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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Flex space
507 Laurel E Rd Nokomis, FL 34275-5212
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-1764573
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,840 SF
Lot
0.72 ac (31,180 SF)
Zoning code
CI
APN
0165-16-0034
UPID
US18-1764573
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
-
Admiral Air of Sarasota Hardware & Home Improvement HVAC Service
-
Amei Industrial Complex Property Owners Association, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$870k
Owner & transaction history
507 Laurel LLC · 13 yrs held
507 Laurel LLC
since 2012
7 recorded transactions
Zoning & alternative use
CI · Nokomis, 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 Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis 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
INDUSTRIAL (GENERAL)
$1,225,000
Current use
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$111 / 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
$5,231
Tax year 2023
Assessed value
$425,900
Assessed 2023
Previous assessed
$410,800
+3.7% YoY
Effective rate
1.23%
On assessed value
Assessed land
$131,200
Assessed improvement
$294,700
Land market value
$131,200
Improvement market value
$294,700
Total market value
$425,900
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
7,840 SF
Lot
0.72 ac (31,180 SF)
Zoning code
CI
APN
0165-16-0034
UPID
US18-1764573
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Nokomis, FL
Zoning CI · permitted uses
CI · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) 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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
507 Laurel LLC
Entity
Mailing address
PO BOX 511190, MILWAUKEE, WI 53203-0201
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2012
$308,000
507 Laurel LLC
Vfc Properties 3 LLC
Grant Deed
—
Aug 6, 2010
$34,577
Vfc Properties 3 LLC
Absolute Management En Coc
Trustees Deed
related
—
Oct 17, 2002
$650,000
Abolute Management Enterprises
Tk Family Partnership
Grant Deed
$680,000 · Community Nat'l Bank Sarasota
—
—
Tk Family LP
—
Deed Of Trust
related
$11,000 · Provident Savings Bank
—
—
Tk Family LP
—
Deed Of Trust
related
$45,000 · Provident Savings Bank
—
—
Tk Family LP
—
Deed Of Trust
related
$50,000 · Provident Savings Bank
—
—
Absolute Management Ents INC
—
Deed Of Trust
related
$1,162,500 · Branch Banking & Trust Co
—
—
Absolute Management Ents INC
—
Deed Of Trust
related
$960,000 · First Priority Bank
—
—
Tk Family LP
—
Deed Of Trust
related
$80,000 · Provident Bank Florida
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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