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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Flex space
7524 Commerce Pl Sarasota, FL 34243-5020
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-7941837
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Total area
24,000 SF
Lot
5.42 ac (235,965 SF)
Zoning code
LM
APN
66566.0005-9
UPID
US18-7941837
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
-
Advantage Lumber, LLC Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.35M
Owner & transaction history
Staybull Flooring LLC · 13 yrs held
Staybull Flooring LLC
since 2013
7 recorded transactions
Zoning & alternative use
LM · 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%
$3,365,000
6.5%
$3,105,000
7%
$2,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,625,000
Current use
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±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
$139 / 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
$44,020
Tax year 2023
Assessed value
$2,435,543
Assessed 2023
Previous assessed
$1,814,685
+34.2% YoY
Effective rate
1.81%
On assessed value
Assessed land
$486,103
Assessed improvement
$1,949,440
Land market value
$486,103
Improvement market value
$1,949,440
Total market value
$2,435,543
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1964
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
24,000 SF
Lot
5.42 ac (235,965 SF)
Zoning code
LM
APN
66566.0005-9
UPID
US18-7941837
Jurisdiction
MANATEE
Zoning & alternative use
LM · Sarasota, FL
Zoning LM · permitted uses
LM · 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
$3.6M
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
1964
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
5.42 ac
Current owner
From public records · entity-resolved
Staybull Flooring LLC
Entity
Mailing address
7524 COMMERCE PL, SARASOTA, FL 34243-5020
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Salt Management LLC
—
Deed
related
$6,000,000 · United Community Bank
Jan 3, 2018
—
Staybull Flooring LLC
—
Deed
related
$1,728,959 · Bmo Harris Bk NA
May 29, 2013
$1,025,000
Staybull Flooring LLC
All Wood Furniture Center INC
Warranty Deed
$700,000 · Bank Of America NA
Mar 25, 2013
$500,000
All Wood Furniture Center INC
Featherman Family Props LLC
Warranty Deed
—
May 9, 2007
—
Featherman Family Props LLC
Featherman,donald O & Susan S
Quit Claim Deed
related
—
Nov 15, 2006
—
Featherman Family Props LLC
Featherman,susan S
Quit Claim Deed
—
Oct 16, 2006
—
Featherman,susan S
Owner Name Unavailable
Affidavit Of Death
related
—
—
—
Staybull Flooring LLC
—
Loan Modification
related
$920,000 · Bank Of America/il
—
—
Staybull Flooring LLC
—
Deed Of Trust
related
$1,728,959 · Bmo Harris Bk NA
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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