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Property profile & analytics
OFF-MARKET
Estimated value
$7,415,000
Warehouses
6292 Tower Ln Sarasota, FL 34240-7853
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5291743
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,040 SF
Lot
1.28 ac (55,889 SF)
Zoning code
PID
APN
0216-12-0004
UPID
US18-5291743
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
-
Making It Easy Golf LLC Golf Instructor
-
Platinum Garage Flooring, LLC General Contractor Renovation Specialist
-
Auto Glass Warehouse Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Quick Reaction Force Services LLC Courier Service Postal Service
-
Paul Davis Restoration of Sarasota and Charlotte County Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.42M
Owner & transaction history
Kelly Commercial Property LLC · 3 yrs held
Kelly Commercial Property LLC
since 2022
Last sale
$7.3M
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
Neighborhood: shopping center
$9.8M
+237.0%
Commercial (general)
$9.8M
+234.8%
Restaurant
$8.7M
+198.0%
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
$9,730,000
ML approach
$9,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,845,000
Change: +237% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,785,000
Change: +235% · Conversion: Difficult
RESTAURANT
$8,705,000
Change: +198% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,170,000
Change: +111% · Conversion: Easy
MEDICAL BUILDING
$5,580,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$5,545,000
Change: +90% · Conversion: Moderate
OFFICE BUILDING
$4,530,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$7.42M
Range $6.67M – $8.16M · ±10% · vs last sale $7.30M (Oct 6 2022)
Last sale anchor
$7.30M
Oct 6 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
$528 / 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
$22,417
Tax year 2023
Assessed value
$1,578,500
Assessed 2023
Previous assessed
$1,189,700
+32.7% YoY
Effective rate
1.42%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,128,500
Land market value
$450,000
Improvement market value
$1,128,500
Total market value
$1,578,500
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
14,040 SF
Lot
1.28 ac (55,889 SF)
Zoning code
PID
APN
0216-12-0004
UPID
US18-5291743
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.8M
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Kelly Commercial Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1545 BLUE HERON DR, SARASOTA, FL 34239-3702
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 6, 2022
$7,300,000
Kelly Commercial Property LLC
Bsh Group LLC
Warranty Deed
—
Jun 23, 2008
—
Bsh Group LLC
Henderson,david P
Quit Claim Deed
related
—
Dec 6, 1999
$141,700
Bsh Group LLC
Tower Commerce Park INC
Grant Deed
$121,640 · Individual
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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