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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
701 Indiana Ave Englewood, FL 34223-3764
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4560161
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,995 SF
Lot
0.59 ac (25,661 SF)
Zoning code
OPI
APN
0854-12-0002
UPID
US18-4560161
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
$1.25M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.25M
Owner & transaction history
Althea Holdings LLC · 2 yrs held
Althea Holdings LLC
since 2024
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
OPI · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+52.3%
Auto repair, garage
$1.7M
+43.0%
Medical building
$1.5M
+29.5%
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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,185,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,805,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,695,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$1,535,000
Change: +30% · Conversion: Easy
RETAIL STORES
$1,125,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (May 15 2024)
Last sale anchor
$1.25M
May 15 2024
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
$313 / 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
$8,400
Tax year 2023
Assessed value
$569,300
Assessed 2023
Previous assessed
$569,300
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$130,100
Assessed improvement
$439,200
Land market value
$130,100
Improvement market value
$439,200
Total market value
$569,300
Applied tax rate
1,500.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
16
Bathrooms
6
Total area
3,995 SF
Lot
0.59 ac (25,661 SF)
Zoning code
OPI
APN
0854-12-0002
UPID
US18-4560161
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Englewood, FL
Zoning OPI · permitted uses
OPI · Englewood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Englewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
16
Bathrooms
6
Lot
0.59 ac
Current owner
From public records · entity-resolved
Althea Holdings LLC
Entity
Mailing address
14670 LILLIAN CIR, PORT CHARLOTTE, FL 33981-4529
Ownership since
2024
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
May 15, 2024
$1,250,000
Althea Holdings LLC
Pia Company LLC
Warranty Deed
$1,150,000 · Bank Of America NA
Apr 12, 2021
—
Pia Company LLC
—
Deed
related
$376,000 · Td Bank NA
Aug 2, 2018
$550,000
Pia Company LLC
Lawrence A Tarn
Warranty Deed
$812,000 · United Community Bank
Jul 15, 2013
—
Lawrence A Tarn
Ruuster LP
Quit Claim Deed
—
Aug 30, 2007
—
Ruuster Ltd Ptshp
Owner,record
Grant Deed
related
—
Jan 16, 2007
—
Ruuster
Tarn,lawrence A
Warranty 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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