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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Warehouses
757 Apex Rd Sarasota, FL 34240-8760
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-0454395
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
600 SF
Lot
10.77 ac (469,315 SF)
Zoning code
PID
APN
0216-14-0004
UPID
US18-0454395
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
-
Life Storage - Sarasota Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Life Storage LP · 5 yrs held
Life Storage LP
since 2021
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
PID · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$4,875 / 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
$53,757
Tax year 2023
Assessed value
$4,837,300
Assessed 2023
Previous assessed
$4,837,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,680,900
Assessed improvement
$3,156,400
Land market value
$1,680,900
Improvement market value
$3,156,400
Total market value
$4,837,300
Applied tax rate
100.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Rooms
204
Bathrooms
2
Total area
600 SF
Lot
10.77 ac (469,315 SF)
Zoning code
PID
APN
0216-14-0004
UPID
US18-0454395
Jurisdiction
SARASOTA
Zoning & alternative use
PID · Sarasota, FLZoning PID · permitted uses
PID · 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
Building & site characteristics
From public records
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Rooms
204
Bathrooms
2
Lot
10.77 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
$4,077,500
Life Storage LP
Big Jim IV LLC
Special Warranty Deed
—
Mar 11, 2021
—
Life Storage LP
Big Jim Vi LLC
Quit Claim Deed
related
—
May 13, 2014
$1,300,000
Big Jim Vi LLC
Select Self Storage Holding Co
Warranty Deed
—
May 25, 2010
—
Select Self Storage Holding Co
Investors Mgmt Trust INC
Quit Claim Deed
related
—
May 4, 2010
$121,002
Investors Mgmt Trust INC
Select Self Storage Ll Coc
Trustees Deed
related
—
Jun 19, 2007
$3,995,000
Select Self Storage LLC
Tower Mini Storage INC
Warranty Deed
$2,200,000 · Investors Management Trust INC
Apr 7, 1997
$138,600
Tower Mini Storage INC
Kenneth R Henderson Trustee
Grant 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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