Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Grocery and convenience stores
5814 18th E St Ellenton, FL 34222-2902
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2666738
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2011
Total area
19,880 SF
Lot
1.81 ac (78,931 SF)
Zoning code
PD-C
APN
8173.0000-7
UPID
US18-2666738
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
$2.72M
Blend (final)
Blend
$2.85M
Owner & transaction history
Mamslm Group LLC · 15 yrs held
Mamslm Group LLC
since 2010
7 recorded transactions
Zoning & alternative use
PD-C · Ellenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+4.8%
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 Ellenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellenton 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$4,475,000
Current use
OFFICE BUILDING
$4,695,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±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
$143 / 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
$46,765
Tax year 2023
Assessed value
$3,563,540
Assessed 2023
Previous assessed
$2,837,901
+25.6% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,095,837
Assessed improvement
$2,467,703
Land market value
$1,095,837
Improvement market value
$2,467,703
Total market value
$3,563,540
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Units
1
Total area
19,880 SF
Lot
1.81 ac (78,931 SF)
Zoning code
PD-C
APN
8173.0000-7
UPID
US18-2666738
Jurisdiction
MANATEE
Zoning & alternative use
PD-C · Ellenton, FLZoning PD-C · permitted uses
PD-C · Ellenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.7M
SERVICE STATION (FULL SERVICE) Current
OFFICE BUILDING
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
2011
Heating
NONE
Stories
1
Units
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Mamslm Group LLC
Entity
Mailing address
8451 MIDNIGHT PASS RD, SARASOTA, FL 34242-2705
Ownership since
2010
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 17, 2010
$1,000,000
Mamslm Group LLC
Mvp Partners LLC
Grant Deed
$1,350,000 · Gateway Bk/sw Fl
Sep 7, 2006
$1,800,000
Mvp Partners LLC
Jrg Developments LLC
Warranty Deed
$1,222,500 · Peoples Community Bank Of The West
Oct 4, 2005
$950,000
Jrg Developments LLC
Foreman Michael L
Warranty Deed
$855,000 · Ferlise Holdings Ltd
—
—
Mamslm Group LLC
—
Deed Of Trust
related
$1,350,000 · Gateway Bk/sw Fl
—
—
Jrg Developments LLC
—
Deed Of Trust
related
$157,000 · Landmark Bk/fl
—
—
Mvp Partners LLC
—
Deed Of Trust
related
$205,000 · Peoples Cmnty Bk/west Coast
—
—
Mamslm Group LLC
—
Deed Of Trust
related
$1,350,000 · Gateway Bk/sw Fl
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5814 18th E St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
