4953 Trott Cir North Port, FL 34287-3411
This exceptional investment opportunity presents a fully leased, 16,164 square foot mini-storage warehouse complex in North Port, Florida. The property boasts 39 units occupied by 25 tenants, enjoying a five-year history of 100% occupancy. Strategically located near major roadways including US-41, S. Biscayne, and Pan American Blvd, this well-maintained complex offers significant upside potential. Built in 2004, the property features fireproof steel construction, a galvanized metal roof, and metal siding across four buildings. Recent improvements include new overhead doors, updated weather stripping, and a fully air-conditioned 800 sq ft unit. Security features include a camera system and perimeter fencing. The property also benefits from a recently resealed parking lot (2023) and meticulously maintained landscaping. The current gross lease structure and absence of automotive tenants provide a stable income stream, with a strong 5.59% cap rate and a substantial NOI of $251,764. Priced at $4,500,000 ($278.40/sq ft and $115,384.62/unit), this is an ideal acquisition for investors seeking a low-maintenance, high-return mini-storage portfolio in a rapidly growing market. The property's strong tenant history and recent upgrades ensure a secure and profitable investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ILW · North Port, FLNorth Port. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.