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    7050 Chancellor Blvd North Port, FL 34287-3068
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    Property profile & analytics

    7050 Chancellor Blvd, North Port, FL 34287-3068

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    • Specialty properties
    • 7,199 SF
    • 1.37 lot acres
    Off-Market
    Property ID
    US19-0025320
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 7050 Chancellor Blvd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.37 lot acres
    Zone code
    CR
    Property type
    Specialty properties
    APN
    0998-00-5016
    APU
    998005016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 3, 2022 — Amvets Post 312 North Port INC — Deed · related $575k · South State Bank National Association
    Aug 6, 2018 — Amvets Post 312 North Port INC — Deed · related $618k · Fifth Third Bk
    Sep 30, 2008 $1,200,000 Amvets Post 312 North Port INC Bolgan Custom Homes INC Warranty Deed $820k · Calusa National Bank
    Oct 11, 2005 $700,000 Bolgan Custom Homes INC Has LLC Warranty Deed —
    Nov 7, 2002 $275,000 H A S LLC North Port Yacht Club INC Grant Deed $250k · North Port Yacht Club INC
    — — Bolgan Custom Homes INC — Deed Of Trust · related $800k · Freedom Bank
    — — Amvets Post 312 North Port INC — Deed Of Trust · related $618k · Fifth Third Bk
    — — Amvets Post 312 North Port INC — Deed Of Trust · related $22k · Terry & Landa Corson

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2506
    Latitude
    27.0333
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,393
    $206,200
    $341,300
    $547,500
    -
    $206,200
    $341,300
    $547,500

    Comparable in this City

    • Value Estimation
      $610,000
      4,480 SF

      4940 Pan American Blvd

      CHARITABLE ORGANIZATION
      4940 Pan American Blvd, North Port, FL 34287-3424
      View Details
    • Value Estimation
      $650,000
      6,409 SF

      6851 Biscayne Dr

      CHARITABLE ORGANIZATION
      6851 Biscayne Dr, North Port, FL 34287-2217
      View Details
    • Value Estimation by Request
      3,169 SF

      14538 Tamiami Trl

      CREMATORIUM, MORTUARY
      14538 Tamiami Trl, North Port, FL 34287-2707
      View Details
    • Value Estimation
      $1,745,000
      4,719 SF

      5900 Biscayne Dr

      CREMATORIUM, MORTUARY
      5900 Biscayne Dr, North Port, FL 34287-1948
      View Details
    • Value Estimation
      $895,000
      2,707 SF

      14487 Tamiami Trl

      VETERINARY, ANIMAL HOSPITAL
      14487 Tamiami Trl, North Port, FL 34287-2728
      View Details
    • Value Estimation
      $1,610,000
      5,265 SF

      5600 Peace Riv Rd

      CHARITABLE ORGANIZATION
      5600 Peace Riv Rd, North Port, FL 34287-2885
      View Details

    Similar Nearby for Sale

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      0.17 Acres

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      Waterfront Lot in North Port

      Waterfront lot near Warm Mineral Springs, ideal for building.
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    Similar Nearby for Lease

    • $20 SF/Yr
      17,171 SF

      Prime North Port Office Suites

      Class A Office Space, 4 Suites Available
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Contact for pricing

      14385 Tamiami Trl, Unit a

      For Lease - 903 sq ft office, North Port, FL
      14385 Tamiami Trl, North Port, FL 34287
      View Details
    • Contact for pricing

      Sublease Office Suite on Third Floor

      Newly renovated office space offers a modern open layout and ample on-site parking in a professional center.
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • $18 SF/Yr
      20,380 SF

      Pan American Professional Center Office Space

      North Port, FL: Class A Office, 7,827 SF Available
      5920 Pan American Blvd, North Port, FL 34287
      View Details
    • Contact for pricing

      Retail Outparcel on Tamiami Trail

      1.14 acre retail outparcel with high traffic exposure.
      12630 Tamiami Trl, North Port, FL 34287
      View Details
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    North Port, FL 34287-3068
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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