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Property profile & analytics
OFF-MARKET
Industrial properties
517 Paul Morris Dr A-B-1 Englewood, FL 34223-5201
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0677663
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1985
Total area
1,207 SF
Zoning code
PID
APN
0849-16-1005
UPID
US19-0677663
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
De Simone,joseph R Trust · 6 yrs held
De Simone,joseph R Trust
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,525
Tax year 2023
Assessed value
$99,900
Assessed 2023
Previous assessed
$88,100
+13.4% YoY
Effective rate
1.53%
On assessed value
Assessed improvement
$99,900
Improvement market value
$99,900
Total market value
$99,900
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1985
Heating
YES
Cooling
YES
Stories
1
Total area
1,207 SF
Zoning code
PID
APN
0849-16-1005
UPID
US19-0677663
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.
Building & site characteristics
From public records
Year built
1985
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
De Simone,joseph R Trust
Trust
Free & Clear · 6 yrs held
Mailing address
1 JUNE CT, WHITE PLAINS, NY 10605-4608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Aug 9, 2019
—
De Simone,joseph R Trust
De Simone,joseph R & Deedee
Quit Claim Deed
related
—
Aug 5, 2015
$57,500
Joseph R De Simone
Billy Kimberlin Roofing INC
Warranty Deed
—
Mar 30, 2010
$60,000
Billy Kimberlin Roofing INC
Hi 2 LLC
Grant Deed
—
Jun 9, 2009
—
Hi 2 LLC
Korte,glenn E & Barbara Coc
Trustees Deed
related
—
Nov 1, 2005
$117,000
Glenn E Korte
Mcd Precision Tooling INC
Warranty Deed
—
Jul 1, 2004
$40,000
Precision Tooling INC
Bibens,tr
Grant Deed
$15,000 · Bibens Trust
Jan 28, 1998
$35,000
Merrill K Bibens
Cummings,robert D
Grant Deed
—
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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