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Property profile & analytics
OFF-MARKET
Estimated value
$8,345,000
Warehouses
6222 Tower Ln Sarasota, FL 34240-8859
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5093407
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,460 SF
Lot
3.84 ac (167,263 SF)
Zoning code
PID
APN
0216-13-0011
UPID
US18-5093407
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
-
Walls By Me (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Fairfax Floors Carpet & Flooring Store Hardware & Home Improvement
-
GenerX Generators Sarasota | Generac Dealer Hardware & Home Improvement Building Supply
-
Wal-Mark Contracting Group Hardware & Home Improvement Interior Design
-
Dyco Water Systems Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.26M
CAP Approach
CAP
$6.46M
Comparable Approach
Comparable
$9.26M
Blend (final)
Blend
$8.35M
Owner & transaction history
Ledge Holdings Group LLC · 3 yrs held
Ledge Holdings Group LLC
since 2022
Last sale
$7.8M
5 recorded transactions
Zoning & alternative use
PID · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home | City of Sarasota
Top alternative use upside
Office building
$13.1M
+55.0%
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
$10,395,000
ML approach
$11,260,000
CAP Approach
CAP Return
Estimation
6%
$6,995,000
6.5%
$6,455,000
7%
$5,995,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,420,000
Current use
OFFICE BUILDING
$13,055,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$8.35M
Range $7.51M – $9.18M · ±10% · vs last sale $7.80M (Aug 15 2022)
Last sale anchor
$7.80M
Aug 15 2022
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
$206 / 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
$57,863
Tax year 2023
Assessed value
$5,003,800
Assessed 2023
Previous assessed
$5,003,800
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,120,400
Assessed improvement
$3,883,400
Land market value
$1,120,400
Improvement market value
$3,883,400
Total market value
$5,003,800
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
40,460 SF
Lot
3.84 ac (167,263 SF)
Zoning code
PID
APN
0216-13-0011
UPID
US18-5093407
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Sarasota, FLZoning PID · permitted uses
PID · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.4M
OFFICE BUILDING
Est. value
$13.1M
WAREHOUSE, STORAGE 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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
3.84 ac
Current owner
From public records · entity-resolved
Ledge Holdings Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6222 TOWER LN, SARASOTA, FL 34240-8859
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 15, 2022
$7,800,000
Ledge Holdings Group LLC
Tower Park INC
Special Warranty Deed
—
Dec 31, 2007
—
Bay West At Tower Park INC
Henderson,david P
Quit Claim Deed
related
—
Jan 3, 2000
$400,000
Bay West At Tower Park INC
Tower Commerce Park INC
Grant Deed
related
—
May 8, 1998
$1,058,070
Tower Commerce Park INC
Tower Mini Storage INC
Grant Deed
related
—
Apr 7, 1997
$1,246,700
Tower Mini Storage INC
Henderson,kenneth R & Susanne G
Grant Deed
—
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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