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Property profile & analytics
OFF-MARKET
Estimated value
$5,145,000
Warehouses
5275 Washington Blvd Sarasota, FL 34234-4132
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9856257
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
25,429 SF
Lot
1.23 ac (53,625 SF)
Zoning code
CG
APN
0025-08-0078
UPID
US18-9856257
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
-
Hydrologic Distribution Company Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.48M
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$5.15M
Owner & transaction history
5275 North Washington Blvd LLC · 10 yrs held
5275 North Washington Blvd LLC
since 2016
7 recorded transactions
Zoning & alternative use
CG · Sarasota, 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 Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota 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%
$5,935,000
6.5%
$5,480,000
7%
$5,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,365,000
Current use
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±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
$202 / 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
$51,841
Tax year 2023
Assessed value
$3,891,100
Assessed 2023
Previous assessed
$3,474,300
+12.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$949,000
Assessed improvement
$2,942,100
Land market value
$949,000
Improvement market value
$2,942,100
Total market value
$3,891,100
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
2018
Heating
NONE
Cooling
NONE
Stories
2
Rooms
4
Bathrooms
2
Total area
25,429 SF
Lot
1.23 ac (53,625 SF)
Zoning code
CG
APN
0025-08-0078
UPID
US18-9856257
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Sarasota, FL
Zoning CG · permitted uses
CG · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
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
2018
Heating
NONE
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
5275 North Washington Blvd LLC
Entity
Mailing address
6365 53RD ST N, PINELLAS PARK, FL 33781-5627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2019
—
5275 North Washington Blvd LLC
—
Deed
related
$2,240,000 · Branch Bk&tr
Feb 6, 2017
—
5275 North Washington Blvd LLC
—
Deed
related
$2,480,000 · Suntrust Bk
Mar 4, 2016
$595,000
5275 North Washington Blvd LLC
Rice,john L
Grant Deed
—
Apr 29, 2008
—
Rice John L & Anne E Trust
Florida Foam Walls LLC Coc
Trustees Deed
related
—
Mar 28, 2006
—
Florida Foam Walls LLC
—
Trustees Deed
related
$83,358 · Future Foam
Jun 3, 2005
$1,100,000
Florida Foam Walls LLC
Rice Anne E Trust
Warranty Deed
$1,000,000 · Rice John L Trust (tr)
—
—
5275 North Washington Blvd LLC
—
Deed Of Trust
related
$2,240,000 · Branch Bk&tr
—
—
5275 North Washington Blvd LLC
—
Deed Of Trust
related
$2,480,000 · Suntrust Bk
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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