Back to Search
Property profile & analytics
FOR LEASE
Distribution centers
7509 Pennsylvania Ave 101 Sarasota, FL 34243
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2540266
For Lease
1 / 96
$19 SF/Yr
7509 Pennsylvania Ave,Unit 101, Sarasota, FL 34243
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
CONCRETE
Total area
9,920 SF
Lot
5.81 ac (253,301 SF)
Zoning code
PD-I
APN
66510.0036-9
UPID
US18-2540266
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
-
ARMORVUE Window & Door Hardware & Home Improvement Interior Design
-
Healthy Chocolate Specialty Food Shop Candy Store
-
Casey Holdings LLC Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.59M
Owner & transaction history
West Coast Invest LLC · 6 yrs held
West Coast Invest LLC
since 2019
7 recorded transactions
Zoning & alternative use
PD-I · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,690,000
6.5%
$1,560,000
7%
$1,450,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,035,000
Current use
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$160 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$98,766
Tax year 2022
Assessed value
$5,975,072
Assessed 2023
Previous assessed
$5,975,072
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$754,083
Assessed improvement
$5,220,989
Land market value
$754,083
Improvement market value
$5,220,989
Total market value
$5,975,072
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
9,920 SF
Lot
5.81 ac (253,301 SF)
Zoning code
PD-I
APN
66510.0036-9
UPID
US18-2540266
Jurisdiction
MANATEE
Zoning & alternative use
PD-I · Sarasota, FLZoning 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
Source
Home | City of Sarasota
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
WAREHOUSE, STORAGE 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
2008
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
5.81 ac
Current owner
From public records · entity-resolved
West Coast Invest LLC
Entity
Mailing address
7519 PENNSYLVANIA AVE #104, SARASOTA, FL 34243-5015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 30, 2019
$8,112,000
West Coast Invest LLC
Casey Holdings LLC
Warranty Deed
—
May 6, 2019
—
Casey Holdings LLC
—
Deed
related
$4,750,000 · Synovus Bk
May 24, 2018
—
Casey Holdings LLC
—
Deed
related
$300,000 · Conrad R/e & Invs LP
Sep 24, 2007
$1,400,000
Casey Holdings LLC
Lena Place LLC
Grant Deed
$7,305,000 · Whitney National Bank
Nov 30, 2006
—
County Of Manatee
Lena Place LLC
Warranty Deed
—
Nov 28, 2005
$1,100,000
Lena Place LLC
Gulfwinds Developments LLC
Warranty Deed
$1,400,000 · First State Bank
Nov 18, 2004
$640,000
Gulfwinds Developments LLC
Airport Woods Commerce Center
Warranty Deed
$576,000 · Suntrust Bank NA
—
—
Casey Holdings LLC
—
Deed Of Trust
related
$4,750,000 · Bank Of America
—
—
Casey Holdings LLC
—
Deed Of Trust
related
$4,750,000 · Synovus Bk
—
—
Casey Holdings LLC
—
Deed Of Trust
related
$300,000 · Conrad R/e & Invs LP
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?”
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.
