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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Warehouses
5401 Palmer Blvd Sarasota, FL 34232-2731
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4635512
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
4,000 SF
Lot
0.51 ac (22,202 SF)
Zoning code
CI
APN
0048-05-0058
UPID
US18-4635512
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
-
A To Z Fabricators Hardware & Home Improvement Home Decor Store
-
Teknique Upholstery Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$1.18M
Owner & transaction history
Eastern Holding Group LLC · 1 yrs held
Eastern Holding Group LLC
since 2024
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
CI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+114.2%
Office building
$1.6M
+100.2%
Medical building
$1.6M
+93.8%
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
$1,175,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Current use
AUTO REPAIR, GARAGE
$1,755,000
Change: +114% · Conversion: Easy
OFFICE BUILDING
$1,645,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$1,590,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$1,580,000
Change: +92% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.18M (Aug 22 2024)
Last sale anchor
$1.18M
Aug 22 2024
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
$294 / 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
$7,376
Tax year 2023
Assessed value
$529,400
Assessed 2023
Previous assessed
$529,400
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$339,300
Assessed improvement
$190,100
Land market value
$339,300
Improvement market value
$190,100
Total market value
$529,400
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
1974
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
4,000 SF
Lot
0.51 ac (22,202 SF)
Zoning code
CI
APN
0048-05-0058
UPID
US18-4635512
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Sarasota, FL
Zoning CI · permitted uses
CI · 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
$820,000
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1974
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Eastern Holding Group LLC
Entity
Mailing address
8018 HANKINS INDUSTRIAL PARK, TOANO, VA 23168-9264
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
$1,175,000
Eastern Holding Group LLC
Teknique 1 LLC
Warranty Deed
$998,750 · First Citizens Bank & Trust Co
Oct 21, 2022
$685,000
Teknique 1 LLC
Corey M Atha
Warranty Deed
$500,000 · South State Bank NA
—
—
Donald W Atha
—
Deed Of Trust
related
$35,000 · Provident Savings Bank
—
—
Atha Family Trust
—
Deed Of Trust
related
$15,000 · Rbc Centura Bank
—
—
Atha Trust
—
Deed Of Trust
related
$100,000 · Provident Savings Bank
—
—
Atha,tr
—
Deed Of Trust
related
$35,000 · Provident Savings 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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