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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Manufacturing properties
6111 Porter Way Sarasota, FL 34232-6224
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2174447
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,481 SF
Lot
2.3 ac (100,188 SF)
Zoning code
ILW
APN
0048-16-0004
UPID
US18-2174447
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
-
Scott Alternative Medicine Practice
-
Synergy Equipment Rental Sarasota General Contractor
-
Dynamic Equipment Group General Contractor
-
Quad Garage Doors Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$4.05M
Owner & transaction history
Fl Re Sarasota Holdings LLC · 2 yrs held
Fl Re Sarasota Holdings LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$5.5M
+100.2%
Office building
$5.1M
+87.2%
Medical building
$5.0M
+81.2%
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
$4,160,000
ML approach
$4,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,740,000
Current use
AUTO REPAIR, GARAGE
$5,485,000
Change: +100% · Conversion: Easy
OFFICE BUILDING
$5,125,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$4,960,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$4,930,000
Change: +80% · Conversion: Moderate
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±10% · vs last sale $3.85M (Dec 11 2023)
Last sale anchor
$3.85M
Dec 11 2023
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
$324 / 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
$24,829
Tax year 2023
Assessed value
$1,604,300
Assessed 2023
Previous assessed
$1,236,900
+29.7% YoY
Effective rate
1.55%
On assessed value
Assessed land
$652,000
Assessed improvement
$952,300
Land market value
$652,000
Improvement market value
$952,300
Total market value
$1,604,300
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
10
Bathrooms
2
Total area
12,481 SF
Lot
2.3 ac (100,188 SF)
Zoning code
ILW
APN
0048-16-0004
UPID
US18-2174447
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FLZoning ILW · permitted uses
ILW · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
Industrial Light Warehousing
General category
INDUSTRIAL
Zone area
66.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.9M
INDUSTRIAL (GENERAL) 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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
10
Bathrooms
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Fl Re Sarasota Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2990 PONCE DE LEON BLVD STE #500, CORAL GABLES, FL 33134-6830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
$3,850,000
Fl Re Sarasota Holdings LLC
One Oak Porter LLC
Special Warranty Deed
—
Apr 15, 2021
$1,700,000
One Oak Porter LLC
Dvp Holdings INC
Warranty Deed
—
Jan 8, 2010
—
Daniel B Via
—
Trustees Deed
related
$769,257 · Cadence Bank
Jun 11, 2004
$614,900
Dvp Holdings INC
Via,danel B & Kristie L
Grant Deed
related
—
May 3, 2000
$900,000
Daniel B Via
Lindberg,o W
Grant Deed
$700,000 · Suncoast National Bank
—
—
Dvp Holdings INC
—
Deed Of Trust
related
$600,000 · Cadence Bank
—
—
Daniel B Via
—
Deed Of Trust
related
$75,000 · Cadence Bank
—
—
Dvp Holdings INC
—
Deed Of Trust
related
$500,000 · Cadence Bank
—
—
Dvp Holdings INC
—
Deed Of Trust
related
$770,000 · Sabal Palm Bk
—
—
Dvp Holdings INC
—
Deed Of Trust
related
$670,169 · Cadence 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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