 2022
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
$746 / 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
$8,016
Tax year 2023
Assessed value
$605,100
Assessed 2023
Previous assessed
$545,500
+10.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$456,600
Assessed improvement
$148,500
Land market value
$456,600
Improvement market value
$148,500
Total market value
$605,100
Applied tax rate
100.0000
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
1,120 SF
Lot
0.6 ac (26,197 SF)
Zoning code
CG
APN
0143-02-0004
UPID
US18-4214203
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Osprey, FL
Zoning CG · permitted uses
CG · Osprey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Osprey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
440 Tamiami LLC
Entity
Free & Clear · 3 yrs held
Mailing address
12650 HARNEY ST, VENICE, FL 34293-2693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 5, 2022
$753,300
440 Tamiami LLC
Bullseye Legacy Corp A Florida Corp
Warranty Deed
—
Sep 21, 2020
$800,000
Bullseye Legacy Corp
Robert J Leland
Warranty Deed
$765,000 · Live Oak Banking Company
Apr 24, 2017
$110,000
Land Trust
Osprey Professional Park LLC
Grant Deed
—
Apr 21, 2014
$50,000
Kab LLC
Leland,robert J
Warranty Deed
—
—
—
Robert J Leland
—
Deed Of Trust
related
$50,000 · Suncoast 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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