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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Warehouses
510 Paul Morris Dr Englewood, FL 34223-3960
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0132611
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
7,300 SF
Lot
0.97 ac (42,113 SF)
Zoning code
PID
APN
0849-16-0016
UPID
US18-0132611
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
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$755k
Owner & transaction history
512 Paul Morris LLC · 3 yrs held
512 Paul Morris LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
PID · Englewood, 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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$540,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,125,000
Current use
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $750k (Aug 15 2022)
Last sale anchor
$750k
Aug 15 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
$103 / 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
$8,612
Tax year 2023
Assessed value
$454,200
Assessed 2023
Previous assessed
$454,200
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$171,200
Assessed improvement
$283,000
Land market value
$171,200
Improvement market value
$283,000
Total market value
$454,200
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
1988
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
7,300 SF
Lot
0.97 ac (42,113 SF)
Zoning code
PID
APN
0849-16-0016
UPID
US18-0132611
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Englewood, FL
Zoning PID · permitted uses
PID · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
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
1988
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
512 Paul Morris LLC
Entity
Free & Clear · 3 yrs held
Mailing address
512 PAUL MORRIS DR, ENGLEWOOD, FL 34223-3960
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
—
512 Paul Morris LLC
—
Deed
related
$550,000 · Pedro F Hernandez Revocable Trust
Jul 21, 2023
—
512 Paul Morris LLC
—
Deed
related
$200,000 · Jrmd Holdings LLC
Aug 15, 2022
$750,000
512 Paul Morris LLC
Timo Brothers Holding LLC
Warranty Deed
—
May 25, 2017
$268,098
Timo Brothers Holding LLC
Pyramid Pavers LLC
Special Warranty Deed
$289,000 · Freedom Bank
Apr 12, 2007
$1,375,000
Pyramid Pavers LLC
Meritco INC
Warranty Deed
$550,000 · Freedom Bank Of America
Dec 31, 2002
$425,000
Meritco INC
Cucchi,richard
Grant Deed
—
—
—
Meritco INC
—
Deed Of Trust
related
$130,000 · Community Nat'l Bank Sarasota
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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