Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Industrial land
6925 28th St E Ct Sarasota, FL 34243
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5201562
Property summary
AI-generated overview
This exceptional 9-acre industrial property in Sarasota, Florida, presents a unique opportunity for development. Located at 6925 28th St Ct E, Manatee County, FL 34243 (APN 1971600000), this fee-simple land parcel is zoned LM and offers significant potential for various industrial uses. The site is cleared and prepared for permitting, streamlining the development process. While a recent survey and clean Phase 1 environmental report are available, potential buyers should be aware of a low-lying area in the property's back corner and approximately 1-1.5 acres of wetlands. This information is crucial for comprehensive due diligence and planning. The asking price for this expansive property is $3,695,000. The property's location in Sarasota offers excellent access to transportation networks and a thriving business community. This is an ideal opportunity for businesses seeking a strategically located, ready-to-develop industrial site. Serious inquiries are encouraged.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
9.1 ac (396,396 SF)
Zoning code
LM
APN
19716.0000-0
UPID
US18-5201562
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
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
Djd Real Estate Holdings LLC · 1 yrs held
Djd Real Estate Holdings LLC
since 2025
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
LM · Sarasota, FL
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
$1,950,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.35M (Nov 3 2021)
Last sale anchor
$1.35M
Nov 3 2021
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
—
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
$16,987
Tax year 2023
Assessed value
$1,138,310
Assessed 2023
Previous assessed
$1,110,000
+2.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$1,138,310
Land market value
$1,138,310
Total market value
$1,138,310
Applied tax rate
303.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
9.1 ac (396,396 SF)
Zoning code
LM
APN
19716.0000-0
UPID
US18-5201562
Jurisdiction
MANATEE
Zoning & alternative use
LM · Sarasota, FLZoning LM · permitted uses
LM · 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
Building & site characteristics
From public records
Heating
NONE
Lot
9.1 ac
Current owner
From public records · entity-resolved
Djd Real Estate Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6448 PARKLAND DR, SARASOTA, FL 34243-4038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$3,700,000
Djd Real Estate Holdings LLC
USA Real Estate Holding INC
Special Warranty Deed
—
May 3, 2023
—
USA Real Estate Holding INC
—
Deed
related
$712,500 · First American Bank
Nov 3, 2021
$1,350,000
USA Real Estate Holding INC
Group Genie Corporation
Warranty Deed
—
Dec 28, 2017
$900,000
Group Genie Corp
Kreissle,peter
Warranty Deed
$500,000 · Peter Kreissle
Nov 17, 2004
—
Peter Kreissle
Kreissle Pia Trust,
Quit Claim Deed
related
—
Nov 15, 2004
—
Peter Kreissle
Owner,record
Grant Deed
related
—
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 6925 28th St E Ct?
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.
