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Property profile & analytics
OFF-MARKET Estimated value $1,345,000
Warehouses

4953 Trott Cir North Port, FL 34287-3411

8,364 SF 1.25 ac lot Built 2004
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2556297
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2004
Total area 8,364 SF
Lot 1.25 ac (54,250 SF)
Zoning code ILW
APN 0996-00-3007
UPID US18-2556297
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
by Request
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.35M
Owner & transaction history
Smh Commercial LLC · 9 yrs held
Smh Commercial LLC
since 2017
4 recorded transactions
2017
$800,000
2004
$60,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ILW · North Port, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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