Property profile

5671 Derek Ave Sarasota, FL 34233

OFF-MARKET
Warehouses
Property ID
US18-5208475
5,000 SF 0.51 ac lot Built 1978
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,000 SF
Lot 0.51 ac (22,000 SF)
Zoning code ILW
APN 0090-09-0012
UPID US18-5208475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5671 Derek Ave Sarasota, FL 34233-2411
Sarasota metro Census 1702 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
$800k
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2017
3 recorded transactions
2017
$364,800
2016
$369,000
2016
Price N/A

Zoning & alternative use

ILW · Sarasota, FL
Zoning description

The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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