New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Flex space
7504 Pennsylvania Ave Sarasota, FL 34243-5047
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3192565
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
30,489 SF
Lot
2.62 ac (113,953 SF)
Zoning code
PD-I
APN
66510.0027-2
UPID
US18-3192565
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
-
Natural Immunogenics Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$3.83M
Owner & transaction history
Fourq Properties LLC · 12 yrs held
Fourq Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
PD-I · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,275,000
6.5%
$3,945,000
7%
$3,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,605,000
Current use
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±10%
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
$125 / 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
$39,508
Tax year 2023
Assessed value
$2,650,847
Assessed 2023
Previous assessed
$2,644,603
+0.2% YoY
Effective rate
1.49%
On assessed value
Assessed land
$348,383
Assessed improvement
$2,302,464
Land market value
$348,383
Improvement market value
$2,302,464
Total market value
$2,650,847
Applied tax rate
302.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
30,489 SF
Lot
2.62 ac (113,953 SF)
Zoning code
PD-I
APN
66510.0027-2
UPID
US18-3192565
Jurisdiction
MANATEE
Zoning & alternative use
PD-I · Sarasota, FL
Zoning PD-I · permitted uses
PD-I · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
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
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Fourq Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
951 SW 4TH AVE, BOCA RATON, FL 33432-5803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Fourq Properties LLC
—
Deed
related
$1,228,525 · Executive Nat'l Bk
Nov 22, 2013
$875,000
Fourq Properties LLC
Windemuller,edward F
Warranty Deed
—
—
—
Fourq Properties LLC
—
Deed Of Trust
related
$1,400,000 · Executive Nat'l Bk
—
—
Edward F Windemuller
—
Deed Of Trust
related
$554,990 · Regions Bank
—
—
Windemuller Technical Svcs INC
—
Deed Of Trust
related
$500,000 · Regions Bank
—
—
Fourq Properties LLC
—
Loan Modification
related
$1,228,525 · Executive Nat'l Bk
—
—
Fourq Properties LLC
—
Loan Modification
related
$631,710 · Executive Nat'l Bk
—
—
Fourq Properties LLC
—
Loan Modification
related
$1,146,874 · Executive Nat'l Bk
—
—
Fourq Properties LLC
—
Loan Modification
related
$1,400,000 · Executive Nat'l Bk
—
—
Edward F Windemuller
—
Deed Of Trust
related
$96,345 · Bankatlantic Fsb
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 7504 Pennsylvania Ave?
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.
