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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Manufacturing properties
530 Paul Morris Dr Englewood, FL 34223-3960
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4080452
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Total area
4,998 SF
Lot
1.03 ac (45,000 SF)
Zoning code
PID
APN
0850-08-0008
UPID
US18-4080452
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
$885k
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$820k
Owner & transaction history
David L Arp · 22 yrs held
David L Arp
since 2004
5 recorded transactions
Zoning & alternative use
PID · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+50.8%
Warehouse, storage
$770,000
+5.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$825,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$730,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$770,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$164 / 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
$7,906
Tax year 2023
Assessed value
$472,700
Assessed 2023
Previous assessed
$419,900
+12.6% YoY
Effective rate
1.67%
On assessed value
Assessed land
$180,500
Assessed improvement
$292,200
Land market value
$180,500
Improvement market value
$292,200
Total market value
$472,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1991
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
2
Bathrooms
2
Total area
4,998 SF
Lot
1.03 ac (45,000 SF)
Zoning code
PID
APN
0850-08-0008
UPID
US18-4080452
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
INDUSTRIAL (GENERAL) Current
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$770,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1991
Heating
NONE
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
David L Arp
Individual
Mailing address
5053 N BCH RD UNIT #1, ENGLEWOOD, FL 34223-9148
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2016
—
4544 Clark Road LLC
—
Deed
related
$375,000 · Englewood Bk & Tr
Mar 31, 2004
$460,000
David L Arp
Voegeli,ronald C & Carol A
Grant Deed
$400,000 · Ronald C & Carol A Voegeli
—
—
David L Arp
—
Deed Of Trust
related
$120,000 · Ronald C & Carol A Voegeli
—
—
4544 Clark Road LLC
—
Deed Of Trust
related
$375,000 · Englewood Bk & Tr
—
—
David L Arp
—
Deed Of Trust
related
$235,000 · Englewood Bank
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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